September 7, 2021 | |
Company Name Casa Inc. | |
Representative | President Seigo Miyaji |
(Code number: 7196 TSE First Section) | |
Yusuke Takasugi, | |
Inquiries | Director, General Manager of Business |
Administration Department | |
(TEL.03-5339-1143) |
Notice Regarding Differences between Consolidated Earnings Forecast and Actual Results
for the Six Months Ended July 31, 2021
Casa Inc. (the "Company") hereby provides notice that there are differences between its consolidated earnings forecast for the Six Months Ended July 31, 2021 announced on March 11, 2021 and the actual results announced today.
1. Differences between earnings forecasts and actual results for six months ended July 31, 2021
Net Sales | Operating profit | Ordinary profit | Profit attributable | Earnings per | ||
to owners of parent | share | |||||
Millions | of yen | Millions of yen | Millions of yen | Millions of yen | Yen | |
Previous forecasts (A) | 5,140 | 399 | 408 | 235 | 23.24 | |
Actual results (B) | 5,283 | 532 | 586 | 354 | 35.41 | |
Difference (B - A) | 142 | 133 | 178 | 118 | - | |
Difference (%) | 2.8% | 33.3% | 43.7% | 50.3% | - | |
(Reference) Results of the | 5,021 | 368 | 398 | 231 | 22.87 | |
six months ended July 31, | ||||||
2020 | ||||||
2. Reasons for differences
Regarding the business results for the second quarter of the current consolidated cumulative period, as a result of reviewing the profitability of each agency, the number of new contracts fell below the same period of the previous year, but Sales exceeded the earnings forecast by 142 Million Yen as the amount of new contracts exceeded expectations.
Regarding cost of sales, lawsuit / Dispose expense increased as a result of proceedings with the resolution of litigation cases that had been extended at the time of the declaration of emergency in the previous consolidated fiscal year, but Right to Reimbursement has improved faster than initially expected, and the provision for doubtful accounts has been reduced. In addition, the operating profit margin improved by 2.2 points to 10.1% due to reductions in selling, general and administrative expenses.
As a result, net sales, operating profit, ordinary profit, and profit attributable to owners of the parent exceeded the previously announced forecasts.
Regarding the full-year earnings forecast, we have decided to leave the forecast figures announced last time unchanged, but we will promptly announce them if we determine that it is necessary to revise the earnings forecast based on future earnings trends.