November 11, 2024
Listed Company Name: | Chugai Mining Co., Ltd. |
(Stock code no.: 1491, Tokyo Stock Exchange Standard Market) | |
Representative: | Takeo NISHIMOTO, CEO and President |
For Inquiry: | Isao SAKURABA, IR Center (Telephone: (03)3201-1541) |
Recording Deferred Tax Assets and Extraordinary Loss,
Revision of Consolidated Forecast for for the Second Quarter of the Period Ending in March 2025, and
Revision of Full-Year Consolidated Forecast
The Company hereby announce that it has decided to record the following deferred tax assets, and revise the revision of the consolidated forecast for the second quarter (interim period) of 2025 announced on 14 August 2024 as well as full- year consolidated earnings forecast for the fiscal year ending March 31, 2025 announced on May 14, 2024
Details are as follows.
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Recording deferred tax assets
Based on a review of the possibility of recovering deferred tax assets in light of future business outlooks and other factors, the Company has decided to record deferred tax assets. As a result, expect to record a corporate tax adjustment (profit) of -190 million yen. - Revision to Consolidated Business Performance Outlook for the Cumulative Second Quarter (Interim Period) of the Fiscal Year Ending in March 2025 (April 1, 2024-September30, 2024)
Current Net | ||||||
Profit | ||||||
Revenue | Operating | Recurring | Attributable | Current Net | ||
to Owners | Profit per | |||||
Profit | Profit | |||||
of the | Share | |||||
Parent | ||||||
Company | ||||||
Million Yen | Million Yen | Million Yen | Million Yen | Yen | ||
Previously Announced Outlook (A) | 74,500 | 500 | 450 | 440 | 1.53 | |
Revised Outlook (B) | 71,351 | 676 | 624 | 811 | 2.81 | |
Change in Value (B－A) | △3,149 | 176 | 174 | 371 | ||
Rate of Change (%) | △4.2 | 35.2 | 38.7 | 84.3 | ||
Reference: Previous Year's Performance | 51,087 | 240 | 228 | 221 | 0.77 | |
(Q2 of the Fiscal Year Ending March 2024) | ||||||
3. Revision to Full-Year Business Performance Outlook for the Fiscal Year Ending in March 2025
(April 1, 2024-March 31, 2025)
Current Net | ||||||
Operating | Recurring | Profit | Current Net | |||
Revenue | Attributable | Profit per | ||||
Profit | Profit | |||||
to Owners of | Share | |||||
the Parent | ||||||
Million Yen | Million Yen | Million Yen | Million Yen | Yen | ||
Previously Announced Outlook (A) | 124,000 | 660 | 500 | 490 | 1.70 | |
Revised Outlook (B) | 152,000 | 1,180 | 990 | 1,170 | 4.06 | |
Change in Value (B－A) | 28,000 | 520 | 490 | 680 | ||
Rate of Change (%) | 22.6 | 78.8 | 98.0 | 138.8 | ||
Reference: Previous Year's Performance | 113,758 | 363 | 251 | 218 | 0.76 | |
(Fiscal Year Ending March 2024) | ||||||
Copyright ©2024 Chugai Mining Co. Ltd. All Rights Reserved
4. Reason for the Revisions
As for the consolidated business performance of the second quarter (interim period) under review, sales in the precious metals business fell short of initial estimates due to temporary sharp fluctuations in the gold market, however, due to strong sales of animation-related merchandise to overseas customers in the Content Business, as well as the recording of deferred tax assets, operating profit, recurring profit, and net profit attributable to the shareholders of the parent company are expected to exceed previous forecasts.
For the full-year consolidated forecasts, based on the expectation that prices of precious metals such as gold, platinum, and palladium will remain high in the Precious Metals Business, and that sales of animation-related goods will remain strong in the Content Business, the revenue, operating profit, recurring profit, and net profit attributable to shareholders of the parent company are expected to exceed the previous forecasts.
Note: The above forecasts are based on information available at the time of publication of this document, therefore, actual results may differ from forecasts due to various future factors.
This is an English translation of the financial report created in Japanese.
Should there be any discrepancies between the Japanese original and the English translation, the Japanese original shall prevail.
Copyright ©2024 Chugai Mining Co. Ltd. All Rights Reserved