August 14, 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) |
Website: | www.chugaikogyo.co.jp |
Revision to the Consolidated Business Performance Outlook
for the Second Quarter of and the Fiscal Year Ending in March 2025
Based on recent performance trends and other factors, we have revised our consolidated business performance outlook for the cumulative second quarter for the fiscal year ending in March 2025 which was announced on May 14, 2024, as follows.
1. Revision to Business Performance Outlook
- Revision to Consolidated Business Performance Outlook for the Cumulative Second Quarter 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) | 61,000 | 240 | 190 | 180 | 0.63 |
Revised Outlook (B) | 74,500 | 500 | 450 | 440 | 1.53 |
Change in Value (B－A) | 13,500 | 260 | 260 | 260 | |
Rate of Change (%) | 22.1 | 108.3 | 136.8 | 144.4 | |
Reference: Previous Year's Performance | 51,087 | 240 | 228 | 221 | 0.77 |
(Q2 of the Fiscal Year Ending March 2024) | |||||
2. Reason for the Revisions
As for the consolidated business performance outlook for the cumulative second quarter for the fiscal year ending in March 2025, in the Precious Metal Business, both the price of gold bullion and the volume of gold bullion transactions increased as the price of gold remained at record highs against the backdrop of trends in policy interest rates of major banks in various countries, the U.S. economy, and geopolitical risks such as the situation in Russia, Ukraine, and the Middle East. In addition to this, in the Content Business, sales of animation-related merchandise to overseas customers were higher than initially expected, and as a result, revenues, operating profits, recurring profits, and interim net profit attributable to owners of the parent company are expected to exceed the previous forecasts.
The full-year consolidated earnings forecast for precious metals remains unchanged from the forecast announced on May 14, 2024, as the prices of precious metals are significantly affected by inflation due to soaring raw material and resource prices, geopolitical risks, and the risk of exchange rate fluctuations due to the Bank of Japan's shift to an easing monetary policy.
Should there be necessity for further amendment to earning forecast, we will make a timely announcement.
Note: The above projection was established based on information available to the Company at the time of this announcement and the actual business performance may differ from these figures in the event of unforeseen elements taking effect after this announcement.
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.
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