Offering delicious products | February 15, 2022 |
for the sound mind and body | |
Company: | DyDo Group Holdings, Inc. |
Representative: | Tomiya Takamatsu, President |
(Code 2590 on the First Section of the Tokyo Stock Exchange) | |
Inquiries: | Naokazu Hasegawa, Corporate Officer |
and General Manager of Corporate Communication Department |
Revision to Consolidated Financial Forecasts for FY2021
DyDo Holdings has revised its forecast for the fiscal year ended January 2022 (January 21, 2021, to January 20, 2022) as follows to reflect the latest trends in its business performance.
1. Revision to Consolidated Financial Forecasts for FY2021(January 21, 2021, to January 20, 2022) (Millions of Yen）
Operating | Ordinary | Profit | Earnings | |||||||||||||
Net sales | Attributable to | |||||||||||||||
profit | profit | per share | ||||||||||||||
owners of parent | ||||||||||||||||
Prior Forecast (A) | 164,500 | 4,200 | 4,300 | 2,600 | 166.46yen | |||||||||||
Announced on March 4, 2021 | ||||||||||||||||
Revised forecast (B) | 162,600 | 4,580 | 5,650 | 3,950 | 252.73yen | |||||||||||
Difference (B-A) | (1,900) | 380 | 1,350 | 1,350 | ||||||||||||
Difference (%) | (1.2) | 9.0 | 31.4 | 51.9 | ||||||||||||
(For ref.) Consolidated | 158,227 | 5,602 | 5,727 | 3,204 | 201.31yen | |||||||||||
Figures for FY2020 | ||||||||||||||||
2. Reason for revision
Consolidated sales totaled 162.6 billion yen (up 2.8% from the previous fiscal year) even as the company's businesses continued to feel the impact of external factors including multiple states of emergency imposed to slow the spread of infection by the Japanese government during the COVID-19 pandemic and adverse weather during August and September. We expect positive operating profit thanks to efforts to limit increases in group-wide costs and other selling and administrative expenses.
We also expect ordinary profit and profit attributable to owners of the parent to exceed forecast values due to two factors specific to the fourth quarter: foreign exchange gains (of about 360 million yen) stemming from abrupt fluctuations in foreign exchange rates and gains on sale of non-current assets (of about 100 million yen) due to the sale of idle facilities related to our Turkish business.
Reflecting our policy of maintaining stable dividend payments, the dividend forecast announced on March 4, 2021, remains unchanged.
Note: Earnings forecasts are based on available information and the reasonable judgment of management at the time of this document's publication. Actual performance may differ materially from forecasts for a variety of reasons.