Glory Ltd. TSE:6457
Glory : Revision of the Consolidated Financial Forecast for the First Half and the Full Year of FY2024
Source: MarketScreener
(TRANSLATION FOR REFERENCE ONLY)
August 6, 2024
News Release
Company name: | GLORY LTD. |
Representative: | Akihiro Harada, President |
Headquarters: | 3-1, Shimoteno 1-chome, Himeji, |
Hyogo, JAPAN | |
Securities Code: | 6457 |
Stock Exchange: | Tokyo (Prime) |
Accounting Term: | March |
Revision of the Consolidated Financial Forecast for the First Half and the Full Year of FY2024
GLORY LTD. (the "Company") hereby announces the revision of its consolidated financial forecast for the first half and the full year of FY2024 (ending March 31, 2025) as follows:
1. Revision of consolidated financial forecast for the first half of FY2024 (April 1, 2024 to September 30, 2024)
(Millions of yen)
Net income | Quarterly | ||||
Net sales | Operating | Ordinary | attributable | net income | |
income | income | to owners | per share | ||
of parent | (yen) | ||||
Original forecast (A) | 160,000 | 11,000 | 9,500 | 5,000 | 89.91 |
Revised forecast (B) | 180,000 | 16,500 | 14,500 | 8,000 | 143.66 |
Difference (B-A) | 20,000 | 5,500 | 5,000 | 3,000 | |
Difference (%) | 12.5% | 50.0% | 52.6% | 60.0% | |
(Ref.) FY2023 half-year results | 157,839 | 16,783 | 15,404 | 8,308 | 149.42 |
(Six months ended September 30, 2023) | |||||
2. Revision of consolidated financial forecast for the full year of FY2024 (April 1, 2024 to March 31, 2025) (Millions of yen)
Net income | Net income | ||||
Operating | Ordinary | attributable | |||
Net sales | per share | ||||
income | income | to owners | |||
(yen) | |||||
of parent | |||||
Original forecast (A) | 330,000 | 22,000 | 19,000 | 10,000 | 179.82 |
Revised forecast (B) | 346,000 | 26,500 | 22,500 | 11,500 | 206.52 |
Difference (B-A) | 16,000 | 4,500 | 3,500 | 1,500 | |
Difference (%) | 4.8% | 20.5% | 18.4% | 15.0% | |
(Ref.) FY2023 full-year results | 372,478 | 51,276 | 48,438 | 29,674 | 533.62 |
(TRANSLATION FOR REFERENCE ONLY)
3. Reason for the revision
In the domestic market, the outlook for the number of machine replacement and system modifications to accommodate the new banknotes issued on July 3, 2024 is expected to be higher than anticipated. In addition, in the retail and transportation market, the Company has revised upward its consolidated earnings forecasts for the first half and the full year due to the expected continuation of demand for self-service solutions targeting labor saving and operational efficiency improvements.
The exchange rate assumptions remain unchanged at US$1=¥140, €1=¥150.
Note: The above forecast is based on the information available at the time of announcement and may differ from the actual performance.
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About GLORY LTD.
GLORY LTD., headquartered in Himeji, Japan, is a pioneer in the development and manufacture of cash handling machines and systems. GLORY provides a variety of products built on its leading-edge recognition/identification and mechatronics technology, such as cash handling machines, cash management systems, vending machines and automatic service equipment. Committed to meeting society's wide-ranging needs, GLORY serves the financial, retail, vending machine, amusement and gaming industries in more than 100 countries. For more information, please visit GLORY Group website at https://corporate.glory-global.com/
Contact:
Shigenobu Nishida
General Manager
Corporate Communications Department
Management Strategy Headquarters
Tel: +81-79-297-3131