Ichikoh Industries : Notice Regarding Revision of Earnings Forecast for FY2024

Published November 13, 2024 at 8:01 a.m. UTC

Source: MarketScreener

November 13, 2024

To whom it may concern

Name	Ichikoh Industries, Ltd.
Representative	Christophe Vilatte, Representative Director,
	President & CEO
	（Code: 7244 Prime Sec. of TSE）
Contact	Tomonori Hisano,
	Corporate Planning Department GM
	（TEL：0463-96-1442）

Notice Regarding Revision of Earnings Forecast for FY2024

We would like to inform you that, in light of recent business performance trends, at the Board of Directors meeting held on November 13, 2024, we have decided to revise our full-year earnings forecast for the fiscal year ending December 2024, which was announced on August 8, 2024, as follows.

Revision of Earnings Forecast for FY2024 (January 1, 2024- December 31, 2024)

					( M Yen)
				Net Income
	Net Sales	Operating	Ordinary	Attributable to	Net Income
	Income	Income	Shareholders	per Share
		of the Parent

				Company
Previous Forecast（Ａ）	122,000	4,700	5,700	4,300	44.71 yen

Revised Forecast（Ｂ）	122,000	3,600	5,100	3,800	39.51 yen

Difference（Ｂ－Ａ）	0	(1,100)	(600)	(500)

Ratio（％）	0.0	(23.4)	(10.5)	(11.6)

(Ref) Results of
Previous Full of the	145,897	7,422	8,130	7,838	81.53 yen
Term Ending

December 2023

Reason for Revision

Regarding our earnings forecast, sales will be roughly in line with the forecast, offsetting the decrease in domestic sales by the increase in overseas sales. However, overseas sales are decreasing on a local currency basis and actual sales after deducting the impact of the weak yen are decreasing. As for profits, there were positive aspects such as improvements in the non-quality rate and productivity, but due to a decrease in actual sales and a greater-than-expected increase in raw material costs such as inflation and soaring prices of imported materials, we have revised our full-year forecast downward as above.

Year-end dividend forecast has not been changed.

End