July 31, 2020 | |
For Immediate Release | |
Company name: | IR Japan Holdings, Ltd. |
Representative: | Shirou Terashita, |
President and | |
Chief Executive Officer | |
(Securities code: 6035) | |
Contact: | Atsuko Furuta, |
General Manager, | |
Corporate Planning Department | |
(Tel: +81-3-3519-6750) |
Announcement of Revision of Results Forecast
for the Six Months Ending September 30, 2020 and for the Fiscal Year Ending March 31, 2021
Based on the current operating results, IR Japan Holdings, Ltd. ("the Company") today revised the consolidated results forecast for the six months ending September 30, 2020 and for the fiscal year ending March 31, 2021 (April 1, 2020 to March 31, 2021) announced on May 15, 2020 as follows.
1. Revision of the consolidated results forecast for the six months ending September 30, 2020 (April 1, 2020-September 30, 2020)
(Units: million yen unless otherwise stated)
Profit | |||||||||||||||
Net sales | Operating | Ordinary | attributable to | Profit per | |||||||||||
profit | profit | owners of | share (yen) | ||||||||||||
parent | |||||||||||||||
Previous forecast (A) | ― | ― | ― | ― | ― | ||||||||||
Revised forecast (B) | 4,350 | 2,218 | 2,218 | 1,505 | 84.78 | ||||||||||
Change (B − A) | ― | ― | ― | ― | ― | ||||||||||
Change (%) | ― | ― | ― | ― | ― | ||||||||||
(Reference) | |||||||||||||||
Operating results | |||||||||||||||
(for the six months | 3,398 | 1,474 | 1,471 | 1,009 | 56.66 | ||||||||||
ended September 30, | |||||||||||||||
2019) |
2. Reason for the revision
For the consolidated results forecast for the six months ending September 30, 2020, the Company currently forecasts a 28.0% increase in net sales to ¥4,350 million and a 50.5% increase in operating profit to ¥2,218 million year on year. This is mainly due to the success of efforts to strengthen the front office structure that have been implemented since June, proxy fights by strategic buyers that will be completed by September 30, 2020, and a significant increase in the number of large-scale projects including PA and FA for responding to activists compared to the previous year.
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3. Revision of the consolidated results forecast for the fiscal year ending March 31, 2021 (April 1, 2020-March 31, 2021)
(Units: million yen unless otherwise stated)
Profit | |||||||||||||||
Net sales | Operating | Ordinary | attributable to | Profit per | |||||||||||
profit | profit | owners of | share (yen) | ||||||||||||
parent | |||||||||||||||
Previous forecast (A) | 8,500 - 9,000 | ― | ― | ― | ― | ||||||||||
Revised forecast (B) | 9,000 - 9,500 | ― | ― | ― | ― | ||||||||||
Change (B − A) | 500 - 500 | ― | ― | ― | ― | ||||||||||
Change (%) | 5.6 - 5.9 | ― | ― | ― | ― | ||||||||||
(Reference) | |||||||||||||||
Operating results | 7,682 | 3,626 | 3,611 | 2,445 | 137.32 | ||||||||||
(FY2019) |
4. Reason for the revision
As of July 31, 2020, the Company has disclosed only its net sales forecast in ranges for the fiscal year ending March 31, 2021, due to the difficulty in reasonably estimating the extent of the future impact of the new coronavirus infection and forecasting the end of the pandemic at this time. The Company has revised the results forecast for the fiscal year ending March 31, 2021 upward from ¥8,500 million to ¥9,000 million that was announced on May 15, 2020, to ¥9,000 million to ¥9,500 million, in anticipation of steady growth in the SR services and an increase in large-scale projects in PA and FA investment banking business.
End of release
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