ITO EN, LTD.
June 1, 2021
ITO EN, LTD. Securities numbers : 2593 (Common Stock)
: 25935 (Class-A Preferred Stock)
(URL https://www.itoen-global.com)
47-10, Honmachi 3 chome, Shibuya-ku, Tokyo Representative: Daisuke Honjo (President)
Notice of Difference between Forecast and Actual Consolidated Financial
Results for the Fiscal Year Ended April 30, 2021
ITO EN, LTD. (hereinafter the "Company") hereby announces that there is a difference between forecast and actual consolidated financial results for the fiscal year ended April 30, 2021, announced on December 1, 2020.
Details are as follows:
1. Difference between forecast and actual consolidated financial results for the fiscal year ended April 30, 2021. (From May 1, 2020, through April 30, 2021)
(Unit: million yen) | |||||||
Operating | Ordinary | Profit | Earnings per share | ||||
Net sales | attributable to | (yen) | |||||
income | income | ||||||
owners of parent | (Common Stock) | ||||||
Previous forecasts (A) | 450,000 | 12,300 | 12,100 | 5,800 | 45.09 | ||
Actual (B) | 446,281 | 16,675 | 17,029 | 7,011 | 55.10 | ||
Difference (B-A) | - 3,719 | 4,375 | 4,929 | 1,211 | |||
Change (%) | - 0.8 | 35.6 | 40.7 | 20.9 | |||
(Reference) Previous year | 483,360 | 19,940 | 19,432 | 7,793 | 61.53 | ||
(ended April 30, 2020) | |||||||
* Differences in earnings per share of Class-A Preferred Stock | |||||||
Previous forecasts | 55.09 yen | ||||||
Actual | 65.10 yen | ||||||
(Reference) Previous year (ended April 30, 2020) | 71.53 yen |
2. Reasons for Difference
As of December 1, 2020, when the consolidated financial results forecast for the fiscal year ended April 30, 2021 was announced, the impact of COVID-19 had not yet been resolved, and the timing of its resolution was uncertain, so we assumed that the impact would continue until the end of the consolidated fiscal year.
Although the timing of the convergence of COVID-19 is still uncertain and unpredictable, the Group's efforts to improve operations and reduce overall costs in order to mitigate the impact on its business activities resulted in operating income, ordinary income, and net income attributable to shareholders of the parent company exceeding projections by approximately 4.3 billion yen, 4.9 billion yen, and 1.2 billion yen, respectively.