July 28, 2020
PRESS RELEASE
KOITO MANUFACTURING CO., LTD. Representative Director: Hiroshi Mihara, President (Stock Code: 7276 First Section, TSE)
Inquiries: Atsushi Inoue, Managing Corporate Officer General Affairs Dept.
(Tel: +81-3-3443-7111)
Announcement Regarding the Business Results Forecast for Fiscal 2021
KOITO MANUFACTURING CO., LTD. ("KOITO") announces that, it has revised its consolidated and non-consolidated business results forecast for fiscal 2021, the year ending March 31, 2021, which remained "undecided" in the "Consolidated Earnings Report for Fiscal 2020" released on May 28, 2020, as shown below:
1. Revision of the Business Results Forecast | |||||||||||
(1) The Business Results Forecast for the First Half of the Year Ending March 31, 2021 | |||||||||||
(April 1, 2020 to September 30, 2020) | |||||||||||
1) Consolidated Results | (¥ millions) | ||||||||||
Operating | Profit | ||||||||||
Net sales | Recurring profit | attributable to | Net income | ||||||||
income | owners of | per share (¥) | |||||||||
parent | |||||||||||
Previously-announced | ― | ― | ― | ― | ― | ||||||
forecast (A) | |||||||||||
Revised forecast (B) | 267,000 | △2,000 | 0 | △2,500 | △15.55 | ||||||
Difference (B-A) | ― | ― | ― | ― | ― | ||||||
Change (%) | ― | ― | ― | ― | ― | ||||||
(Reference) Actual results | |||||||||||
for previous year | 399,061 | 41,725 | 42,763 | 29,114 | 181.14 | ||||||
(fiscal 2020) | |||||||||||
2) Non-Consolidated Results | (¥ millions) | ||||||||||
Net sales | Operating | Recurring | Net income | Net income | |||||||
income | profit | per share (¥) | |||||||||
Previously-announced | ― | ― | ― | ― | ― | ||||||
forecast (A) | |||||||||||
Revised forecast (B) | 121,000 | △1,000 | 11,500 | 17,500 | 108.88 | ||||||
Difference (B-A) | ― | ― | ― | ― | ― | ||||||
Change (%) | ― | ― | ― | ― | ― | ||||||
(Reference) Actual results | |||||||||||
for previous year | 180,791 | 16,301 | 29,284 | 23,454 | 145.92 | ||||||
(fiscal 2020) |
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- The Full-Year Business Results Forecast for the Year Ending March 31, 2021 (April 1, 2020 to March 31, 2021)
1) Consolidated Results | (¥ millions) | |||||
Operating | Recurring | Profit | Net income | |||
Net sales | attributable to | |||||
income | profit | owners of | per share (¥) | |||
parent | ||||||
Previously-announced | ― | ― | ― | ― | ― | |
forecast (A) | ||||||
Revised forecast (B) | 620,000 | 18,000 | 21,000 | 10,000 | 62.21 | |
Difference (B-A) | ― | ― | ― | ― | ― | |
Change (%) | ― | ― | ― | ― | ― | |
(Ref.) Actual results | 800,928 | 82,411 | 85,264 | 58,022 | 360.99 | |
for year ending March | ||||||
31, 2020 | ||||||
2) Non-consolidated Results | (¥ millions) | |||||
Net sales | Operating | Recurring | Net income | Net income | ||
income | profit | per share (¥) | ||||
Previously-announced | ― | ― | ― | ― | ― | |
forecast (A) | ||||||
Revised forecast (B) | 267,000 | 2,000 | 18,500 | 22,000 | 136.87 | |
Difference (B-A) | ― | ― | ― | ― | ― | |
Change (%) | ― | ― | ― | ― | ― | |
(Ref.) Actual results | 356,505 | 25,574 | 46,713 | 41,644 | 259.09 | |
for year ending March | ||||||
31, 2020 |
2. Reason for the Revision
Regarding KOITO's business forecast for fiscal 2021, the year ending March 2021, it were kept to be undecided because it was difficult to properly and reasonably calculate due to the global expansion of the novel coronavirus pandemic. However, based on the recent automotive production trends and information available at this time, KOITO has decided to announce the forecast.
The global economy is expected to remain unclear, and KOITO's performance for fiscal 2021 may fluctuate significantly depending on global automobile sales, production trends and other factors. If matters that have to be disclosed occur in the future, KOITO will promptly disclose them.
(Note) The above projections are based on information available at the time of release of this news. Actual results could differ from projections due to a variety of factors.
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