February 5, 2025 | |
Company name: | NOK CORPORATION |
Representative: | Masao Tsuru |
Representative Director, Group CEO | |
Securities code: | 7240 |
Contact person: | Shin Okubo |
Head, Investor Relations | |
(TEL: +81-3-5405-6372) |
Revisions to Consolidated Financial Forecasts for FY2024
NOK Corporation has made the following revisions to the consolidated financial forecasts for the fiscal year ending March 31, 2025 (FY2024) announced on November 7, 2024 based on the recent business environment as well as the consolidated financial results for the nine months of the fiscal year ending March 31, 2025 disclosed today.
1. Revisions to the forecasts
Consolidated financial forecasts for the full year of FY2024 (April 1, 2024 to March 31, 2025)
Net sales | Operating | Ordinary income | Profit attributable | Earnings |
income | to owners of parent | per share | ||
Previously announced | Million yen | Million yen | Million yen | Million yen | Yen | |
forecasts (A) | 745,500 | 31,900 | 38,700 | 22,800 | 138.45 | |
Revised forecasts (B) | 755,700 | 35,300 | 45,800 | 30,200 | 183.73 | |
Change (B-A) | 10,200 | 3,400 | 7,100 | 7,400 | ||
Rate of change (%) | 1.4 | 10.7 | 18.3 | 32.5 | ||
(Reference) Results for | the | 750,502 | 22,912 | 40,285 | 31,602 | 188.34 |
full year of FY2023 | ||||||
2. Reasons for the revision
The Company updated its business outlook based on the recent business environment and the business results for the nine months of the current fiscal year.
In the seal business, while sales are anticipated almost in-line with the previous forecasts, operating income is expected to exceed the forecast mainly because of reflecting price-increase efforts, review of expense forecasts and so on. In the electronic product business, sales and operating income are expected to be higher than the previous forecasts mainly due to higher sales for the smartphone application.
In addition to these revisions at the operating level, forecasts for ordinary income and net income are also upwardly revised because of items not included in the previous one such as foreign exchange gains as non-operating income and gain on sales of investment securities as extraordinary income.
*Any forward-looking statements on business result projections stated in this material are based on information currently available to NOK Corporation and certain assumptions which NOK Corporation deems reasonable, and are not meant to promise the achievement of such projections. Furthermore, actual financial results may differ significantly due to various factors.
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