November 7, 2024
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) |
Variance between Consolidated Financial Forecasts and Actual Results
for the first six months of FY2024
NOK Corporation informs the variance between the consolidated financial forecasts for the first six months of the fiscal year ending March 31, 2025 (1H/FY2024) announced on August 2 and the actual results disclosed today. The details are as follows.
1. Variance between consolidated financial forecasts and the actual results for the first six months of FY2024 (April 1, 2024 to September 30, 2024)
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) | 387,600 | 14,200 | 20,300 | 12,500 | 75.94 |
Actual results (B) | 393,666 | 19,084 | 21,117 | 13,604 | 82.61 |
Change (B-A) | 6,066 | 4,884 | 817 | 1,104 | |
Rate of change (%) | 1.6 | 34.4 | 4.0 | 8.8 | |
(Reference) Results for the six | 354,239 | 4,863 | 16,389 | 12,181 | 71.84 |
months of FY2023 | |||||
2．Reasons for the variance
In the first six months of FY2024, net sales exceeded the previous forecast both in Electronic product segment and Seal segment partially supported by positive impacts of foreign exchange rates. In addition to increased net sales, some expenses originally anticipated to incur during the first half of the fiscal year are now expected to push out to the second half. As a result of those factors and others, operating income also exceeded the previous forecast. The Company recorded foreign exchange loss as a non-operating expense which was larger than the previous forecasts so that the variance of results and forecasts for ordinary income and net income were relatively smaller than that of operating 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.