Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
November 12, 2021
Daido Metal Co., Ltd.
Seigo Hanji
Chairman and Chief Executive Officer (Code) 7245 TSE and NSE 1st Section (For inquiry)
Hiroki Iwakura Executive Officer
Head of Corporate Planning Division
(TEL: +81-52-205-1400)
Notice Regarding Differences between Consolidated Financial Forecasts and Actual Results for the first half of the fiscal year ending March 31, 2022
Daido Metal Co., Ltd. (the Company) hereby informs you that there were differences between the forecasts for the first half of the fiscal year ending March 31, 2022, which had been announced on August 5, 2021 and the actual results disclosed today.
1. 1. Differences between Consolidated Forecasts and Results (from April 1, 2021 to September 30, 2021)
Net sales | Operating | Ordinary | Profit | Basic | ||
profit | profit | attributable | earnings | |||
to owners of | per share | |||||
parent | ||||||
Previous forecast (A) | Million yen | Million yen | Million yen | Million yen | Yen | |
50,000 | 2,200 | 2,100 | 850 | 18.27 | ||
Actual results (B) | 50,315 | 2,677 | 2,602 | 1,188 | 25.53 | |
Difference (B-A) | 315 | 477 | 502 | 338 | － | |
Difference (%) | 0.6 | 21.7 | 23.9 | 39.9 | － | |
(For reference) | ||||||
Previous period | 36,349 | (2,555) | (2,875) | (2,549) | (55.12) | |
(6 months ended | ||||||
September 30, 2020) | ||||||
2. Reasons for the difference |
The consolidated financial forecasts for the first half of the fiscal year ending March 31, 2022 had been announced based on the assumption of a severe environment due to the impact of COVID-19, but as a result of the recovery in demand and the Group-wide efforts to reduce expenses, both net sales and profits exceeded the previous forecasts.
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With respect to the consolidated business forecast for the fiscal year ending March 31, 2022, the Company has decided to keep the forecasts which was announced on May 14, 2021 unchanged, given the still uncertain outlook for the future due to the COVID-19 impact, the global semiconductor supply shortage and raw material price increase.
Should any fact arise that has a significant impact on the Group's performance and revision of the forecast become necessary, the Company will make such announcement promptly.
(End of document)
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