Notice: This document is a translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
October 21, 2021
Company Name: Iida Group Holdings Co., Ltd.
Representative: Masashi Kanei, President and Representative Director
Stock code: 3291, Tokyo Stock Exchange (First Section)
For inquiry: Hiroshi Nishino, Executive Board Director（Tel: +81-422-38-8828）
Notice: Revisions to Consolidated Earnings Forecast
Taking the business performance in the recent days into consideration, Iida Group Holdings Co. Ltd., (hereafter "the Company) decided at a meeting of the Board of Directors held on October 21, 2021 to revise the consolidated earnings forecast for the 1st half (cumulative basis) of the fiscal year ending March 2022, which had been announced on May 14, 2021
1. Revisions to the consolidated earnings forecast for 1st half (cumulative basis) of the fiscal year ending March 2022. (From April 1, 2021 to September 30, 2021)
Operating | Profit before | Profit attributable | Basic earnings | |||
Revenue | Net profit | to owners of the | ||||
profit | income taxes | per share | ||||
parent company | ||||||
Forecast previously | Millions of yen | Millions of yen | Millions of yen | Millions of yen | Millions of yen | Yen |
announced (A) | 695,000 | 61,000 | 59,000 | 41,000 | 41,000 | 142.17 |
Revised forecast (B) | 683,000 | 87,000 | 85,000 | 59,000 | 59,000 | 204.59 |
Change (B-A) | -12,000 | 26,000 | 26,000 | 18,000 | 18,000 | - |
Rate of change (%) | -1.7 | 42.6 | 44.1 | 43.9 | 43.9 | - |
(Ref) Results for 1st half of | 738,320 | 52,647 | 51,275 | 34,918 | 34,728 | 120.43 |
the year ended March 2021 | ||||||
2. Reason for the revisions
The performance of the detached house business, the Company's mainstay, was better than the Company had thought due to the improved supply and demand balance for detached houses, which was brought by the change of lifestyle reflecting the spread of the novel coronavirus. Reflecting that, the forecast the Company last announced is expected to be better. Therefore, the Company has decided to revise the forecast for 1st half (cumulative basis) of the fiscal year ending March 2022.
On the other hand, the Company has not changed the forecast for the full year of the fiscal year ending March 2022, which the Company last announced, as the business environments are still unclear partly because the alarm is sounded about resurgence of the new coronavirus infections and partly because "Lumber Shortage" is making the lumber procurement difficult all over the world. Should any matters arise which need to be disclosed, the Company will promptly announce the information in a timely manner based on JPX disclosure standards.
(Note)
The actual results may differ significantly from the above forecast due to various factors.