August 4, 2021
To whom it may concern
Company name: Okamura Corporation
Representative: Masayuki Nakamura
Representative Director, President and Chief
Executive Officer
(Code: 7994, Listing: First Sections of Tokyo Stock Exchange)
Contact: | Naoki Kono, Director and Managing Executive |
Officer, Corporate Functional Officer | |
TEL: | +81-(0)3-5539-6466 |
Announcement of Revision of Performance Forecasts
The Company provides notice that, in consideration of recent business performance, it has revised the performance forecasts published on May 12, 2021 as follows:
1. Revision of the forecasts of consolidated performance for the first half (cumulative) of the fiscal year ending March 2022 (April 1, 2021 to September 30, 2021)
Profit | |||||
Net sales | Operating | Ordinary | attributable to | Profit per | |
income | income | owners of | share | ||
parent | |||||
In millions of yen | In millions of yen | In millions of yen | In millions of yen | Yen | |
Previous forecast (A) | 116,000 | 4,800 | 5,500 | 3,800 | 37.84 |
Revised forecast (B) | 118,000 | 6,300 | 7,000 | 4,900 | 49.21 |
Difference (B - A) | 2,000 | 1,500 | 1,500 | 1,100 | |
Percentage of difference (%) | 1.7 | 31.3 | 27.3 | 28.9 | |
(Reference) Previous term results | 105,294 | 2,859 | 3,561 | 2,155 | 19.57 |
(First half of FY ended March 2021) | |||||
2. Revision of the forecasts of consolidated performance for the fiscal year ending March 2022 (April 1, 2021 to March 31, 2022)
Profit | |||||
Net sales | Operating | Ordinary | attributable to | Profit per | |
income | income | owners of | share | ||
parent | |||||
In millions of yen | In millions of yen | In millions of yen | In millions of yen | Yen | |
Previous forecast (A) | 245,000 | 15,000 | 16,000 | 11,200 | 111.52 |
Revised forecast (B) | 247,000 | 16,500 | 17,500 | 12,300 | 123.53 |
Difference (B - A) | 2,000 | 1,500 | 1,500 | 1,100 | |
Percentage of difference (%) | 0.8 | 10.0 | 9.4 | 9.8 | |
(Reference) Previous term results | 244,454 | 14,175 | 15,377 | 11,971 | 112.51 |
(FY ended March 2021) | |||||
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3. Reason for revision
In the Office Furniture and Store Displays segments, demand remained high and the profit margin steadily improved. For this reason, we predict that net sales, operating income, ordinary income, and profit attributable to owners of parent will all exceed the previous forecasts.
Note: The aforementioned performance forecasts have been made based on the information available as of the day when these materials are published; actual results may differ from the predicted figures due to various factors.
Reference
Net Sales by Business Segment (Consolidated)
FY March 2022 | (Previous forecast) | |
Office Furniture | ¥132.0 billion | (¥131.0 billion) |
Store Displays | ¥97.0 billion | (¥96.0 billion) |
Material Handling Systems | ¥13.0 billion | (¥13.0 billion) |
Others | ¥5.0 billion | (¥5.0 billion) |
Total | ¥247.0 billion | (¥245.0 billion) |
Operating Income by Business Segment (Consolidated) | ||
FY March 2022 | (Previous forecast) | |
Office Furniture | ¥11.8 billion | (¥10.3 billion) |
Store Displays | ¥3.6 billion | (¥3.4 billion) |
Material Handling Systems | ¥0.9 billion | (¥1.0 billion) |
Others | ¥0.2 billion | (¥0.3 billion) |
Total | ¥16.5 billion | (¥15.0 billion) |
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