Riso Kagaku Corporation TSE:6413
Riso Kagaku : Notification of Revisions to Earnings Forecasts
Source: MarketScreener
Translation
July 30, 2024 | |
Company name: RISO KAGAKU CORPORATION | |
Listing: | Tokyo Stock Exchange Prime Market |
Stock code: | 6413 |
Representative: | Akira Hayama, President & CEO |
Inquiries: | Shoichi Ikejima, Managing Director and General Manager of Corporate Headquarters |
TEL: +81-3-5441-6611 (from overseas) |
Notification of Revisions to Earnings Forecasts
RISO KAGAKU CORPORATION (the "Company") announced that, in light of recent earnings trends, it has revised the earnings forecasts released on May 9, 2024.
Particulars
●Revisions to earnings forecasts
Revisions of the first half year forecast figures for the fiscal year ending March 31, 2025 (April 1, 2024 - September 30, 2024)
(Millions of yen)
Previous forecast (A)
Revised forecast (B)
Amount of increase/decrease (B-A)
Percentage of increase/decrease (%)
(Ref.) Actual results of the first half year ended March 31, 2024
Profit attributable | Net income | |||
Net sales | Operating income | Ordinary income | to owners of | |
per share | ||||
parent | ||||
36,500 | 1,900 | 1,900 | 1,600 | 47.93 yen |
37,200 | 2,200 | 2,800 | 1,900 | 58.02 yen |
700 | 300 | 900 | 300 | |
1.9 | 15.8 | 47.4 | 18.8 | |
34,837 | 1,841 | 2,343 | 1,870 | 56.04 yen |
Revisions of figures in consolidated earnings forecasts for the fiscal year ending March 31, 2025 (April 1, 2024 - March 31, 2025)
(Millions of yen)
Previous forecast (A)
Revised forecast (B)
Amount of increase/decrease (B-A)
Percentage of increase/decrease (%)
(Ref.) Previous fiscal year results (fiscal year ended March 31, 2024)
Profit attributable | Net income | |||
Net sales | Operating income | Ordinary income | to owners of | |
per share | ||||
parent | ||||
78,300 | 4,900 | 5,100 | 3,700 | 111.40 yen |
78,600 | 5,600 | 6,100 | 4,300 | 131.42 yen |
300 | 700 | 1,000 | 600 | |
0.4 | 14.3 | 19.6 | 16.2 | |
74,602 | 5,256 | 6,202 | 4,831 | 145.48 yen |
Reasons for revision
We have revised upward our consolidated earnings forecast for both the first half and full fiscal year, reflecting the results of the three months of the fiscal year ending March 31, 2025, and the future business environment.
We are revising our earnings forecast, as the yen is expected to remain depreciation than initially assumed at the beginning of the fiscal year.
In this revised earnings forecast, the assumed exchange rates for the full fiscal year are 150 yen to the US dollar and 162 yen to the euro. Compared with the initial assumptions, this represents a 5 yen depreciation against the US dollar and a 7 yen depreciation against the euro.
It should be noted that while there was front-loaded demand in Japan during the period under review due to price revisions, we anticipate a resultant softening of demand to produce a decline in sales in the second quarter.
(Note) This document has been prepared based on information available to the Company as of the date of this document's release, and accordingly do not purport that the Company pledges to achieve such performance. Actual business may differ substantially from the forecasts due to various factors in the future.