May 9, 2023
Company name: ShinMaywa Industries, Ltd.
Representative: Tatsuyuki Isogawa, President and Chief Executive Officer (Code number: 7224; Tokyo Stock Exchange, Prime Market)
Head Office:1-1Shinmeiwa-cho,Takarazuka-shi, Hyogo
Contact: Toshiki Kume, Director, Member of the Board,
Managing Executive Officer (TEL: +81-798-56-5010)
Notice of Difference between Consolidated Earnings Forecast and Actual Results and
Revision of Dividend Forecast (Dividend Increase)
ShinMaywa Industries, Ltd. (the "Company") hereby announces that the difference between the consolidated earnings forecast for the fiscal year ended March 31, 2023, announced on February 2, 2023, and the actual results announced today, as described below.
The Company also announces that the Board of Directors held a meeting on May 9, 2023 and decided to revise (increase) the year-end dividend forecast for the fiscal year ended March 31, 2023.
1. Difference between consolidated earnings forecast and actual results
- Difference between consolidated earnings forecast and actual results for the fiscal year ended March 31, 2023 (April 1, 2022 - March 31, 2023)
Net income | |||||||||||||||
Net sales | Operating | Ordinary | attributable | Net income | |||||||||||
profit | profit | to owners of | per share | ||||||||||||
the parent | |||||||||||||||
Previously | Million yen | Million yen | Million yen | Million yen | Yen | ||||||||||
announced forecast | 222,000 | 8,000 | 8,700 | 5,600 | 84.96 | ||||||||||
(A) | |||||||||||||||
Actual (B) | 225,175 | 9,293 | 9,902 | 7,313 | 111.00 | ||||||||||
Change (B-A) | 3,175 | 1,293 | 1,202 | 1,713 | |||||||||||
Rate of change (%) | 1.4 | 16.2 | 13.8 | 30.6 | |||||||||||
Reference: Results | |||||||||||||||
for the previous | |||||||||||||||
year | 216,823 | 10,569 | 11,821 | 6,907 | 104.96 | ||||||||||
(Fiscal year ended | |||||||||||||||
March 2022) |
(2) Reasons for difference
Net sales exceeded the forecast primarily due to strong sales in the Industrial Machinery & Environmental Systems segment.
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Operating profit and ordinary profit exceeded the forecast due to increased sales and cost reductions.
Net income attributable to shareholders of the parent exceeded the earnings forecast due to an increase in ordinary profit and a decrease in tax expenses.
2. Revision of the dividend forecast
(1) Details of the revision
Annual dividend (per share) | |||
Interim | Year-end | Full-year | |
Previous forecast | 21.00 yen | 42.00 yen | |
Revised forecast | 24.00 yen | 45.00 yen | |
Results for the | 21.00 yen | ||
fiscal year | |||
Results for the | |||
previous year | 19.00 yen | 23.00 yen | 42.00 yen |
(Fiscal year ended | |||
March 2022) |
(2) Reason for revision
In its three-yearmedium-term management plan ending in FY2023, the Company set the target level of shareholder returns at a consolidated dividend payout ratio of 40-50%.
Based on this, the Company has revised its year-end dividend forecast for the fiscal year ended March 31, 2023 to 24 yen per share (previous forecast was 21 yen per share) in light of the consolidated financial results for the fiscal year ended March 31, 2023 announced today.
As a result, the annual dividend for the current fiscal year, including the interim dividend, will be 45 yen per share (consolidated dividend payout ratio: 40.5%).
(End of document)
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