Note:This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
October 25, 2024 | |
Company name: | Techno Smart Corp. |
Name of representative: Haruhiro Iida, President | |
(Securities code: 6246) | |
Inquiries: | Kaname Takahashi, |
Director, General Manager of |
Administration Div. (Telephone: +81-6-6253-7200)
Notice Regarding Revision of Earnings Forecast
Techno Smart Corp. (the "Company") hereby announces that it has decided, at the meeting of the Board of Directors held on October 25, 2024, to revise the earnings forecast released on May 15, 2024, as described below.
1. Details of the revision
- Revisions to Non-consolidated earnings forecast for the six months ended September 30, 2024 (April 1, 2024 through September 30, 2024)
Net sales | Operating profit | Ordinary profit | Profit | Basic earnings | ||||||||
per share | ||||||||||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | Yen | ||||||||
Previously announced | 6,630 | 650 | 650 | 450 | 39.24 | |||||||
forecast (A) | ||||||||||||
Revised forecast (B) | 7,530 | 1,460 | 1,480 | 1,000 | 87.20 | |||||||
Change (B-A) | 900 | 810 | 830 | 550 | ||||||||
Change (%) | 13.6 | 124.6 | 127.7 | 122.2 | ||||||||
(Reference) Results for | ||||||||||||
the first half of the fiscal | 9,641 | 1,599 | 1,619 | 1,097 | 89.23 | |||||||
year ended March 31, | ||||||||||||
2024 |
- Revisions to Non-consolidated earnings forecast for the fiscal year ending March 31, 2025 (April 1, 2024 through March 31, 2025)
Net sales | Operating profit | Ordinary profit | Profit | Basic earnings | ||||||||
per share | ||||||||||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | Yen | ||||||||
Previously announced | 21,000 | 2,500 | 2,510 | 1,710 | 149.12 | |||||||
forecast (A) | ||||||||||||
Revised forecast (B) | 21,700 | 3,100 | 3,100 | 2,100 | 183.12 | |||||||
Change (B-A) | 700 | 600 | 590 | 390 | ||||||||
Change (%) | 3.3 | 24.0 | 23.5 | 22.8 | ||||||||
(Reference) Results for | ||||||||||||
the fiscal year ended | 19,242 | 2,588 | 2,630 | 1,804 | 146.73 | |||||||
March 31, 2024 |
- 1 -
2. Reason for revision
Net sales for the six months ended September 30, 2024 are expected to exceed the initial forecast as the timing of recording sales for projects, which was initially expected to be recorded from the third quarter, has changed to the second quarter. Operating profit, ordinary profit, and interim profit are expected to exceed the initial forecast for the gross profit margin for each project, due to the accelerated timing of recording sales for the relevant projects and the success of cost reduction measures.
Net sales, operating profit, ordinary profit, and profit for the full fiscal year ending March 31, 2025 are expected to exceed the initial forecast as a result of a close examination of the progress rate and cost of each project, in addition to the reasons for the second quarter revisions.
(Note) The above forecasts are based on information currently available to the "Company" and actual results may differ from the forecasts due to various factors.
- 2 -