Forecast of consolidated financial results for the fiscal year ending March 31, 2022
Taking into account the consolidated financial results for the nine months of the fiscal year under review and the current trends in orders, the Company has decided to revise its full-year consolidated financial forecasts upward based on the outlook that net sales, operating income, ordinary income, and profit attributable to owners of parent are all likely to exceed the initial forecasts.
The Group forecasts net sales of 65,000 million yen, operating profit of 5,000 million yen, ordinary profit of 5,000 million yen and profit attributable to owners of parent of 3,000 million yen for the next fiscal year.
(Millions of yen)
|Net sales||Operating profit||Ordinary profit||Profit attributable to owners of parent|
|Forecasts for the fiscal year ending March 31, 2022||65,000||5,000||5,000||3,000|
|Actual results for the fiscal year ending March 31, 2021*||52,533||3,855||3,981||2,428|
*Results for the prior year are presented unaudited on a reference basis, taking into account the major differences in the "Accounting Standards for Revenue Recognition."
Since we decided to apply the new revenue recognition standards from the fiscal year ending March 2022, we have calculated the forecast based on these new standards. For this reason, changes to actual values for the year ending March 31, 2021 (prior to the application of these standards) have not been reflected.
Please note that while earnings forecasts are based on currently available information, actual figures may differ from the forecasts due to various factors going forward.