SB Technology Corp.
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We would like to inform you that at the board of directors meeting held today, the Company resolved to revise the full-year consolidated business forecast for the fiscal year ending March 2023, which was announced on July 27, 2022, as follows.
Record
1. Regarding revisions to performance forecasts
(1) Revision of consolidated financial forecast figures for the fiscal year ending March 2023 (April 1, 2022 to March 31, 2023)
| Net sales | Operating income | Ordinary profit | Net income attributable to owners of parent company | per share net income |
|
|---|---|---|---|---|---|
| One million yen | One million yen | One million yen | One million yen | yen coin | |
| Previously announced forecast (A) | 70,000 | 5,400 | 5,380 | 3,400 | 168.30 |
| This revised forecast (B) | 67,000 | 5,400 | 5,380 | 3,400 | 169.84 |
| Increase/decrease amount (B-A) |
△3,000 | 0 | 0 | 0 | ‐ |
| Rate of change(%) | △4.3 | 0 | 0 | 0 | - |
| (For your reference) Previous period results (Fiscal year ending March 2022) |
66,183 | 5,152 | 5,133 | 3,630 | 179.39 |
2. Reason for revision of earnings forecast
In the current fiscal year, sales are expected to be lower than forecasts due to opportunity losses due to the allocation of personnel to troubleshooting and the ongoing shift from low-profit projects to high-value-added areas. We will revise our forecast.
On the other hand, the gross profit margin has begun to improve due to a shift to high-value-added areas, and due to a change in the contract with NortonLifeLock Inc., the Company will only handle automatic renewal services from now on, but customer acquisition operations will continue to decline. As the transfer is slower than expected and SG&A expenses are expected to be lower than planned, we believe that we will be able to achieve the previously announced figures for operating income, ordinary income, and net income attributable to owners of the parent company. We expect it.
(Note) Please note that the above forecasts have been prepared based on information currently available to the Group, and may differ from actual results due to various future factors.
Contact information for inquiries from media regarding this matter
○ SB Technology Corp. Corporate Planning Division Corporate Planning Department
Email: sbt-ir@tech.softbank.co.jp
