May 2, 2017
Benesse Holdings, Inc.
Information about Revision of Forecast Results for the Full- Year of Fiscal 2016 Ended March 31, 2017Benesse Holdings, Inc. announced today a revised forecast for its consolidated financial results for the full year of fiscal 2016 (from April 1, 2016 to March 31, 2017) from its previous forecast for the fiscal year, announced on May 11, 2016. Details are provided below.
-
Revised consolidated performance forecast for fiscal 2016 (April 1, 2016 to March 31, 2017)
Net sales
Operating income
Ordinary income
Net income (loss) attributable to owners of the parent
Net income (loss)
per share
Previous forecast (A)
Million yen
438,800
Million yen
7,500
Million yen
4,500
Million yen
0
Yen
0.00
Revised forecast (B)
430,064
7,685
5,545
3,557
36.98
Change (B-A)
(8,736)
185
1,045
3,557
Change (%)
(2.0%)
2.5%
23.2%
-
(Reference)
Fiscal 2015 actual amounts, consolidated basis (from April 1, 2015
to March 31, 2016)
444,190
10,862
8,732
(8,211)
(85.37)
- Reasons for revision
Net sales are now expected to fall below our previously announced forecast because the number of language lessons at Berlitz Corporation and cumulative enrollment in the Shinkenzemi business have been slightly lower than planned, and there has also been a negative impact from foreign currency translation due to the yen's appreciation. Operating income is now expected to exceed the previously announced forecast due to cost reductions and other measures, despite a decrease due to the decline in sales.
Ordinary income is now expected to exceed the previously announced forecast due to the increase in operating income, as well as the sale of marketable securities among other factors. Net income attributable to owners of the parent is expected to exceed the previously announced forecast, mainly due to the increase in ordinary income and the sale of artworks.
Note: This performance forecast is based on information available to management and certain assumptions deemed reasonable at the time of this writing. Various factors may cause future results to be substantially different from expectations.
END
Benesse Holdings Inc. published this content on 02 May 2017 and is solely responsible for the information contained herein.
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