［Delayed］Notice of Revision to Forecasts of Consolidated Financial Results for the Fiscal Year Ending March 31, 2022
November 10, 2021 at 01:16 am EST
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November 4, 2021
(Translation)
Company name:
Fuji Media Holdings, Inc.
Representative:
Osamu Kanemitsu, President
(Code No. 4676, 1st section of Tokyo Stock Exchange)
Person to contact:
Junji Okunogi, Executive Managing Director
and General Manager of Treasury & Finance
Department
Telephone:
+81-3-3570-8000 (key)
Notice of Revision to Forecasts of Consolidated Financial Results
for the Fiscal Year Ending March 31, 2022
Fuji Media Holdings, Inc. (the "Company") announces that as shown below, it has revised the forecasts of full-year consolidated financial results for the fiscal year ending March 31, 2022, which was announced on May 13, 2021.
1. Revision to the forecasts of consolidated financial results for the fiscal year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
Operating
Recurring
Net income
Basic
Net sales
attributable
earnings
income
profit
to owners of
per share
the parent
Millions of Yen
Millions of Yen
Millions of Yen
Millions of Yen
Yen
Previous forecast (A)
509,700
21,600
25,200
17,400
78.22
Revised forecast (B)
520,100
27,500
35,400
21,800
98.01
Change (B - A)
10,400
5,900
10,200
4,400
Percent change (%)
2.0
27.3
40.5
25.3
(Reference) Results for the
previous fiscal year
519,941
16,274
22,295
10,112
44.31
(Fiscal year ended March 31,
2021)
2. Reasons for the revision
In the six months ended September 30, 2021, operating income increased in both the Media & Content segment and the Urban Development, Hotels & Resorts segment due to a clear trend of recovery from the COVID-19 pandemic in the advertising market as well as a favorable conditions of the real estate market.
With regard to the forecasts of full-year consolidated financial results for the fiscal year ending March 31, 2022, operating income is expected to surpass the previous forecast. This is due to an increase in net sales on the back of the sale of properties owned by The Sankei Building Co., Ltd., and a recovery in the business performance of many Group companies, including Fuji Television Network, Inc., from the setback in the previous fiscal year caused by the COVID-19 pandemic as a result of the recovery of the advertising market and the Group companies' continued efforts to use expenses efficiently. In addition, recurring profit and net income attributable to owners of the parent are also expected to surpass the previous forecasts, primarily due to the contribution of equity in
earnings of affiliates. As a result, the Company has revised its forecasts as shown above. 1
There are no changes to the dividend forecasts caused by the above revision to the forecasts of consolidated financial results.
Note: The above forecasts are based on the information available to the management at the time of release of this document. Actual results may differ materially from the forecasts due to various factors in the future.
-End of Document-
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Fuji Media Holdings Inc. published this content on 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 06:14:06 UTC.
Fuji Media Holdings Inc is a Japan-based company engaged in the core broadcasting business, the media and content business, and the urban development and tourism business. The Company operates in two business segments. The Media and Content segment is engaged in the production of broadcast programs, movies, anime, games and events, the sale of video and music software, the publication of music, magazines and newspapers, as well as television broadcasting, radio broadcasting, mail order sales and advertising business. The Urban Development and Tourism segment engages in the rental and sale of residences, offices and logistics facilities, the operation of hotels and marine leisure facilities, as well as events and interior decoration and building management business. The Company also engages in movable property leasing and product sales, software development, and restaurants and shops business.
FUJI MEDIA HOLDINGS, INC. 
