Funai Soken Incorporated : Notice Regarding Revised Mid-Range Business Plan
August 26, 2021
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August 3, 2021
Company name:
Funai Soken Holdings, Inc.
Representative:
Takayuki Nakatani, President & CEO
(Stock code: 9757, Tokyo Stock Exchange 1st Section)
Contact:
Takahisa Okumura, Director and senior vice president,
Head of Management Administration
Divisional Headquarters
(Telephone: +81-(0)6-6232-0130)
Notice Regarding Revised Mid-Range Business Plan
Funai Soken Holdings, Inc. (the "Company") hereby announces that the following revisions were made at the Board of Directors meeting held on August 3, 2021 to the performance targets set in the 2020-2022Mid-Range Business Plan announced on February 5, 2021 based on information and forecasts currently available to the Company.
1. Revision to Mid-Range Business Plan
Year ending Dec. 31, 2021
Year ending Dec. 31, 2022
Consolidated
Consolidated
Consolidated
Consolidated
net sales
operating income
net sales (Note)
operating income
Previous target (A)
Million yen
Million yen
Million yen
Million yen
(Announced on
28,000
5,700
31,000
6,300
February 5, 2021)
Revised target (B)
29,000
6,400
33,000
7,100
Change (B-A)
1,000
700
2,000
800
Rate of change (%)
3.6
12.3
6.5
12.7
Note: The Company plans to adopt the Accounting Standard for Revenue Recognition and so forth from the fiscal year ending December 31, 2022. This is expected to reduce consolidated net sales for the fiscal year ending December 31, 2022. We will announce the amount of the impact of this move when announcing financial highlights for the fiscal year ending December 31, 2021.
2. Reason for Revision
The consolidated full-year performance forecast of the current fiscal year has been revised due to the greater-than-expected
improvement anticipated for operating income of the Company's core business, Consulting, thanks to the strong performance
of monthly support service and online advertising agency service in Consulting and the better operating income margin resulting
from the significant cost reduction achieved by the promotion of online seminars and remote work. In addition, given that we
can expect to continue receiving a greater number of orders in the following fiscal year and to keep reducing costs through the
continuation of remote work, we have revised the performance target for the following fiscal year, which marks the last year
of the 2020-2022Mid-Range Business Plan.
Note: The above performance forecasts were prepared based on information currently available. Actual results may differ from
the forecasts due to various factors that may arise in the future.
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Funai Soken Holdings Co. Ltd. published this content on 27 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2021 08:11:07 UTC.
Funai Soken Holdings Incorporated is a Japan-based company mainly engaged in the provision of management consulting business, related logistics business and other services. The Company operates through three business segments. The Management Consulting segment provides consulting services in the fields of real estate, medical, nursing, automobile-related, amusement, restaurant, education, manufacture, energy, information communication technology, human resource development, finance, marketing, office structure. The Logistics segment is engaged in the provision of logistic consulting service, operation business, cost reduction and other logistics trading for logistics industry. The Other segment provides information technology (IT) consulting, contact center consulting, direct recruiting, and system development services.
FUNAI SOKEN HOLDINGS INCORPORATED 
