Okabe : (Corrections) Notice of Partial Corrections and Posting of Income Taxes-Deferred in Notice of Differences between Consolidated Financial Results Forecasts for the Fiscal Year Ended December 31, 2023 and Actual Results
March 29, 2024
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March 1, 2024
For Immediate Release
Company name
Okabe Co., Ltd.
Representative
Hirohide Kawase, Representative Director,
President and Chief Executive Officer
(Securities Code: 5959, TSE Prime Market)
Contact
Yasushi Hosomichi, Director and
Senior Managing Executive Officer
in charge of Administrative Division
(TEL. +81-3-3624-5119)
(Corrections)
Notice of Partial Corrections and Posting of Income Taxes-Deferred in Notice of Differences between Consolidated Financial Results Forecasts for the Fiscal Year Ended December 31, 2023 and Actual Results
Okabe Co., Ltd. (the "Company") announces that there were matters that should have been corrected in the Notice of Differences between Consolidated Financial Results Forecasts for the Fiscal Year Ended December 31, 2023 and Actual Results published on February 19, 2024.
Details
1. Reason for the correction
After the disclosure on February 19, 2024, it was found that income taxes-deferred decreased 1,625 million yen due to an error in the calculation of income taxes on a consolidated basis while preparing the consolidated financial statements (corrected from -362 million yen to -1,987 million yen). In light of these errors, the Company has corrected the Notice of Differences between Consolidated Financial Results Forecasts for the Fiscal Year Ended December 31, 2023 and Actual Results.
2. Details of the correction
The corrected parts were underlined.
[Before the change]
1. Differences between consolidated financial results forecasts for the fiscal year ended December 31, 2023 (January 1, 2023 to December 31, 2023) and actual results
Profit
Net sales
Operating profit
Ordinary profit
attributable to
Profit per share
owners of
parent
Million yen
Million yen
Million yen
Million yen
Yen
Previous forecast (A)
78,300
4,100
4,300
Undetermined
Undetermined
Actual results (B)
78,152
4,082
4,303
(7,097)
(153.32)
Change (B - A)
(147)
(17)
3
‒
Change (%)
(0.2)
(0.4)
0.1
‒
(Reference) Actual results
for previous fiscal year
76,854
5,271
5,471
3,848
81.30
(Fiscal year ended
December 31, 2022)
[After the change]
1. Differences between consolidated financial results forecasts for the fiscal year ended December 31, 2023 (January 1, 2023 to December 31, 2023) and actual results
Profit
Net sales
Operating profit
Ordinary profit
attributable to
Profit per share
owners of
parent
Million yen
Million yen
Million yen
Million yen
Yen
Previous forecast (A)
78,300
4,100
4,300
Undetermined
Undetermined
Actual results (B)
78,152
4,082
4,303
(5,472)
(118.22)
Change (B - A)
(147)
(17)
3
‒
Change (%)
(0.2)
(0.4)
0.1
‒
(Reference) Actual results
for previous fiscal year
76,854
5,271
5,471
3,848
81.30
(Fiscal year ended
December 31, 2022)
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Disclaimer
OKABE Co. Ltd. published this content on
01 March 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
06 March 2024 08:34:08 UTC.
OKABE CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of construction equipment and materials. The Company operates in three business segments. The Construction-related Product segment manufactures and sells temporary and formwork construction products, civil engineering products and structural products, and purchases and sells construction materials. The Automobile-related Product segment is engaged in the planning and sale of automobile related products. The Others segment manufactures and sells marine materials and supplies, and manufactures and sells fishing products in the United States.
Okabe : (Corrections) Notice of Partial Corrections and Posting of Income Taxes-Deferred in Notice of Differences between Consolidated Financial Results Forecasts for the Fiscal Year Ended December 31, 2023 and Actual Results
OKABE CO., LTD. 
