TECHNO SMART CORP. Note:This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
October 27, 2023 | |
Company name: | Techno Smart Corp. |
Name of representative: Masami Yanai, President | |
(Securities code: 6246) | |
Inquiries: | Haruhiro Iida, |
Managing Director | |
(Telephone: +81-6-6253-7200) |
Notice Regarding Revision of Earnings Forecast
Techno Smart Corp. (the "Company") hereby announces that it has decided, at the meeting of the Board of Directors held on October 27, 2023, to revise the earnings forecast released on May 12, 2023, as described below.
1. Details of the revision
- Revisions to Non-consolidated earnings forecast for the six months ended September 30, 2023 (April 1, 2023 through September 30, 2023)
Net sales | Operating profit | Ordinary profit | Profit | Earnings per | ||||||
share | ||||||||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | Yen | ||||||
Previously announced | 8,300 | 830 | 850 | 580 | 47.17 | |||||
forecast (A) | ||||||||||
Revised forecast (B) | 9,640 | 1,600 | 1,620 | 1,100 | 89.46 | |||||
Change (B-A) | 1,340 | 770 | 770 | 520 | ||||||
Change (%) | 16.1 | 92.8 | 90.6 | 89.7 | ||||||
(Reference) Results for | ||||||||||
the first half of the fiscal | 10,716 | 1,261 | 1,284 | 877 | 71.36 | |||||
year ended March 31, | ||||||||||
2023 | ||||||||||
- Revisions to Non-consolidated earnings forecast for the fiscal year ending March 31, 2024 (April 1, 2023 through March 31, 2024)
Net sales | Operating profit | Ordinary profit | Profit | Earnings per | ||||||
share | ||||||||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | Yen | ||||||
Previously announced | 20,000 | 2,200 | 2,180 | 1,490 | 121.18 | |||||
forecast (A) | ||||||||||
Revised forecast (B) | 19,000 | 2,400 | 2,430 | 1,660 | 135.01 | |||||
Change (B-A) | (1,000) | 200 | 250 | 170 | ||||||
Change (%) | (5.0) | 9.1 | 11.5 | 11.4 | ||||||
(Reference) Results for | ||||||||||
the fiscal year ended | 19,677 | 2,232 | 2,277 | 1,607 | 130.72 | |||||
March 31, 2023 | ||||||||||
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2. Reason for revision
Net sales for the six months ended September 30, 2023 are expected to exceed the initial forecast due to an increase in the rate of progress as a result of the accelerated production of some projects as a measure against backlog of orders. Operating profit, ordinary profit, and profit for first half are expected to exceed the initial forecast due to the increase in sales associated with the growth in the rate of progress, as well as the concentration of high-margin projects in the second quarter.
The full-year net sales are expected to fall short of the initial forecast due to a decline in the rate of progress, caused by a significant extension of contract delivery dates for projects that were expected to progress in the second half of the fiscal year. On the other hand, operating profit, ordinary profit, and profit for the year are expected to slightly exceed initial forecast.
(Note) The above forecasts are based on information currently available to the "Company" and actual results may differ from the forecasts due to various factors.
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Disclaimer
Techno Smart Corp. published this content on 27 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2023 05:32:45 UTC.
