TechnoPro : Notice Regarding Revisions of Earnings Guidance and Dividend Forecast
April 28, 2021 at 02:21 am EDT
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To Whom It May Concern,
April 28, 2021
TechnoPro Holdings, Inc.
Corporate Name:
(Code:6028, TSE First Section)
Representative:
Yasuji Nishio, President, Representative Director & CEO
Contact:
Toshihiro Hagiwara, Director & CFO
(Tel. 03-6385-7998)
Notice Regarding Revisions of Earnings Guidance and Dividend Forecast
TechnoPro Holdings, Inc. today announced a revision of its consolidated earnings guidance and dividend forecast for the fiscal year ending June 30, 2021, which was announced on February 2, 2021, as follows:
1. Revision of Consolidated Full Year Earnings Guidance for the Fiscal Year Ending June 30, 2021 (July 1, 2020
June 30, 2021)
(yen in millions, except per share amounts)
Net profit
Revenue
Operating profit
Profit before
attributable to
Net profit per
income taxes
owners of the
share (yen)
parent company
Previous guidance (A)
156,500
17,000
16,900
11,500
320.25
Revised guidance (B)
159,000
18,000
18,000
12,300
342.54
Difference (B - A)
2,500
1,000
1,100
800
22.29
Difference (%)
1.6%
5.9%
6.5%
7.0%
7.0%
(Reference) FY20.6 results
158,407
15,772
15,843
10,825
299.97
2. Revision of Year-End Dividend Forecast
Annual dividend per share (yen)
Interim
Year-end
Total
Previous forecast
¥111.00
¥161.00
Revised forecast
¥122.00
¥172.00
Dividends for the
¥50.00
current period (FY21.6)
(Reference) Dividends paid for
¥50.00
¥100.00
¥150.00
the previous period (FY20.6)
3. Reason for the Revision
Although the uncertainty about the economic outlook still continues due to the spread of the COVID-19 infection, demand for the engineering professional services remains solid. With regard to the full-year consolidated earnings guidance for the fiscal year ending June 30, 2021, consequently, both revenue and profits are expected to exceed the previous guidance. For further details, please see "TechnoPro Group Financial Results for the 3rd Quarter of FYE June 2021" disclosed today (April 28, 2021).
TechnoPro Holdings, Inc.'s basic stance on shareholder return is to maintain stable payment of interim and year-end dividend every year, in accordance with the dividend policy to distribute profits linked to business performance at the
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expected full-year dividend payout ratio of 50%.
Upon the announcement of the revised full-year earnings guidance above, TechnoPro Holdings, Inc. sets a plan to distribute a year-end dividend of ¥122.00 per share for the current fiscal year in line with the full-year dividend payout ratio of 50% (total annual dividend of ¥172.00 per share, including interim dividend of ¥50.00), representing an increase of ¥11.00 per share compared with the previous forecast.
(Note) The above guidance and other forward-looking statements are based on information currently available to the Company and certain other premises judged to be reasonable, and the actual results may differ materially due to various factors.
Note on translation
This document is provided for informational purpose only. If there are any discrepancies between this and the original, the original Japanese document prevails.
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TechnoPro Holdings Inc. published this content on 28 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2021 06:20:02 UTC.
TechnoPro Holdings Inc is a Japan-based company mainly engaged in dispatch and contract engineers in the fields of machinery, electrical/electronics, embedded control, software development and maintenance, biochemistry and construction management. It operates through four business segments. Research and Development (R&D) Outsourcing segment provides engineer dispatch and contract work in the technical fields of machinery, electric & electronics, embedded control, information technology networks, business applications, system maintenance and operation. Construction Management Outsourcing segment dispatches engineers for construction management in the areas of construction, civil engineering. It also provides contract work for creating architectural drawings. Overseas segment provides technology outsourcing and recruitment services in China, Singapore, India and the United Kingdom. Domestic and Other segment provides recruitment services and technical education and training services.