TOMY : Notice Concerning Revisions of Earnings Forecasts
August 11, 2021
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(English Translation of the Japanese Press Release)
August 12, 2021
To all related parties:
Name of the Company:
TOMY Company, Ltd.
Name of the Representative:
Kazuhiro Kojima
Representative Director, President & COO
(Code No. 7867; The First Section of the Tokyo Stock Exchange)
Further Inquiries:
Goshiro Ito
Head of Corporate Administrations
(TEL: 03-5654-1548)
Notice Concerning Revisions of Earnings Forecasts
TOMY Company, Ltd. (hereinafter "Tomy") hereby provides notification that, in light of its recent business performance trends and other factors, it revised its consolidated earnings forecasts for the six months ending September 30, 2021 which were announced on May 11, 2021, as follows.
1. Revisions of consolidated earnings forecasts for the six months ending September 30, 2021 (April 1, 2021 to September 30, 2021)
Net sales
Operating
Ordinary profit
Profit attributable to
Basic earnings per
profit
owners of parent
share
Previously announced
Millions of yen
Millions of yen
Millions of yen
Millions of yen
Yen
forecast (A)
72,000
2,500
2,300
2,800
29.73
Revised forecast (B)
75,000
4,700
4,500
4,000
42.78
Increase (Decrease) (B-A)
3,000
2,200
2,200
1,200
-
Increase (Decrease)
4.2
88.0
95.7
42.9
-
percentage (%)
(Reference) Actual results for the six
months ended September 30, 2020
63,157
1,839
1,622
516
5.48
2. Reasons for revisions
Based on the strong overseas exports of the trading card games "DUEL MASTERS" and "TRANSFORMERS," for which Tomy strengthened the product lineup in the three months ended June 30, 2021, the growing popularity of the amusement machine "Pokémon Mezastar," as well as future market conditions and product plans for the six months ending September 30, 2021, net sales are expected to exceed the previously announced forecast.
In terms of profit, it is expected to exceed the previously announced forecast due to the increase in net sales and cost control based on the expansion of COVID-19 and the situation in stores.
The full-year earnings forecasts for the fiscal year ending March 31, 2022 remain unchanged from the previously announced figures due to concerns about the long-term impact on the retail business and the event business caused by the continued spread of COVID-19 and the need to refrain from going outdoors, as well as the need to closely examine the rapidly changing market environment due to increasing uncertainties such as trends in the year-end and New Year sales season, which is the largest sales season. We will promptly disclose the outlook as soon as it becomes clear.
1
Note concerning forecasts of earnings, etc.
The forecast values that Tomy presents in this material have been determined based on information currently available to Tomy and are subject to a number of uncertainties. Accordingly, actual results may differ from the forecasted values due to the effect of future events.
2
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Disclaimer
TOMY Company Ltd. published this content on 12 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2021 07:21:02 UTC.
TOMY COMPANY, LTD. is a Japan-based company mainly engaged in the toy-related business. The Company is engaged in the design, development, manufacture and sale of toys, as well as the provision of toy development technology and sheared services. Through its subsidiaries, the Company is also engaged in the sale of toy peripheral products, as well as the leasing of real estate.