2013
Announcement of Difference from Earnings Forecasts for the First Half of the Consolidated Fiscal Year and Revision to Full-Year Consolidated Earnings Forecasts
Announced: Nov. 8, 2013
Published: Nov. 11, 2013
Name of Listed Company: Toyo Ink SC Holdings Co., Ltd.
Representative: Katsumi Kitagawa, President and Representative Director
Stock Code: 4634, Tokyo Stock Exchange First Section
Inquiries: Hiroya Aoyama, Managing Director and CFO
Tel: +81-3-3272-5731
Toyo Ink SC Holdings Co., Ltd. announces that a difference has arisen between the earnings forecasts for the first half of the fiscal year ending March 31, 2014 announced on May 14, 2013 and the financial results announced today, and that, in light of its recent business performance, it has revised its consolidated earnings forecasts for the fiscal year ending March 31, 2014. Details are as follows:
1. Difference between earnings forecasts and financial results for the first half of the fiscal year ending March 31, 2014 (from April 1, 2013 to September 30, 2013)
| |
Net sales |
Operating income |
Recurring income |
Net income |
Net income per share |
| Previous forecasts (A) |
Million yen
130,000 |
Million yen
9,500 |
Million yen
9,500 |
Million yen
5,000 |
Yen
16.76 |
| Results (B) |
135,100 |
10,347 |
11,043 |
7,089 |
23.76 |
| Difference in value (B-A) |
5,100 |
847 |
1,543 |
2,089 |
— |
| Difference in ratio (%) |
3.9 |
8.9 |
16.2 |
41.8 |
— |
(Reference)
Results for the first half of FY2012 |
123,418 |
8,031 |
7,933 |
3,951 |
13.24 |
2. Revision to the consolidated earnings forecasts for the fiscal year ending March 31, 2014 (from April 1, 2013 to March 31, 2014)
| |
Net sales |
Operating income |
Recurring income |
Net income |
Net income per share |
| Previous forecasts (A) |
Million yen
270,000 |
Million yen
20,000 |
Million yen
20,000 |
Million yen
10,000 |
Yen
33.51 |
| New forecasts (B) |
270,000 |
20,000 |
20,500 |
12,000 |
40.22 |
| Change in value (B-A) |
— |
— |
500 |
2,000 |
— |
| Change in ratio (%) |
— |
— |
2.5 |
20.0 |
— |
(Reference)
Results for FY 2012 |
248,689 |
17,547 |
18,468 |
8,714 |
29.20 |
3. Reasons for the difference and the revision
During the first half of the consolidated fiscal year concerned, we accelerated our global expansion, carried out sales promotion of high function products and stepped up our cost cutting efforts amid the rise in raw material prices following the depreciation of the yen. As a result, net sales and operating income turned out to be slightly higher than had been previously forecast.
In addition, the generation of foreign exchange gains and a decrease in corporate income taxes following an improvement in the performance of overseas operations subject to lower tax rates brought recurring income and net income to levels that exceeded the previous forecasts.
With respect to full-year earnings forecasts, we have not changed the figures for net sales and operating income in light of the uncertain outlook of the global economy and in anticipation of the continued hike in raw material prices, while revising upwards the figures for recurring income and net income in consideration of the results for the first half of the consolidated fiscal year.
(Note) The above forecasts are prepared based on information available at the time of the announcement. Actual performance may differ materially from the forecasts due to a variety of factors.
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Update: Nov. 11, 2013
