2014
Announcement of Difference from Earnings Forecasts for the First Half of the Consolidated Fiscal Year Ending March 31, 2015 and Revision to Full-Year Consolidated Earnings Forecasts
Announced: Nov. 7, 2014
Published: Nov. 14, 2014
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, 2015 announced on May 13, 2014 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, 2015, announced on May 13, 2014. Details are as follows:
1. Difference between earning forecasts and financial results for the first half of the fiscal year ending March 31, 2015 (from April 1, 2014 to September 30, 2014)
| |
Net sales |
Operating income |
Recurring income |
Net income |
Net income per share |
| Previous forecasts (A) |
Million yen
140,000 |
Million yen
10,000 |
Million yen
10,200 |
Million yen
6,600 |
Yen
22.12 |
| Results (B) |
139,509 |
9,007 |
9,468 |
9,831 |
32.95 |
| Difference in value (B-A) |
-491 |
-993 |
-732 |
3,231 |
— |
| Difference in ratio (%) |
-0.4 |
-9.9 |
-7.2 |
49.0 |
— |
(Reference)
Results for the first half of FY2013 |
135,100 |
10,347 |
11,043 |
7,089 |
23.76 |
2. Revision to the consolidated earnings forecasts for the fiscal year ending March 31, 2015 (from April 1, 2014 to March 31, 2015)
| |
Net sales |
Operating income |
Recurring income |
Net income |
Net income per share |
| Previous forecasts (A) |
Million yen
290,000 |
Million yen
21,500 |
Million yen
22,000 |
Million yen
13,000 |
Yen
43.57 |
| New forecasts (B) |
290,000 |
20,000 |
20,500 |
13,000 |
43.57 |
| Change in value (B-A) |
0 |
-1,500 |
-1,500 |
0 |
— |
| Change in ratio (%) |
0.0 |
-7.0 |
-6.8 |
0.0 |
— |
(Reference)
Results for FY 2013 |
279,557 |
19,728 |
20,553 |
12,260 |
41.09 |
3. Reasons for the difference and the revision
During the first half of the current consolidated fiscal year, we developed high function products, promoted sales on a global scale, and worked on reducing costs. However, earnings came under significant pressure due to a slowdown in demand as well as the continuing high costs of raw materials because of the weaker yen. As a result, net sales, operating income, and recurring income all finished lower than the figures announced in the previous forecasts. Meanwhile, net income exceeded the previous forecasts because of the projected extraordinary income (gains from the sale of fixed assets announced in a “notice regarding the transfer of fixed assets” on June 8, 2012) that was generated, while extraordinary losses were shifted to the third quarter and beyond.
In regards to the consolidated full-year business forecasts, we performed a review that factored in the results of the first half of the current consolidated fiscal year and the recent business environment. As a result, we have changed the figures for operating income and recurring income, which are expected to finish lower than those announced in the previous forecasts.
(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. 14, 2014
