Chugai Mining : Recording Deferred Tax Assets and Revision of Consolidated Business Performance Outlook for the Fiscal Year Endi6ng March 2022（146KB）
May 12, 2022
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May 12, 2022
Listed Company Name:
Chugai Mining Co., Ltd.
Stock Code Number:
1491
Stock Exchange:
Tokyo Stock Exchange (2nd Section)
Website:
www.chugaikogyo.co.jp
Representative:
Katsutoshi Haga, CEO and President
For Inquiry:
Isao Sakuraba, IR Center (Telephone: (03)3201-1541)
Recording Deferred Tax Assets and
Revision of Consolidated Business Performance Outlook for the Fiscal Year Ending March 2022
We hereby announce the recording of the deferred tax assets as well as the revision of the consolidated business performance outlook for the consolidated fiscal year ending March 2022 which was announced on August 11, 2021.
Recording deferred tax assets
Upon considering the performance outlook and recoverability of deferred tax assets a decision has been made to record deferred tax assets. In the fourth quarter of the consolidated fiscal year ending March 2022, the outlook is to record corporate tax credit of 98 million yen.
Revision to Consolidated Business Performance Outlook
Consolidated Fiscal Year Ending in March 2022 (April 1, 2021- March 31, 2022)
Current Net
Profit
Current Net
Operating
Recurring
Attributable
Revenue
Profit per
Profit
Profit
to Owners
Share
of the
Parent
Million Yen
Million Yen
Million Yen
Million Yen
Yen
Previously Announced Outlook (A)
40,700
470
400
280
0.97
Revised Outlook (B)
51,590
586
509
546
1.89
Change in Value (B－A)
10,890
116
109
266
Rate of Change (%)
26.8
24.7
27.3
95.0
Reference: Previous Year's Performance
39,452
273
226
175
0.61
(Fiscal Year Ending March 2021)
3. Reason for the Revisions
As for the business performance for the fiscal year ending March 2022, rising price of precious metals such as gold, platinum, and palladium, sharp increase in factory utilization rate due to higher collection volume of precious metal raw materials, and recording of deferred tax assets resulted in increase in sales, operating profit, ordinary profit, and net income attributable to our parent company's stockholders from the previously forecasted values.
Note: The above projection was established based on information available to the Company at the time of this announcement and the actual business performance may differ from these figures in the event of unforeseen elements taking effect after this announcement.
This is an English translation of the financial report created in Japanese.
Should there be any discrepancies between the Japanese original and the English translation, the Japanese original shall prevail.
Chugai Mining Co. Ltd. published this content on 12 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 May 2022 10:09:07 UTC.
Chugai Mining Co., Ltd. is principally engaged in the operation of precious metal business. The Company operates in five business segments. The Precious Metal segment is engaged in the sale of precious metals, artifacts and jewelries, the production and sale of gold, silver, platinum and palladium, as well as the purchase and sale of nonferrous metals which contain gold and silver. The Real Estate segment is involved in the subdivision and leasing of condominium buildings, as well as the trading, brokerage, leasing, management and planning development of real estate. The Machinery segment purchases and sells used machine tools, sheet metal machines and others. The Investment segment is engaged in the possession, trading and operation of securities. The Content segment plans, designs, manufactures, and sells toys and play equipment, and sells, wholesales, plans, and develops character products.
CHUGAI MINING CO., LTD. 
