Inabata : Notice Concerning Revision of Consolidated Earnings Forecasts for the Six Months Ending September 30, 2021 and Full Year Ending March 31, 2022
August 05, 2021 at 10:36 am IST
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To whom it may concern:
August 5, 2021
Company name:
Inabata & Co., Ltd.
Representative:
Katsutaro Inabata, Director, President
(Stock code: 8098, First Section of the Tokyo Stock Exchange)
Inquiries:
Koichi Noda, General Manager,
Financial Management Office (TEL 03-3639-6421)
Notice Concerning Revision of Consolidated Earnings Forecasts for the Six Months Ending
September 30, 2021 and Full Year Ending March 31, 2022
Based on recent trends in its operating results, Inabata & Co., Ltd. (the "Company") hereby announces that it has revised the consolidated earnings forecasts for the six months ending September 30, 2021 and full year ending March 31, 2022, which were released on May 11, 2021. Details are as follows.
1. Revision of Consolidated Earnings Forecast
Consolidated earnings forecasts for the six months ending September 30, 2021
Operating
Ordinary
Profit
Earnings per
Net sales
attributable to
profit
profit
share
owners of parent
Millions of yen
Millions of yen
Millions of yen
Millions of yen
Yen
Previous forecasts (A)
290,000
6,800
7,200
6,800
112.96
Revised forecasts (B)
300,000
8,500
9,500
10,500
174.43
Change (B - A)
10,000
1,700
2,300
3,700
-
Change (%)
3.45
25.00
31.94
54.41
-
(Reference) Results of
the six months ended
267,188
6,212
6,948
5,851
97.20
September 30, 2020
(2) Consolidated earnings forecasts for full year ending March 31, 2022
Operating
Ordinary
Profit
Earnings per
Net sales
attributable to
profit
profit
share
owners of parent
Millions of yen
Millions of yen
Millions of yen
Millions of yen
Yen
Previous forecasts (A)
600,000
14,500
15,000
14,000
232.57
Revised forecasts (B)
600,000
16,000
17,000
16,000
265.80
Change (B - A)
0
1,500
2,000
2,000
-
Change (%)
0.00
10.34
13.33
14.29
-
(Reference) Results of
the year ended
577,583
14,973
16,514
13,792
229.13
March 31, 2021
2. Reason for the revisions
Amid the continuation of the uncertain economic outlook due to not yet being able to foresee the end of COVID-19, the global and Japanese economic environments were expected to gradually recover in the earnings forecasts announced on May 11, 2021. However, sales increased due to the fact that in the three months ended June 30, 2021, demand in the Automotive field in the Plastics segment and Chemicals segment and the Food field in the Life Industry segment recovered to levels significantly higher than initially forecasted. In light of the results for the three months ended June 30, 2021, and the recent situation, the Company has carried out revisions to the consolidated earnings forecasts for the six months ending September 30, 2021 and full year ending March 31, 2022. As a result, net sales, operating profit, ordinary profit and profit attributable to owners of parent for the six months ending September 30, 2021, as well as operating profit, ordinary profit and profit attributable to owners of parent for full year ending March 31, 2022, have been revised upward.
(Note) The figures of the forecast presented above have been prepared based on information that was available as of the date of this news release, and the actual earnings figures may be different from the forecasted figures due to various future variables.
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Inabata & Co. Ltd. published this content on 05 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2021 05:05:09 UTC.
Inabata & Co., Ltd. is a Japan-based company that sells information and electronics, chemicals and other products. It operates in five business segments. The Information and Electronics segment provides semiconductors and liquid crystal materials, machinery equipment, ink for copiers and printers, as well as materials for electronics industry. The Chemical segment offers raw materials of automobile components, resins and gum, paintings and inks, paper manufacturing chemicals. The Living Industry segment sells intermediates for medical and agricultural chemicals, fine chemicals, raw materials of pesticide and toiletries, functional food, marine products, agricultural products, and starches. The Synthetic Resin segment provides general-purpose resins and engineering plastic. The Housing Environment segment sells wood, bonded wood, wood construction materials, housing equipment and housing-related materials.
Inabata : Notice Concerning Revision of Consolidated Earnings Forecasts for the Six Months Ending September 30, 2021 and Full Year Ending March 31, 2022