IR Japan : Announcement of Revision of Results Forecast
March 30, 2022 at 02:46 pm IST
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March 30, 2022
For Immediate Release
Company name:
IR Japan Holdings, Ltd.
Representative:
Shirou Terashita,
President and Chief Executive Officer
Contact:
Atsuko Furuta,
General Manager, Corporate Planning Department
(Securities code: 6035)
(Tel: +81-3-3519-6750)
Announcement of Revision of Results Forecast
After viewing current operating results, IR Japan Holdings, Ltd. (the "Company") today revised the consolidated results forecast for the fiscal year ending March 31, 2022 (April 1, 2021 through March 31, 2022), announced on February 10, 2022, as follows:
1. Revision of the consolidated results forecast for the fiscal year ending March 31, 2022
(April 1, 2021−March 31, 2022)
(Unit: million yen unless otherwise stated)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Profit per share
(yen)
Previous forecast (A)
12,000
6,000
5,990
4,050
228.00
Revised forecast (B)
8,400
3,520
3,500
2,400
135.11
Change (B − A)
−3,600
−2,480
−2,490
−1,650
Change (%)
−30.0
−41.3
−41.6
−40.7
(Reference) Operating results (FY2020)
8,284
4,080
4,070
2,802
157.81
Change from the previous fiscal year (%)
1.4
−13.7
−14.0
−14.4
2. Reasons for the revision
The Company expects consolidated net sales for the fiscal year to fall significantly below those of the previous forecast due to the failure to realize approximately ¥2.3 billion in large-scale projects of ¥50 million or more undertaken by IR Japan, Inc., a consolidated subsidiary of the Company, and in the pipeline of new normal and large-scale FA projects supported by Japan Originated Investment Bank, Inc., also a consolidated subsidiary, and approximately ¥0.9 billion from the approximately ¥1.2 billion in projects expected to be contracted during the current fiscal year, along with contingency large-scale, fee-type projects already contracted that resulted in compensation that was approximately ¥0.3 billion lower than initially expected. In terms of profits, operating profit, ordinary profit, and profit attributable to owners of parent are expected to fall significantly below those of the previous results forecast, in conjunction with a decrease in net sales and an increase in personnel expenses.
As a result, in its full-year results forecast, the Company expects consolidated net sales of ¥8,400 million (a decrease of ¥3,600 million or 30.0% from that of the previous forecast; an increase of 1.4% from ¥8,284 million of the previous fiscal year), operating profit of ¥3,520 million (a decrease of ¥2,480 million or 41.3% from that of the previous forecast; a decrease of 13.7% from ¥4,080 million of the previous fiscal year), ordinary profit of ¥3,500 million (a decrease of ¥2,490 million or 41.6% from that of the previous forecast; a decrease of 14.0%from ¥4,070 million of the previous fiscal year), and profit attributable to owners of parent of ¥2,400 million (a decrease of ¥1,650 million or 40.7% from that of the previous forecast; a decrease of 14.4% from ¥2,802 million of the previous fiscal year).
As for dividends, since the establishment of the operating structure and future investments are steadily progressing as planned, the year-end dividend remains unchanged and the Company plans to pay ¥68 per share, an increase of ¥18 from that of the previous year, for a full-year dividend of ¥113 per share and a dividend payout ratio of 83.6%.
Note: The results forecast above was prepared based on information available to the Company as of the date of release of this document. Actual operating results may differ due to a number of factors in the future.
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IR Japan Holdings Ltd. published this content on 30 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2022 09:14:02 UTC.
IR Japan Holdings, Ltd. is a Japan-based company mainly engaged in the consulting of investor relations (IR) and shareholder relations (SR) business. The Company provides three services. IR and SR Consulting service is involved in the provision of real shareholder investigation, voting rights simulation, proxy advisory, investment banking business, securities agency business, among others. Disclosure consulting service is involved in the provision of tool consulting to support planning and creation of various information disclosure materials, as well as the provision of legal documentation service to create various English disclosure documents and English translation of Japanese materials. Database and other service is involved in the provision of IR activity comprehensive support system named IR-Pro, the analyst network and others on the Website, as well as the provision of questionnaire service for individual shareholders named Kabunushi Hiroba.