Kokuyo Co., Ltd. Revises Earnings Guidance for the Second Quarter and Full Year of the Fiscal Year Ending December 31, 2021
May 11, 2021 at 11:30 am IST
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Kokuyo Co., Ltd. revises earnings guidance for the second quarter and full year of the fiscal year ending December 31, 2021. Net sales increased by JPY 5 billion for this first half, revised. Operating income increased by JPY 2.8 billion Net income attributable to shareholders of the parent company is expected to remain unchanged from the initial forecast, mainly due to the expected posting of approximately JPY 4 billion in gain on sales of investment securities as extraordinary income.
For the year,guidance for nt sales for the full year will be JPY 10 billion, operating income will increase by JPY 3.4 billion and net income will remain unchanged at JPY 11.8 billion yen.
KOKUYO CO., LTD. is a Japan-based manufacturing company primarily offering stationery and furniture products. The Company operates in three segments. The Stationery-related segment manufactures, purchases and sells stationery products and business supplies. The Furniture-related segment manufactures, purchases and sells office furniture, space design and consultation business. The Mail-order and Retail segment is engaged in the mail-order sales of office products and the sale of interiors and household goods.