Notice Concerning Amendments to the Forecasts for FY2015(PDF:109KB)
April 21, 2016 at 12:18 am EDT
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HK HANWA Co
IR News
HK HANWA Co., Ltd.
1-13-1 Tsukiji, Chuo-ku, Tokyo
JAPAN
Date: April 21, 2016 Contact: Yoichi Nakagawa
Director, Managing Executive Officer
Tel: +81-3-3544-2000
Notice Concerning Amendments to the Forecasts for FY2015
Based on recent business performance, Hanwa Co., Ltd. ("Hanwa") hereby announces the following amendments to the forecasts of consolidated financial results for FY2015 (April 1, 2015 through March 31, 2016), previously announced on February 10, 2016, as follows:
Amendments to the Forecasts of Consolidated Financial Results for FY2015 (April 1, 2015 through March 31, 2016). (Millions of yen)
Consolidated net sales
Consolidated operating income
Consolidated ordinary income
Net income attributable to owners of the parent
Consolidated net income
per share (yen)
Previous forecasts (A)
1,650,000
20,000
18,000
12,000
57.91
New forecasts (B)
1,511,000
18,000
15,000
25,000
120.65
Amount changed (B - A)
-139,000
-2,000
-3,000
+13,000
-
% of change
-8.4
-10.0
-16.7
+108.3
-
(Reference)
Actual results for FY2014
1,737,397
19,107
14,264
9,086
43.85
Reasons for the Amendments
Consolidated net sales, operating income and ordinary income are expected to be lower than previously announced forecast mainly due to a sharp downfall of commodity prices including petroleum and steel products.
However, net income attributable to owners of the parent company is expected to exceed the previously announced forecast due to extraordinary income from the sale of fixed assets and reduction of income taxes (ref. "Notice Concerning Transfer of Fixed Assets, Extraordinary Income and Extraordinary Loss" dated February 23, 2016), although additional loss on revaluation of investment securities has been posted at the end of the fiscal year.
(Note)
The above forecasts reflect assumptions and prospects based on the information currently available.
They are subject to a number of risks and uncertainties that could cause actual results to differ materially from this information.
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Hanwa Co. Ltd. issued this content on 21 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 April 2016 04:17:27 UTC
Original Document: http://www.hanwa.co.jp/hanwa_e/ir/pdf/2016/20160421.pdf
HANWA CO., LTD. is a Japan-based company mainly engaged in the sale of steel metal raw materials, non-ferrous metals, foods, petroleum and chemical products, wood and machinery. The Company operates through six business segments. The Steel business is engaged in the provision of steel bars, construction works, steel plates, special steels, wires, steel pipes, and scrap iron. It is also engaged in the metal processing and storage. The Metal Raw Materials business is engaged in the provision of nickel, chromium, silicon, manganese, and ferroalloys. The Overseas Sales Subsidiary business is engaged in the sale of products at major overseas bases. The Petroleum and Chemicals business is engaged in the sale of petroleum products, industrial chemicals, chemicals and waste fuels. The Food business provides seafood and livestock products. The Nonferrous Metals business supplies aluminum, copper and zinc, and conducts recycling business. It also manages and operates amusement facilities.
HANWA CO., LTD. 
