LEOPALACE21 : Notice Concerning Revision of Earnings Forecasts
October 30, 2017 at 09:58 am EDT
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FOR IMMEDIATE RELEASE
October 30, 2017
Company Name: Leopalace21 Corporation
Representative: Eisei Miyama, President and CEO
Code Number: 8848 (Tokyo Stock Exchange, First Section) Contact: Bunya Miyao, Director
Tel: +81-3-5350-0216
E-mail: ir@leopalace21.com
Notice Concerning Revision of Earnings Forecasts
Leopalace21 Corporation ("the Company"), in consideration of recent performance, announces the following revisions to its earnings forecasts for the six months ended September 30, 2017 (April 1, 2017 through September 30, 2017) from those announced on May 15, 2017.
Revision of Earnings Forecasts
Revision to consolidated earnings forecasts for the six months ended September 30, 2017 (April 1, 2017 through September 30, 2017)
(Million yen)
Net sales
Operating profit
Recurring profit
Net income attributable to shareholders of the parent
Net income per share (yen)
Previous forecast (A)
258,000
9,700
9,500
7,500
28.58
Revised forecast (B)
258,700
13,900
13,800
9,400
36.68
Amount change (B - A)
700
4,200
4,300
1,900
Percentage change
0.3%
43.3%
45.3%
25.3%
(Reference)
Results for the six months ended September 30, 2016
255,190
11,337
10,742
9,688
36.85
Revision to non-consolidated earnings forecasts for the six months ended September 30, 2017 (April 1, 2017 through September 30, 2017)
(Million yen)
Net sales
Recurring profit
Net income
Net income per share (yen)
Previous forecast (A)
248,000
9,000
7,000
26.63
Revised forecast (B)
248,800
13,700
9,700
37.61
Amount change (B - A)
800
4,700
2,700
Percentage change
0.3%
52.2%
38.6%
(Reference)
Results for the six months ended September 30, 2016
246,162
10,181
8,892
33.83
Reasons for the Revision
Although net sales are progressing in accordance with plans, operating profit, recurring profit, and net income are expected to increase compared to previous forecasts, due to improvements of profit margins led by a reduction in cost of goods sold and selling, general, and administrative expenses.
There are no changes to the full-year forecasts as of the present time.
Note: Revised business forecasts are calculated based on information available to the Company as of this announcement. Actual results may differ from these forecasts for a variety of reasons.
END
Leopalace21 Corporation published this content on 30 October 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 October 2017 13:57:07 UTC.
Original documenthttp://eg.leopalace21.com/ir/news/2017/pdf/20171030.pdf
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LEOPALACE21 CORPORATION is a Japan-based company primarily engaged in the leasing business and development business. The Company operates in four business segments. The Leasing segment is involved in the leasing, management and repair of buildings, as well as the provision of related services and broadband service. The Development segment involves in apartment construction, as well as the recruitment and sales of real estate specific joint venture products. The Hotel Resort and Others segment is involved in the operation of hotels, and finance business. The Silver segment is engaged in the operation of elderly nursing care facilities. The Others segment is engaged in the operation of care facilities.
LEOPALACE21 CORPORATION 
