Benesse : Information about Difference between the Forecast and Actual Results for the First Half of Fiscal 2016 Ended September 30, 2016
October 31, 2016 at 02:22 am EDT
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October 31, 2016 Benesse Holdings, Inc.
Information about Difference between the Forecast and Actual Results for the First Half of Fiscal 2016 Ended September 30, 2016
Benesse Holdings, Inc. hereby discloses a difference that has arisen between its consolidated financial results for the first half of fiscal 2016 (from April 1, 2016 to September 30, 2016) announced today and its previous forecast for the first half announced on May 11, 2016.
Difference between the Forecast and Actual Results for the First Half of Fiscal 2016 Ended September 30, 2016(April 1, 2016 - September 30, 2016)
Net sales
Operating income
Ordinary income
Net income attributable to owners of
the parent
Net income per share
Previously announced forecast
(A)
million yen
224,500
million yen
5,200
million yen
3,800
million yen
1,200
yen sen
12.48
Actual results (B)
212,511
8,015
6,746
3,114
32.38
Change (B-A)
(11,988)
2,815
2,946
1,914
Change (%)
(5.3)
54.1
77.5
159.6
(Reference)
Last First Half results (from April 1, 2015 to Septembenr
30, 2015)
220,050
10,242
9,774
5,170
53.75
Reasons for Differences
Net sales in the first half ended September 30, 2016, were lower than the previous forecast.
However, operating income, ordinary income and net income attributable to owners of the parent were all higher than the previous forecast. This was due mainly to the timing for recording certain selling, general and administrative expenses having shifted into the second half.
The percentage change of actual net income attributable to owners of the parent compared to the forecast was larger than those of operating income and ordinary income. This was due to the gap between actual income taxes and estimation which we made for the previous forecast.
Benesse Holdings left its earnings outlook for the fiscal year unchanged from the previous forecast for the reason that the difference between the forecast and actual results in the first half was mainly attributable to a shift in the timing for recording expenses.
Benesse Corporation published this content on 31 October 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 October 2016 06:22:06 UTC.
Original documenthttp://blog.benesse.ne.jp/bh/en/ir_news/m/uploads/pdf/news_20161031_en.pdf
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Benesse Holdings Inc is a holding company engaged in the provision of education services. The Company operates in four segments. Domestic Education segment operates personal coaching schools and private preparatory schools, and provides practice tests for university entrance exams and English proficiency exams. Global Kodomo Challenge segment conducts correspondence education courses for young children and related businesses. Nursing Care and Childcare segment conducts in-home care service business, home-based care service business, outpatient care service business and others. Berlitz segment conducts language education business, global human resource development business and others.