DyDo : Revision to Consolidated Financial Forecasts for FY2021
February 15, 2022 at 02:07 am EST
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February 15, 2022
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Company:
DyDo Group Holdings, Inc.
Representative:
Tomiya Takamatsu, President
(Code 2590 on the First Section of the Tokyo Stock Exchange)
Inquiries:
Naokazu Hasegawa, Corporate Officer
and General Manager of Corporate Communication Department
Revision to Consolidated Financial Forecasts for FY2021
DyDo Holdings has revised its forecast for the fiscal year ended January 2022 (January 21, 2021, to January 20, 2022) as follows to reflect the latest trends in its business performance.
1. Revision to Consolidated Financial Forecasts for FY2021(January 21, 2021, to January 20, 2022) (Millions of Yen)
Operating
Ordinary
Profit
Earnings
Net sales
Attributable to
profit
profit
per share
owners of parent
Prior Forecast (A)
164,500
4,200
4,300
2,600
166.46yen
Announced on March 4, 2021
Revised forecast (B)
162,600
4,580
5,650
3,950
252.73yen
Difference (B-A)
(1,900)
380
1,350
1,350
Difference (%)
(1.2)
9.0
31.4
51.9
(For ref.) Consolidated
158,227
5,602
5,727
3,204
201.31yen
Figures for FY2020
2. Reason for revision
Consolidated sales totaled 162.6 billion yen (up 2.8% from the previous fiscal year) even as the company's businesses continued to feel the impact of external factors including multiple states of emergency imposed to slow the spread of infection by the Japanese government during the COVID-19 pandemic and adverse weather during August and September. We expect positive operating profit thanks to efforts to limit increases in group-wide costs and other selling and administrative expenses.
We also expect ordinary profit and profit attributable to owners of the parent to exceed forecast values due to two factors specific to the fourth quarter: foreign exchange gains (of about 360 million yen) stemming from abrupt fluctuations in foreign exchange rates and gains on sale of non-current assets (of about 100 million yen) due to the sale of idle facilities related to our Turkish business.
Reflecting our policy of maintaining stable dividend payments, the dividend forecast announced on March 4, 2021, remains unchanged.
Note: Earnings forecasts are based on available information and the reasonable judgment of management at the time of this document's publication. Actual performance may differ materially from forecasts for a variety of reasons.
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DyDo Group Holdings Inc. published this content on 15 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2022 07:06:05 UTC.
DyDo Group Holdings, Inc., formerly DyDo DRINCO, INC. is a Japan-based company mainly engaged in the manufacture and sale of beverages. The Company operates through three business segments. The Beverage Sales segment is involved in the planning, development and sale of various soft drinks to consumers through convenience stores and vending machines. Through a consolidated subsidiary, this segment is also engaged in the manufacture and sale of drinkable preparations such as quasi drugs. The Contract Drink Manufacturing segment is engaged in the contract manufacture of drinkable preparations, including drugs and medicines, quasi drugs, as well as soft drinks. The Foods Manufacture and Sale segment is involved in the manufacture and sale of fruit jellies.