[Delayed]Notice Concerning Revisions to Consolidated Financial Results Forecasts for the Six Months Ended September 30, 2021
November 11, 2021 at 03:26 am EST
Share
October 29, 2021
Company name:
ESPEC CORP.
Representative:
Masaaki Ishida, President
Listing:
Tokyo, Stock Exchange, First section
Securities code:
6859
Inquiries:
Keiji Oshima,
Chief Officer of Corporate Control Headquarters
Telephone:
+81-6-6358-4741
Notice Concerning Revisions to Consolidated Financial Results Forecasts
for the Six Months Ended September 30, 2021
ESPEC CORP. (the "Company") hereby announces that in light of the most recent operating trends, to revise the consolidated financial results forecasts for the six months ended September 30, 2021, announced on May 14, 2021, as described below.
1. Revision of financial forecasts
Revisions to consolidated financial results forecasts for the six months ended September 30, 2021 (from April 1, 2021 to September 30, 2021)
Profit
Basic
Operating
Ordinary
attributable
Net sales
earnings per
profit
profit
to owners of
share
parent
Previously announced
Millions of
Millions of
Millions of
Millions of
Yen
forecasts (A)
Yen
Yen
Yen
Yen
(May 14, 2021)
18,500
1,200
1,250
750
32.80
Revised forecasts (B)
17,500
390
470
230
10.21
Change (B-A)
(1,000)
(810)
(780)
(520)
Change (%)
(5.4)
(67.5)
(62.4)
(69.3)
(Reference)
Actual consolidated results
17,294
734
834
494
21.63
for the six months ended
September 30, 2020
2. Reasons for revisions
Although orders have significantly surpassed their target, the supply-demand balance for electronic components and related items has tightened around the world. As a result, the Company has been impacted by issues such as the extended postponement of product delivery dates due to procurement delays and rising materials prices. Accordingly, with regard to the consolidated financial results for the six months ended September 30, 2021, the Company regrets that it has had to revise its results forecasts as it now expects results to fall below its previously announced forecast figures.
Furthermore, the Company's full-year consolidated financial results forecast and dividend forecast for the fiscal year ending March 31, 2022, remain unchanged from the previously announced forecasts.
Note: It should be noted that the above financial forecasts were compiled based on the management's reasonable assessment of the information available at the time of the compilation, and may change due to factors that may arise in the future.
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Disclaimer
Espec Corporation published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 07:16:08 UTC.
ESPEC CORP. is a Japan-based company mainly engaged in the equipment business, service business and others. The Company operates in three business segments. The Equipment segment is engaged in the provision of environmental testing equipment, providing environmental test equipment for testing the effects of temperature, humidity, and other environmental factors on automobiles, communications, and other electronic components, energy device equipment, providing charge and discharge evaluation systems, and electrode drying device used in battery manufacturing process, as well as semiconductor-related devices. The Service segment is involved in the provision of after services, engineering services and contract testing services; the rental of environmental testing equipment. The Others segment is involved in the environmental protection business and plant growing equipment business.
ESPEC CORP. 
