Espec : Notice Concerning Revisions to Consolidated Full-Year Financial Results Forecasts for the Fiscal Year Ending March 31, 2022
February 21, 2022 at 01:11 am EST
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February 10, 2022
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 Full-Year Financial Results Forecasts for the Fiscal Year Ending March 31, 2022
ESPEC CORP. (the "Company") hereby announces that it resolved at the Board of Directors meeting held on February 10, 2022, to revise the consolidated full-year financial results forecasts for the fiscal year ending March 31, 2022, as described below.
Description
1. Revision of financial results forecasts
Revision to consolidated financial results forecasts for the fiscal year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
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
(August 6, 2021)
42,200
3,300
3,400
2,400
106.89
Revised forecasts (B)
42,200
2,400
2,600
1,900
84.62
Change (B-A)
―
(900)
(800)
(500)
Change (%)
―
(27.3)
(23.5)
(20.8)
(Reference)Actual
consolidated results for the
previous fiscal year
38,668
2,572
2,840
1,961
85.79
(Fiscal year ended March
2021)
2. Reasons for revisions
Orders have significantly surpassed their target. However, based on the consolidated financial results for the nine months ended December 31,2021, and an increase in selling, general and administrative expenses associated with order growth, rising material prices and other factors, operating profit, ordinary profit, and profit attributable to owners of parent are now expected to fall the previously announced financial forecasts. Accordingly, the Company regrets that it has had to revise its results forecasts.
The Company's dividend forecast remains unchanged.
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 21 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 February 2022 06:10:11 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. 
