Furukawa : Notice Concerning Revisions to Full-Year Non-Consolidated Fiancial Results Forecasts for the Fiscal Year Ended March 31, 2022
April 27, 2022 at 02:15 am EDT
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Note:This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
April 27, 2022
To whom it may concern:
Company name:
FURUKAWA CO., LTD.
Name of representative:
Minoru Nakatogawa, President and Representative Director (Securities code: 5715; Prime Market of the Tokyo Stock Exchange)
Inquiries:
Akira Mikage, General Manager, Accounting Department (Telephone: +81-3-6636-9502)
Notice Concerning Revisions to Full-Year Non-Consolidated Financial Results Forecasts for the Fiscal Year Ended March 31, 2022
FURUKAWA CO., LTD. (the "Company") hereby announces that in light of the most recent operating trends, it has revised the full-year non-consolidated financial results forecasts for the fiscal year ended March 31, 2022 disclosed on May 13, 2021, as described below.
1. Revisions to full-year non-consolidated financial results forecasts for the fiscal year ended March 31, 2022 (April 1, 2021 through March 31, 2022)
(Millions of yen)
Net sales
Operating profit
Ordinary profit
Profit
Basic earnings per share (Yen)
Previously announced forecasts (A) (Announced on May 13, 2021)
7,300
2,500
2,700
1,900
48.62
Revised forecasts (B)
7,600
3,000
3,600
2,900
74.70
Change (B-A)
300
500
900
1,000
Change (%)
4.1
20.0
33.3
52.6
(Reference) Actual results for the previous fiscal year
(Fiscal year ended March 31, 2021)
8,456
4,243
4,763
7,361
187.99
2.
Reason for revision to non-consolidated financial results forecasts
Comparing the revised forecasts for the full-year nonconsolidated financial results with the previously announced forecasts (announced on May 13, 2021), the main points are that expected net sales has increased due to an increase in dividend income from subsidiaries, and expected operating profit has increased. In addition, expected ordinary profit has increased due to the recording of foreign exchange gains, etc. and expected profit has increased due to the recording of a gain on sale of investment securities, etc. As a result, net sales, operating profit, ordinary profit and profit have each been upwardly revised.
A review of the full-year consolidated financial results is still in progress. If a matter requiring disclosure arises, the Company will make a prompt announcement.
Note:Forward-looking statements provided in this document, including financial forecasts, are based on the information currently available to the Company and certain assumptions considered reasonable. Such statements are included without any guarantee as to their future achievement. Actual results, etc. may differ materially from the forecasts depending on various factors.
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Furukawa Co. Ltd. published this content on 27 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2022 06:14:05 UTC.
FURUKAWA CO., LTD. mainly engages in industrial machinery business, rock drill business and other businesses. The Company operates in seven segments. The Industrial Machinery segment offers pumps, crushers and steel structures, among others. The Rock Drill segment provides rock drills, including hydraulic breakers, crushers and others. The Unic segment provides unic cranes, mini crawler cranes and others. The Metal segment provides copper, gold, silver, sulfuric acid and others. The Electronic segment provides high-purity metallic arsenic, crystal products and others. The Chemical segment offers crystal products, ferric polysulfate solution and others. The Real Estate segment involves in the trading and leasing of real estate.
FURUKAWA CO.,LTD. 
