Ichikoh Industries : Notice of Revision of Forecast on Earnings for FY2023
May 11, 2023 at 03:57 am EDT
Share
May 11, 2023
Name
Ichikoh Industries, Ltd.
Representative
Christophe Vilatte, Representative Director, President &
CEO
（Code: 7244 PrimeSec. of TSE）
Contact
Masaki Takamori, Corporate Planning Department GM
（TEL︓0463-96-1442）
Notice of Revision of Forecast on Earnings for FY2023
In light of recent business trends, the Board of Directors meeting held today has revised the earnings forecast announced on February 13, 2023 as follows.
Revision of Consolidated Earnings Forecast of the second quarter of the Term ending December 2023 (January 1, 2023 ~ June 30, 2023)
（in million yen）
Quarterly Net
Income
Quarterly Net
Operating
Ordinary
Attributable to
Net Sales
Income per
Income
Income
Shareholders of
Share
the Parent
Company
Previous Forecast（Ａ）
72,200
3,400
4,100
3,000
31.21 yen
Revised Forecast（Ｂ）
75,400
3,800
4,100
3,000
31.21 yen
Difference（Ｂ－Ａ）
3,200
400
0
0
Ratio（％）
4.4%
11.8%
0.0%
0.0%
(Ref) Results of Previous
2nd quarter of the Term
62,935
1,121
1,613
1,266
13.18 yen
ending December 2022
Revision of Consolidated Earnings Forecast of full Year of the Term ending December 2023
(January 1, 2023 ~ December 31, 2023)
（in million yen）
Net Income
Operating
Ordinary
Attributable to
Net Income per
Net Sales
Shareholders of
Income
Income
Share
the Parent
Company
Previous Forecast（Ａ）
138,200
6,000
7,500
5,500
57.22 yen
Revised Forecast（Ｂ）
143,500
6,400
7,200
5,300
55.14 yen
Difference（Ｂ－Ａ）
5,300
400
△300
△200
Ratio（％）
3.8%
6.7%
△4.0%
△3.6%
(Ref) Results of Previous
full of the Term ending
135,451
3,937
5,351
4,423
46.02 yen
December 2022
Reason for Revision
The Company revised the consolidated cumulative period for the second quarter of the fiscal year ending December 2023 and the full-year earnings forecast as above.
Net Sales and Operating Income are expected to increase based on the impact of the change in the execution date of the share transfer of Misato Industries, a mirror business subsidiary, as announced on May 1, 2023 and on the progress of pass-on of soaring cost.
On the other hand Ordinary Income and Net Income Attributable to Shareholders of the Parent Company are expected to decrease due to a decline in equity-method investment income from affiliates in China.
There is no change in the dividend forecast.
End
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Disclaimer
Ichikoh Industries Ltd. published this content on 11 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2023 07:56:05 UTC.
ICHIKOH INDUSTRIES, LTD. is a Japan-based company mainly engaged in the manufacture and sale of automobile components. The Company operates in two business segments. The Automotive Parts business segment is mainly engaged in manufacture and sales of automotive lighting products and mirror products to automobile manufacturers. The Supplies business segment is engaged in manufacture and sales of automotive valves and wipers mainly for the aftermarket.
ICHIKOH INDUSTRIES, LTD. 
