Kokuyo Co., Ltd. Provides Earnings Guidance for the Fiscal Year 2021
August 02, 2021 at 09:00 pm EDT
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Kokuyo Co., Ltd. provided earnings guidance for the fiscal year 2021. As for the analysis of sales compared to the previous year, overall sales are expected to increase by JPY 21.3 billion. Operating income is expected to increase by JPY 5.3 billion as a whole. In Japan, they expect to increase profits in each domain, and overseas, they also expect to increase profits, mainly in global stationery. They plan to decrease profits by JPY 1.1 billion due to the impact of increasing adjustment expenses, especially in terms of corporate expenses, which includes the increases in new businesses and DX-related strategic expenses.
KOKUYO CO., LTD. is a Japan-based manufacturing company primarily offering stationery and furniture products. The Company operates in three segments. The Stationery-related segment manufactures, purchases and sells stationery products and business supplies. The Furniture-related segment manufactures, purchases and sells office furniture, space design and consultation business. The Mail-order and Retail segment is engaged in the mail-order sales of office products and the sale of interiors and household goods.