Notice Concerning Revisions to Financial Forecasts for the Fiscal Year Ending March 31, 2021
November 09, 2021 at 12:23 am EST
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November 9, 2021
Name of Company: Meiji Holdings Co., Ltd.
Name of Representative: Kazuo Kawamura, CEO, President and Representative Director Code Number: 2269, 1st Section, Tokyo Stock Exchange
Notice concerning Revisions to Financial Forecasts
for the Fiscal Year Ending March 31, 2022
Meiji Holdings Co., Ltd. today announces that we revised our earnings forecasts for the fiscal year ending March 31, 2022 (FY2021), announced on September 10, 2021, as described below.
1. Revised Forecasts of Consolidated Financial Results for the Fiscal Year Ending March 31, 2022 (April 1, 2021 to March 31, 2022)
Profit
Net sales
Operating
Ordinary
attributable to
Profit per
profit
profit
owners of
share
parent
millions of yen
millions of yen
millions of yen
millions of yen
yen
Previous forecasts (A)
1,019,000
106,000
107,500
95,000
654.73
Revised forecasts (B)
1,014,000
100,000
102,500
90,000
620.22
Change (B-A)
-5,000
-6,000
-5,000
-5,000
Percentage of change
-0.5
-5.7
-4.7
-5.3
(Reference)
1,191,765
106,061
110,176
65,655
452.52
Results for the fiscal year
ended March 31, 2021
(Note) The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020) is applied from the beginning of the first quarter of FY2021.
2. Reasons for Revisions
In the Food segment, the market correction that followed extraordinary demand during the previous year due to the impact of COVID-19 pandemic was larger than expected, becoming a factor that is stunting sales growth. Additionally, there is increasing risk that rising raw material prices and currency market fluctuations will constrain profits.
In light of these conditions, we revised the full-year consolidated earnings forecast for FY2021 announced in the Notice Concerning Recording Extraordinary Profit and Revisions to Financial Forecasts for the Fiscal Year Ending on March 31, 2022, which was released on September 10, 2021.
Financial forecasts indicated in these materials are based on information currently available to the Company and certain assumptions deemed to be reasonable. Actual financial results may change due to various factors.
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Disclaimer: This English translation is prepared for the readers' convenience. When there are any discrepancies between the original Japanese version and English translation version, the original Japanese version always prevails.
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Meiji Holdings Co. Ltd. published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 05:22:17 UTC.
Meiji Holdings Co., Ltd. is a diversified group organized around 2 areas of activity:
- manufacturing of food products (81.5% of net sales): infantile nutrition products, confectionery, dairy products, beverages, energetic products, frozen products, etc.;
- manufacturing of pharmaceutical products (18.5%): prescription drugs and OTC products.
MEIJI HOLDINGS CO LTD 
