(Reference Translation)
May 10th, 2022
To whom it may concern,
Company Name: T&K TOKA CO., LTD.
Name of Representative: Yoshikatsu Masuda, President
(Code Number: 4636, TSE Prime Market)
Contact: Hideaki Sekine,
Department Manager, Finance Department (Phone: 03-3963-0511)
Notice Concerning the Differences Between Forecast and Actual Results
for the Fiscal Year Ended March 31st, 2022, and Provision for Allowance for Doubtful Accounts
Due to the following provision for allowance for doubtful accounts (selling, general and administrative expenses) recorded in the fourth quarter consolidated accounting period ended March 31st, 2022, there is a difference between the consolidated earnings forecast for the fiscal year ended March 31st, 2022 (announced on February 4th, 2022) and the actual performance results announced today.
Notice
1. Differences Between Forecast and Actual Results
The differences between forecast and actual results for the consolidated cumulative period for the fiscal year ended March 31st, 2022 (April 1st 2021 to March 31st, 2022)
Operating | Profit attributable to | Basic | |||
Net Sales | Ordinary profit | earnings per | |||
profit | owners of the parent | ||||
share | |||||
million yen | million yen | million yen | million yen | yen | |
Previously announced forecast (A) | 44,100 | 600 | 2,000 | 3,000 | 133.11 |
Results (B) | 44,456 | 228 | 1,992 | 2,651 | 117.64 |
Difference (B-A) | 356 | (371) | (7) | (348) | |
Rate of change (%) | 0.8 | (61.9) | (0.4) | (11.6) | |
(For reference) Results of | |||||
the previous fiscal year | 42,205 | 198 | 1,088 | 1,323 | 58.39 |
(Fiscal year ended | |||||
March 31st, 2021) | |||||
Reason for the differences |
With regards to net sales, demand remained steadier than expected, so the resulting net sales exceeded the forecast. With regards to profit, we worked on reducing expenses. On the other hand, as indicated below in 2., we recorded 449 million yen as an allowance for doubtful accounts in selling and general administrative expenses for the accounts receivable of our consolidated subsidiary in Indonesia, PT. Cemani Toka. As a result, the operating profit, ordinary
profit, and profit attributable to owners of the parent resulted in figures below the forecast.
2. Provision for Allowance for Doubtful Accounts (Selling and general administrative expenses)
The accounts receivable of our consolidated subsidiary, PT. Cemani Toka, experienced payment delays from some customers. As a result of determining the collectability on an individual basis, we recorded 449 million yen as an allowance for doubtful accounts in selling, general and administrative expenses with regards to the accounts receivable from the customers during the fourth quarter accounting period of the fiscal year ended March 31st, 2022.
END
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T&K Toka Co. Ltd. published this content on 10 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2022 08:21:09 UTC.