Notice of Revisions to Business Performance Forecasts and Dividend Forecast
TSUGAMI CORPORATION announces that the Company has made the following revisions to the forecasts that it announced on May 13, 2021 with respect to consolidated business performances for the first six months (April 1, 2021 - September 30, 2021) and the full year (April 1, 2021 - March 31, 2022) of the fiscal year ending March 31, 2022 and dividends.
1. Revisions to Business Performance Forecasts
Revision of Forecast for the first half of FY2021 (April 1, 2021 to September 30, 2021)
(Millionyen)
Revenue
Operating profit
Profit attributable to
Basic earnings
owners of parent
per share(yen)
Previous Forecast (A)
43,000
7,000
3,500
68.79
(announced on May 13, 2021)
Revised Forecast (B)
49,180
10,810
5,450
108.89
Change (B-A)
6,180
3,810
1,950
--
Change Ratio (%)
14.4
54.4
55.7
--
Results for the Previous Fiscal Year
26,457
2,995
1,279
24.71
(the year ended March31,2021)
Reasons for revision
Reason for the increase in revenue: Better-than-expected market conditions, particularly those in China.
Reason for the improvement in profitability: Mainly due to the effect of the increased revenue described above, supported by the public subsidy of approximately 400 million yen.
(2) Revision of Forecast for the first half of FY2021 (April 1, 2021 to September 30, 2021)
(Millionyen)
Revenue
Operating profit
Profit attributable to
Basic earnings
owners of parent
per share(yen)
Previous Forecast (A)
76,000
11,000
5,500
108.10
(announced on May 13, 2021)
Revised Forecast (B)
90,000
17,500
8,500
171.81
Change (B-A)
14,000
6,500
3,000
--
Change Ratio (%)
18.4
59.1
54.5
--
Results for the Previous Fiscal Year
61,662
9,533
4,917
95.21
(the year ended March31,2021)
Reasons for revision
The revisions to the full-year business performance forecasts reflect the business performance forecasts for the first six months and recent trends in orders.
2. Revision of dividend forecast
Dividends per share (yen)
End of the first half
End of the fiscal Year
Full year
Previous dividend forecast
14.00
14.00
28.00
(announced on May 13, 2021)
Revised dividend forecast
18.00
18.00
36.00
Dividend for the previous fiscal year
12.00
14.00
26.00
(ended March 31, 2021)
Reasons for revision
While the Company's basic stance is to pay stable dividends, it has decided to make the revisions shown above, taking into account the improved profitability presented in 1.
The above forecasts were made based on information available at the time of the announcement. Actual performance may differ materially from forecasts due to factors that may arise in the future.
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Tsugami Corporation published this content on 22 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2021 02:23:07 UTC.
TSUGAMI CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of automatic lathes, grinders, machining centers, rolling machines. The Company operates through Japan, China, India, Korea and other region five geography segments. The Company is also engaged in the related research and other services. The products include CNC precision automatic lathes, including independent opposed gang tool type, opposed gang tool type, gang-tool slede & turret and chuck work; CNC lathes, including M08JL8-II, M06JC-II; turning centers, including TMA8J, TMA8H and TMA8F; machining centers, including vertical machining centers and horizontal machining centers; grinding machines, including CNC cylindrical grinding machines and small grinding machines; rolling machines, including CNC precision rolling machines and precision rolling machines.
TSUGAMI CORPORATION 
