Notice of Revisions to Business Performance Forecasts
TSUGAMI CORPORATION announces that it has revised the business performance forecasts for the first half of FY2020 announced on May 27, 2020. Details are as follows:
1. Revision of Forecast for the first half of FY2020 (April 1, 2020 to September 30, 2020)
(Millions of yen)
Revenue
Operating profit
Profit attributable to
Basic earnings
owners of the parent
per share (yen)
Previous Forecast (A)
24,000
2,100
1,200
23.20
(announced on May 27, 2020)
Revised Forecast (B)
26,460
3,000
1,280
24.72
Change (B-A)
2,460
900
80
--
Change Ratio (%)
10.3
42.9
6.7
--
Results for the first half of FY2019
27,396
2,889
1,295
24.97
(the year ended March 31, 2020)
2. Reasons for Revision
Duringthefirsthalfofthecurrentyear,themarket continuedtoundergoadjustmentsinJapan,EuropeandNorthAmerica, partly due to the impact of COVID-19. On the other hand, reflecting a modest recovery in China, coupled with an increase in orders with short lead times, business performance is expected to surpass the forecast announced on May 27, as shown above. A rise in revenue with contribute to an increase in operating profit.
In regardsto thebusiness performanceforecasts fortheentire fiscal yearendingMarch 2021,should themarket conditions and trends create a need to revise the forecasts, the revisions will be disclosed at the time of the announcement of results for the first half of FY2020 (scheduled for November 12, 2020).
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 16 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 October 2020 04:09:02 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 
