ZENRIN Co., Ltd. announces the forecast for results of operations released on April 28, 2022 was revised as follows in light of recent business performance.
●Revision of Forecast for Results of Operations
Revision of Forecast Figures for Consolidated Results of Operations in the First 2 Quarters of Fiscal 2023 [from April 1, 2022 to September 30, 2022]
Profit
Net sales
Operating
Ordinary
attributable to
Earnings
income
income
owners of
per share
parent
million yen
million yen
million yen
million yen
yen
Previous forecast [A]
26,200
(400)
(300)
0
0.00
Revised forecast [B]
25,900
(980)
(980)
(700)
(12.94)
Amount of increase (decrease) [B − A]
(300)
(580)
(680)
(700)
Rate of increase (decrease)
(1.1%)
－
－
－
Reference
Results for same period of previous year
25,880
(456)
(322)
(80)
(1.47)
[the First 2 Quarters of fiscal 2022]
Reasons for Revision
For the first 2 quarters of fiscal 2023, net sales are expected to fall short of the previous forecast.
This is mainly due to a decrease in sales of data for car navigation systems in the automotive-related business due to the impact of automobile production adjustments and other factors, despite an increase in sales of IoT-related solution services.
In terms of profit and loss, each income is expected to fall short of the previous forecast due to the impact of the decrease in sales, changes in the composition of sales, and a loss on valuation of investment securities.
Furthermore, the full-year forecast of fiscal 2023 is currently under review.
Disclaimer: The above forecast for results of operations is prepared based on information currently available to ZENRIN Co., Ltd. as of the date of announcement of this document. Actual figures for results of operations may differ from the forecast figures due to various factors in the future.
This document has been translated from the Japanese original for reference purposes only.
In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
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Zenrin Co. Ltd. published this content on 24 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 October 2022 07:29:04 UTC.
ZENRIN CO., LTD. is a Japan-based company engaged in the development and sale of map database and general printed products, as well as the related business. The Company operates in two business segments. The Map Database Related segment is engaged in the manufacture and sale of house atlas, applied maps, house map database, map data for Internet service, data for car navigation, as well as the provision of services for smart phones. The General Printing Related segment is engaged in the manufacture and sale of general printed materials. In addition, the Company is also engaged in sale of purchased products, the editing and sending of direct mails, as well as the marketing solutions business.
ZENRIN CO., LTD. 
