Fujitec Co., Ltd. revised consolidated earnings guidance for the year ending March 31, 2024. For the period, the company expects net sales to be 226,000 million against previous forecast of ¥223,000 million, operating income to be JPY 13,800 million against previous forecast of ¥13,400 million, profit attributable to owners of parent to be JPY 15,600 million against previous forecast of ¥10,400 million and net income per share to be JPY 200.02 against previous forecast of ¥133.38. Reasons for the revisions: As disclosed in Notice Concerning Transfer of Fixed Assets of Consolidated Subsidiary, published July 6, 2023, the company revised forecasts of net sales, operating income, ordinary income, and profit attributable to owners of parent to ¥226.0 billion, ¥13.8 billion, ¥15.5 billion, and ¥15.6 billion respectively.

This change in forecast is due to the recording of gain on sales of property, plant and equipment as special gain resulting from the transfer of fixed assets from consolidated subsidiary Fujitec (HK) Company Limited, as well as a review of assumed exchange rates.