Gurunavi : Revised Full-Year Business Forecast for the Fiscal Year ending March 31, 2020
02/05/2020 | 02:44am EST
For immediate release
Name of Listed Company:
Listed Stock Exchanges:
Tokyo Stock Exchange
Akio Sugihara, President
Revised Full-Year Business Forecast for the Fiscal Year ending March 31, 2020
February 5, 2020 ̶Gurunavi, Inc. (the "Company") announces that it has revised its consolidated full-year forecast for the fiscal year ending March 31, 2020 (April 1, 2019 to March 31, 2020), in light of recent business performance. The previous forecast was announced on October 30, 2019.
1. Revised consolidated full-year forecast for the fiscal year ending March 31, 2020 (April 1, 2019 to March 31, 2020)
Revised forecast (B)
Rate of change (%)
Results for the fiscal year
ended March 31, 2019
2. Reasons of revision
Full-scale structural reforms and upfront investment based on the medium-term business policy scheduled for the second half of the fiscal year will be postponed to the next fiscal year. This is because we believe that sufficient preparation, such as improving the accuracy of measures through thorough analysis and verification of the current situation, will lead to maximization of results.
In addition, variable costs are expected to be lower than expected due to adequate control of variable costs by product.
The above forecast is based on information available at the time of this announcement and is subject to a number of uncertainties. Actual results could differ materially from this forecast due to changes in business conditions and other factors.
Gurunavi Inc. published this content on 05 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 February 2020 07:43:00 UTC