Notification: Revision of FY19 Consolidated Financial Forecasts
July 27, 2020 at 03:35 am EDT
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July 27, 2020
Company Name:
Insource Co., Ltd.
Representative:
Takayuki Funahashi
Representative Director and CEO
(Code number: 6200, The First Section of the
Tokyo Stock Exchange)
Contact:
Shigeo Fujimoto
Director, Executive Officer and CFO
(Corporate Management Department)
（TEL.+81-(0)3-5259-0070）
Notification: Revision of FY19 Consolidated Financial Forecasts
Insource Co. has reviewed current trends in its performance and revised its sales and profits of FY19 Consolidated Financial Forecasts that were announced on May 14, 2020.
We conducted a 1.25-for-1 stock split of its common stock from September 1, 2019. "Earnings per share" is calculated on the assumption that the stock split was implemented at the beginning of the previous fiscal year.
The previous forecast was calculated based on the assumption that business activities would gradually return to normal in July and thereafter. We have recalculated this forecast in light of the fact that the recovery of sales has been slower than expected, although some business activities are gradually returning to normal. The actual results may differ from the forecast due to various factors.
2．Reasons for Revision
The results for the Q3 FY19 Cumulative Consolidated Financial Results were in line with our expectations at the time of the previous forecast. The Q4 Consolidated net sales are expected to be about 90% YOY, as a result of our assumptions in light of the ongoing corona crisis. FOR The full-year earnings forecast, net sales are expected to fall 6.0% to 5,160 million yen, operating income to fall 14.1% to 760 million yen, and ordinary income to fall 13.8% to 750 million yen from the previous forecast. The year-end dividend for FY19 is expected to be 18.50 yen per share, as initially planned.
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Insource Co. Ltd. published this content on 27 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2020 07:35:22 UTC
Insource Co.,Ltd. is a Japan-based company mainly engaged in providing rank-based training, skills-based training and related social people education services. Its educational services business segment includes lecturer dispatched training business, public lectures business, and other business. Lecturer dispatched training business provides training services by dispatching lecturers. Public lectures business provides online training service to customers. Other business engages in providing personnel support system Leaf, operation career transition support business Bizstage and providing human resources education-related services.
INSOURCE CO., LTD. 
