IR Japan : Announcement of Revision of Results Forecast for the Six Months Ending September 30, 2020 and for the Fiscal Year Ending March 31, 2021
July 30, 2020 at 11:05 pm EDT
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July 31, 2020
For Immediate Release
Company name:
IR Japan Holdings, Ltd.
Representative:
Shirou Terashita,
President and
Chief Executive Officer
(Securities code: 6035)
Contact:
Atsuko Furuta,
General Manager,
Corporate Planning Department
(Tel: +81-3-3519-6750)
Announcement of Revision of Results Forecast
for the Six Months Ending September 30, 2020 and for the Fiscal Year Ending March 31, 2021
Based on the current operating results, IR Japan Holdings, Ltd. ("the Company") today revised the consolidated results forecast for the six months ending September 30, 2020 and for the fiscal year ending March 31, 2021 (April 1, 2020 to March 31, 2021) announced on May 15, 2020 as follows.
1. Revision of the consolidated results forecast for the six months ending September 30, 2020 (April 1, 2020-September 30, 2020)
(Units: million yen unless otherwise stated)
Profit
Net sales
Operating
Ordinary
attributable to
Profit per
profit
profit
owners of
share (yen)
parent
Previous forecast (A)
―
―
―
―
―
Revised forecast (B)
4,350
2,218
2,218
1,505
84.78
Change (B − A)
―
―
―
―
―
Change (%)
―
―
―
―
―
(Reference)
Operating results
(for the six months
3,398
1,474
1,471
1,009
56.66
ended September 30,
2019)
2. Reason for the revision
For the consolidated results forecast for the six months ending September 30, 2020, the Company currently forecasts a 28.0% increase in net sales to ¥4,350 million and a 50.5% increase in operating profit to ¥2,218 million year on year. This is mainly due to the success of efforts to strengthen the front office structure that have been implemented since June, proxy fights by strategic buyers that will be completed by September 30, 2020, and a significant increase in the number of large-scale projects including PA and FA for responding to activists compared to the previous year.
1
3. Revision of the consolidated results forecast for the fiscal year ending March 31, 2021 (April 1, 2020-March 31, 2021)
(Units: million yen unless otherwise stated)
Profit
Net sales
Operating
Ordinary
attributable to
Profit per
profit
profit
owners of
share (yen)
parent
Previous forecast (A)
8,500 - 9,000
―
―
―
―
Revised forecast (B)
9,000 - 9,500
―
―
―
―
Change (B − A)
500 - 500
―
―
―
―
Change (%)
5.6 - 5.9
―
―
―
―
(Reference)
Operating results
7,682
3,626
3,611
2,445
137.32
(FY2019)
4. Reason for the revision
As of July 31, 2020, the Company has disclosed only its net sales forecast in ranges for the fiscal year ending March 31, 2021, due to the difficulty in reasonably estimating the extent of the future impact of the new coronavirus infection and forecasting the end of the pandemic at this time. The Company has revised the results forecast for the fiscal year ending March 31, 2021 upward from ¥8,500 million to ¥9,000 million that was announced on May 15, 2020, to ¥9,000 million to ¥9,500 million, in anticipation of steady growth in the SR services and an increase in large-scale projects in PA and FA investment banking business.
End of release
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Disclaimer
IR Japan Holdings Ltd. published this content on 31 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 July 2020 03:05:07 UTC
IR Japan Holdings, Ltd. is a Japan-based company mainly engaged in the consulting of investor relations (IR) and shareholder relations (SR) business. The Company provides three services. IR and SR Consulting service is involved in the provision of real shareholder investigation, voting rights simulation, proxy advisory, investment banking business, securities agency business, among others. Disclosure consulting service is involved in the provision of tool consulting to support planning and creation of various information disclosure materials, as well as the provision of legal documentation service to create various English disclosure documents and English translation of Japanese materials. Database and other service is involved in the provision of IR activity comprehensive support system named IR-Pro, the analyst network and others on the Website, as well as the provision of questionnaire service for individual shareholders named Kabunushi Hiroba.
IR JAPAN HOLDINGS, LTD. 
