11/08/2018 | 05:49am EDT
November 8, 2018
Kintetsu World Express, Inc.
Notice of Differences between the Consolidated Earnings Forecasts and the Results for the First Six Months ended September 30, 2018, and
Revision of Earnings Forecasts
Kintetsu World Express, Inc. today announced differences between the consolidated earnings forecasts for the first six months of the fiscal year ending March 31, 2019, released on May 11, 2018, and the results announced today.
Also, we made the following revisions to our consolidated earnings forecasts for the fiscal year ending March 31, 2019, announced on May 11, 2018.
1. Differences between the Consolidated Earnings Forecasts and the Results for the First Six Months for the Fiscal Year Ending March 31, 2019 (April 1, 2018 - September 30, 2018)
(Millions of yen)
2. Revision of Consolidated Earnings Forecasts for the Fiscal Year Ending March 31, 2019 (April 1, 2018 - March 31, 2019)
(Millions of yen)
3. Reason of the differences and the revision
During the first six months ended September 30, 2018, net sales saw steady growth as a result of our group-wide efforts toward volume growth as well as continuing strong demand. Ordinary income and net income attributable to owners of the parent exceeded the initial plan due to recording of non-operating income including foreign exchange gains, which were not factored in.
In light of the results for the first six months and a recent upward trend in direct costs including freight costs, we have also revised the consolidated earnings forecasts for the year ending March 31, 2019 as above.
(Note) Cautionary Statement concerning Earnings Forecasts
The forecasts above are based on information currently available. Actual performance may differ from the above forecasts due to various factors.
KWE - Kintetsu World Express Inc. published this content on 08 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 November 2018 09:48:09 UTC
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