MITSUBISHI CORPORATION January 29, 2021
(Translation of report filed with the Tokyo Stock Exchange on January 29, 2021)
Notice Regarding Revised Forecast for Non-Consolidated Results for Fiscal Year Ending March 31, 2021
This notice serves to provide information on a revision of Nihon Shokuhin Kako Co., Ltd. (Nihon Shokuhin)'s non-consolidated results forecast for the fiscal year ended March 31, 2021.
Details are as follows.
1.
Differences between Nihon Shokuhin's forecast for the fiscal year ended March 31, 2021 that was announced on October 30, 2020 and its revised forecast that was announced today
(for period beginning on April 1, 2020 and ending on March 31, 2021)
Net Sales (million yen) | Operating Income (million yen) | Ordinary Income (million yen) | Net Income (million yen) | Net Income Per Share (yen) | |
Previous forecast (A) | 44,500 | 850 | 950 | 700 | 142.31 |
Revised forecast (B) | 44,700 | 1,300 | 1,350 | 1,000 | 203.30 |
Difference (B-A) | 200 | 450 | 400 | 300 | - |
Difference (%) | 0.4% | 52.9 | 42.1% | 42.9% | - |
Actual results (for fiscal year ended March 31,2020) | 45,265 | 11 | 284 | 238 | 48.52 |
2. Reasons for Differences
Based on Nihon Shokuhin's third quarter results for the fiscal year ended March 2021, it has revised its full-year forecast as indicated above. Actual third-quarter profits exceeded the October 30 forecast due to reductions in fuel and other production costs, as well as lower-than-anticipated selling, general and administrative expenses.
Nihon Shokuhin's expectations that its sales, operating income, ordinary income and net income will exceed its October 30 forecast come despite expectations for lower profits in the fourth quarter due to a sharp rise in the price of corn on the Chicago market, which counter expectations for a slight increase in sales over that same period.
3. Revision for Dividend Forecast
Annual Dividend | |||||
End quarterof 1st | End quarterof 2nd | End quarterof 3rd | End of Fiscal year | Total | |
Previous forecast ( October 30, 2020) | - | - | - | 50.00 yen | 50.00 yen |
Revised forecast | - | - | - | 70.00 yen | 70.00 yen |
Current year results | - | - | - | -- | -- |
Previous year results (for fiscal year ended March 31, 2020) | - | - | - | 25.00 yen | 25.00 yen |
Reason for Amendment
The year-end dividend has been revised to 70.00 yen per share in accordance with the upward revision of the full-year earnings forecast as stated above.
*The above forecasts are based on information currently available, but actual results may vary due to future circumstances.
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Disclaimer
Mitsubishi Corporation published this content on 29 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 February 2021 14:29:01 UTC.
