MTI : Notice Extraordinary Loss and Differences between Forecasts and Actual Results for the Full-Year
November 04, 2020 at 06:51 am EST
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MTI Ltd. (hereinafter the 'Company') announces that the Company will post extraordinary losses as stated below for the fourth quarter of the fiscal year ending September 30, 2020 (from July 1, 2020 to September 30, 2020). Details are as follows.
In addition, the Company announces that differences have arisen between the earnings forecast for the full-year which the Company announced on April 30, 2020, and actual operating performance.
1.Posting of Extraordinary Losses
The Company will post an extraordinary losses of 1,594 million yen on a consolidated basis and extraordinary losses of 1,786 million yen on a non-consolidated basis.
（Breakdown of consolidated extraordinary losses for the fourth quarter）
Impairment loss
1,391 million yen
Loss on retirement of non-current assets
110 million yen
Loss on valuation of investment securities
92 million yen
Loss on sales of non-current assets
0 million yen
（Breakdown of non-consolidated extraordinary losses for the fourth quarter）
Impairment loss
811 million yen
Loss on valuation of shares of subsidiaries
593 million yen
Loss on valuation of shares of subsidiaries and associates
232 million yen
Loss on valuation of investment securities
92 million yen
Loss on retirement of non-current assets
55 million yen
Loss on sales of non-current assets
0 million yen
2. Revision of the consolidated results forecast
(1) Differences between forecast and actual results for the year ending September 30, 2020
(October 1, 2019 - Seotember 30, 2020）
（Unit:Millions of yen）
Net sales
Operating income
Ordinary income
Profit attributable to owners of parent
Net income per share
Previous announced
forecast（A）
26,000
2,500
2,400
1,700
31.12
Actual（B）
26,082
2,507
2,082
506
9.28
Differences（B-A）
+82
+7
(317)
(1,193)
Differences（%）
+0.3%
+0.3%
(13.2)%
(70.2)%
（Reference）
Actual results in the previous fiscal year
(For the first half of the fiscal year ended September 30, 2019)
27,112
2,959
3,134
1,508
27.57
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MTI Ltd. published this content on 04 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2020 11:50:04 UTC
MTI Ltd. is a Japan-based company mainly engaged in the distribution of contents. The Company is mainly engaged in the distribution of mobile phone contents, including music, life information and entertainment contents. Through its consolidated subsidiaries and associated companies, the Company is also engaged in the operation of advertising agents and the development of software, and the provision of billing and payment platform. The Company is also engaged in the planning, development and operation of Internet business, as well as the research and development of medical information systems.
MTI LTD. 
