Nippon Sanso Holdings Corporation ("NSHD") hereby announces that in light of Non-recurring item occurred in the first quarter of fiscal year ending March 31, 2023, its consolidated earnings forecasts announced on May 11, 2022 for the full term of fiscal year ending March 31, 2023(April 1, 2022-March 31, 2023), were revised as follows.
1. Consolidated Earnings Forecast Revisions for Fiscal Year 2023 (April 1, 2022 - March 31, 2023)
Core
Operating
Net income
Basic
Revenue
operating
Net income
attributable to
earnings
income
income
owners of the parent
per share
(¥ million)
(¥ million)
(¥ million)
(¥ million)
(¥ million)
(Yen)
Previous forecast (A)
950,000
107,000
107,500
69,000
67,000
154.82
Revised forecast (B)
950,000
107,000
105,000
67,000
65,000
150.18
Increase (decrease) (B-A)
0
0
(2,500)
(2,000)
(2,000)
% change (%)
0.0
0.0
(2.3)
(2.9)
(3.0)
(Reference)
Previous results
957,169
102,710
101,183
66,637
64,103
148.13
(April 1, 2021 - March 31, 2022)
2. Reasons for the Revisions
A subsidiary of the NSHD group had been in the process of arbitration with a landlord of several leased properties disputing over a significant rental rate increase alleged by the landlord since December 2020.
Subsequently, in June 2022, the arbitrator passed down the decision in favor of the landlord's rent revision. As a result, the unpaid rent for prior periods was booked as an expense of Non-recurring item in the first quarter of the fiscal year ending March 31, 2023. Thus, Operating income, Net income and Net income attributable to owners of the parent are expected to decrease.
There is no change in the dividend from the forecast announced on May 11, 2022 (¥18 per share).
(Note) The earnings forecasts above are based on information available as of the announcement date of this press release. Actual earnings results may differ from the forecasts depending on a variety of factors going forward.
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Nippon Sanso Holdings Corporation published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 06:23:03 UTC.
Nippon Sanso Holdings Corp is a Japan-based company engaged in the manufacture and sale of gas and related equipment. The Company operates in five segments which are Japan Gas segment, the United States Gas segment, the Europe Gas segment, the Asia and Oceania Gas segment, and the Thermos segment. The Company provides gas products, including oxygen, nitrogen, argon, carbon dioxide, helium, hydrogen, acetylene, medical gas, liquefied petroleum (LP) gas and special gas; equipment and materials, including electronic related equipment, fusing equipment, semiconductor manufacturing equipment, welding materials, medical equipment, air separation equipment; the assembling, processing, inspection and maintenance of electronic components; and stainless steel thermos bottles.
NIPPON SANSO HOLDINGS CORPORATION 
