Notice concerning revision (upward revision) of full-year earnings forecast
Nippon Suisan Kaisha, Ltd. today announces that it has decided at the board of directors meeting held on February 4, 2022 to revise the earnings forecast for the fiscal year ending March 2022 (April 1, 2021 to March 31, 2022) upward as follows.
1. Revision of consolidated earnings forecast for the current fiscal year (April 1, 2021 to March 31, 2022) (Unit: Million yen)
Profit
Net Sales
Operating
Ordinary
attributable to
Earnings per
Profit
Profit
owners of
share
parent
Previous Forecast (A)
(Announced on
673,000
24,500
28,000
17,000
54.63 yen
November 5, 2021)
Revised Forecast (B)
690,000
27,000
33,000
18,000
57.84 yen
Difference (B - A)
17,000
2,500
5,000
1,000
-
Rate of Change (%)
2.5
10.2
17.9
5.9
-
(Reference) Previous
Actual Results (*)
615,044
17,998
22,670
14,391
46.25 yen
(FY ended March 2021)
"Accounting Standards for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. have been applied since the beginning of the first quarter of the current consolidated fiscal year. The actual results for the fiscal year ended March 2021 are the amounts after the relevant accounting
standards have been applied.
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2. Rationale for revision
In the current fiscal year, the marine and food products businesses are performing very well, partly due to the reactionary demand from the previous fiscal year, which was greatly affected by COVID-19. On the other hand, the current business environment is unpredictable due to the rapid expansion of Omicron variant and the increase in labor and raw material costs, but as efforts to strengthen the foundation are progressing, we revise the full-year earnings forecast announced on November 5, 2021.
(Note) The above forecast is based on the information currently available, and the actual results may change due to various factors.
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Nippon Suisan Kaisha Ltd. published this content on 04 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 February 2022 04:25:12 UTC.
Nissui Corporation (formerly Nippon Suisan Kaisha, Ltd.) is one of the Japanese largest food processing groups. Net sales break down as follows:
- manufacturing and sale of food products (48.9%): primarily frozen products and canned products;
- processing and sale of sea products (42%);
- manufacturing and sale of fine chemical products (3.9%): pharmaceutical raw materials, functional raw materials, functional foods, pharmaceutical products and clinical diagnostic products;
- transportation, cold storage and warehousing services (2.4%);
- other (2.8%): primarily construction, operating and repair of vessels.
Net sales are distributed geographically as follows: Japan (64.3%), North America (16.2%), Europe (15.9%) and other (3.6%).
NISSUI CORPORATION 
