OPTEX : Notice Regarding of Revision of Consolidated Financial Results Forecast for the First Half of Fiscal Year Ending December 31, 2022
July 28, 2022 at 02:58 am EDT
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July 28, 2022
To whom it may concern
Company:
OPTEX GROUP CO., LTD.
Representative:
Isamu Oguni, President & CEO
(TSE Prime Market: 6914)
Inquiries:
Iwao Shimokawa,
General Affairs Division Manager
Telephone:
+81-77-527-9861
Notice Regarding Revision of Consolidated Financial Results Forecast for the First Half of Fiscal Year Ending December 31, 2022
Based on recent performance trends, OPTEX Group Co., Ltd. (hereinafter, the "Company") announces the revision of its earnings forecasts, previously announced on February 14, 2022.
Details
1. Revision of Earnings Forecasts
Revision of the consolidated financial forecasts for the first half of FY2022 (Jan. 1-Jun. 30, 2022)
Profit
Net sales
Operating
Ordinary
attributable
Net income
income
income
to owners of
per share
parent
Previous Forecast (A)
(Million yen)
(Million yen)
(Million yen)
(Million yen)
(yen)
26,100
2,850
2,900
2,150
60.53
Revised Forecast (B)
27,241
3,590
4,297
3,120
87.85
Difference (B-A)
1,141
740
1,397
970
-
Difference (%)
4.4
26.0
48.2
45.1
-
(Reference) Consolidated results
22,750
2,520
2,841
1,921
53.13
for the first half of FY2021
2. Reason for the revision
Net sales were higher than the forecast levels in the mainstay SS Business for Europe and the United States, as well as those in the mainstay IA Business for Asia. Profits are also expected to exceed the forecast significantly due to an increase in net sales and strong sales of highly profitable products, as well as the impact of exchange rate fluctuations.
While recent strong inquiries are expected to continue, the impact of the present business environment, such as surges in raw material prices and logistics costs due to the globally tight supply-and-demand condition of semiconductors and electronic parts, among other items, on the Company's business activities is extremely uncertain. In light of this, the Company has decided to leave the previously released full-year forecast (announced on February 14, 2022) unchanged at this time.
If the Company decides that the full-year forecast needs to be revised, taking into account changes in the
external environment and earnings forecasts, it will promptly announce the revision.
(Note) The above forecasts are based on information available and certain assumptions that the Company deems reasonable at the time of the announcement. Actual operating results may differ from these projections due to various factors.
End.
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OPTEX Group Co. Ltd. published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 06:57:03 UTC.
OPTEX GROUP Company, Limited is a Japan-based company engaged in the development, design, manufacture and sale of various sensors, lightings and related systems. The Company operates through four segments. The Sensing Solution (SS) segment is engaged in the development, design, manufacture and sale of various sensors and related systems. Factory Automation (FA) segment is engaged in the development, design and sale of products for FA. The Machine Vision Lighting (MVL) segment is engaged in the development, manufacture and sale of the light-emitting diode (LED) lighting equipment and LED devices for image processing, LED lighting equipment for UV irradiators, and related control devices. Electronics Manufacturing Service (EMS) segment is engaged in contract manufacturing services of electronic equipment. It also operates sports club, and develops various systems, applications and digital content.