Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, revised on March 31, 2020, effective from April 1, 2021) is newly applied to our sales and operating profit from FY2022
Accordingly, YoY changes for FY2022 (new standard) vs. FY2021 (old standard) are not presented
For Roland, Sales discount (~1% of sales) will be changed from "non-operating expenses" to "sales deductions"
As a result, Sales, Operating Profit, and OPM look lower than they were with the old standard, but there will be no impact on cash flow and net income
For your reference, YoY changes for FY2022 (old standard) vs. FY2021 (old standard) are presented
2
Executive Summary
FY12/2022
・Agile Response to Unexpected Environmental Changes in Europe and China ・Sales and Profits Increased YOY excluding the Accounting Change Impact
・Drum Workshop (DW) is Consolidated from Q4
FY12/2023 Forecast
・Plan to Increase Sales and Profits YOY from the Previous Year
・Through COVID-19, We Reaffirmed the Size of TAM of Music Creation
・Uncertainty remains but Growth will Continue via Demand Creation and Market Share Expansion
Shareholder return
・For FY12/2023, Plan to Pay a Cash Dividend (increased YOY) in line with Our Basic Policy
3
FY12/2022 Results
FY12/2023 Forecast
3 Shareholder return
Supplemental Information
4
FY12/2022 Results
FY12/2023 Forecast
3 Shareholder return
4 Supplemental Information
5
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Roland Corporation published this content on 13 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 February 2023 06:15:02 UTC.
Roland Corp is a Japan-based company mainly engaged in the electronic musical instrument business. The Company is engaged in the development, manufacture and sale of electronic musical instruments. The main products include electronic pianos, electronic drums, synthesizers, guitar related equipment, dance and disc jockey (DJ) related equipment, video related equipment, effectors, musical instrument amplifiers and others. The Company is also engaged in the development and sale of software products for music and media producers, the sale of headphone products, as well as the manufacture and sale of electronic organs.