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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Seven & i Holdings Co., Ltd.    3382   JP3422950000

SEVEN & I HOLDINGS CO., LTD.

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Seven & i : Notice Regarding Business and Dividends Forecasts of Seven & i Holdings' Subsidiary

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08/07/2020 | 01:04am EDT

August 7, 2020

To whom it may concern:

Company name: Seven & i Holdings Co., Ltd.

Representative: Ryuichi Isaka, President and Representative Director

(Code No. 3382/First Section of the Tokyo Stock Exchange)

Notice Regarding Business and Dividends Forecasts of Seven & i Holdings' Subsidiary

Seven & i Holdings Co., Ltd. ("the Company") today announced that Seven Bank, Ltd., a consolidated subsidiary of the Company, has released its business and dividends forecasts for the fiscal year ending March 31,

2021 (April 1, 2020 through March 31, 2021) as shown in the attached sheet.

The impact of this matter on the consolidated results of the Company will be negligible.

(Attachment)

Reference: "Notice Regarding Business and Dividends Forecasts" (Materials released by Seven Bank, Ltd., as of August 7, 2020)

August 7, 2020

FOR IMMEDIATE RELEASE

Seven Bank, Ltd.

Notice Regarding Business and Dividends Forecasts

Seven Bank, Ltd. (hereinafter, the "Bank") hereby announces its business and dividends forecasts for the fiscal year ending March 31, 2021. The Bank had left these forecasts undetermined in its "Financial Results for the Fiscal Year Ended March 31, 2020 (Consolidated Data)" released on May 8, 2020.

1. Business forecasts

  1. Consolidated Financial Results Forecast for the Six Months Ending September 30, 2020 (From April 1, 2020, to September 30, 2020)

(Millions of yen, except Net Income per Share)

Net Income

Net Income per

Ordinary Income

Ordinary Profit

Attributable to

Share (yen)

Owners of the Parent

Previous forecast (A)

New forecast (B)

67,800

18,000

12,600

10.69

Change (B-A)

Percentage change (%)

[Reference]

74,509

20,145

13,047

11.01

Result for the six

months ended

September 30, 2019

*Foreign exchange rate assumption: US$1 = ¥108.00

  1. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2021 (From April 1, 2020, to March 31, 2021)

(Millions of yen, except Net Income per Share)

Net Income

Net Income per

Ordinary Income

Ordinary Profit

Attributable to

Share (yen)

Owners of Parent

Previous forecast (A)

New forecast (B)

134,200

32,800

23,000

19.51

Change (B-A)

Percentage change (%)

[Reference]

148,553

39,836

26,162

22.14

Result for the fiscal

year ended March 31,

2020

*Foreign exchange rate assumption: US$1 = ¥108.00

  1. Non-ConsolidatedFinancial Results Forecast for the Six Months Ending September 30, 2020 (From April 1, 2020, to September 30, 2020)

(Millions of yen, except Net Income per Share)

Ordinary Income

Ordinary Profit

Net income

Net Income per

Share (yen)

Previous forecast (A)

New forecast (B)

54,800

16,900

11,800

10.01

Change (B-A)

Percentage change (%)

[Reference]

60,204

23,218

14,291

12.06

Result for the six

months ended

September 30, 2019

  1. Non-ConsolidatedFinancial Results Forecast for the Fiscal Year Ending March 31, 2021 (From April 1, 2020, to March 31, 2021)

(Millions of yen, except Net Income per Share)

Ordinary Income

Ordinary Profit

Net income

Net Income per

Share (yen)

Previous forecast (A)

New forecast (B)

109,800

32,400

22,400

19.00

Change (B-A)

Percentage change (%)

[Reference]

120,275

45,013

27,675

23.42

Result for the fiscal

year ended March 31,

2020

2. Dividends forecasts

Dividends per Share (yen)

First Quarter

Second Quarter

Third quarter

Year-end

Annual

Previous forecast

New forecast

5.50

5.50

11.00

Dividends for the fiscal year

5.50

5.50

11.00

ended March 31, 2020

3. Reasons for announcing business and dividends forecasts

The Bank had left its business and dividends forecasts undetermined due to a number of uncertainties concerning the impact of COVID-19 pandemic on the Bank Group, which made it difficult for the Bank to calculate appropriate and reasonable forecasts. However, the Bank is announcing the business and dividends forecasts, which it has calculated upon taking into account the current business environment and performance trend as well as certain preconditions through the end of the current fiscal year.

But since uncertainties over the future remain as of the time of this announcement, there are still strong concerns of a second wave of the pandemic. In formulating the business and dividend forecasts, the Bank assumed further expansion and lengthening of the infection from the second quarter and presumed that the impact of voluntary restriction of actions and switching to the new lifestyle resulting from the further spread of COVID-19 would remain through the end of the current fiscal year. The Bank intends to make appropriate disclosure whenever there are any changes to the situation.

  • Statements related to business forecasts contained in this document are based on information currently available and certain assumptions considered to be reasonable. Actual results may differ significantly due to various factors.

Disclaimer

Seven & I Holdings Co. Ltd. published this content on 07 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2020 04:03:10 UTC


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Sales 2021 5 891 B 56 268 M 56 268 M
Net income 2021 143 B 1 363 M 1 363 M
Net cash 2021 523 B 4 992 M 4 992 M
P/E ratio 2021 19,7x
Yield 2021 3,11%
Capitalization 2 807 B 26 840 M 26 809 M
EV / Sales 2021 0,39x
EV / Sales 2022 0,39x
Nbr of Employees 57 270
Free-Float 83,2%
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Mean consensus BUY
Number of Analysts 13
Average target price 4 407,69 JPY
Last Close Price 3 179,00 JPY
Spread / Highest target 88,7%
Spread / Average Target 38,7%
Spread / Lowest Target 13,2%
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Managers
NameTitle
Ryuichi Isaka President & Representative Director
Yoshimichi Maruyama General Manager-Finance & Accounting
Katsuhiro Goto Representative Director & Executive Vice President
Junro Ito Director & Managing Executive Officer
Kimiyoshi Yamaguchi Director & General Manager-Corporate Communication
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