ShinMaywa Industries : Notice of Difference between Consolidated Earnings Forecast and Actual Results and Revision of Dividend Forecast (Dividend Increase)
May 08, 2023
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May 9, 2023
Company name: ShinMaywa Industries, Ltd.
Representative: Tatsuyuki Isogawa, President and Chief Executive Officer (Code number: 7224; Tokyo Stock Exchange, Prime Market)
Head Office:1-1Shinmeiwa-cho,Takarazuka-shi, Hyogo
Contact: Toshiki Kume, Director, Member of the Board,
Managing Executive Officer (TEL: +81-798-56-5010)
Notice of Difference between Consolidated Earnings Forecast and Actual Results and
Revision of Dividend Forecast (Dividend Increase)
ShinMaywa Industries, Ltd. (the "Company") hereby announces that the difference between the consolidated earnings forecast for the fiscal year ended March 31, 2023, announced on February 2, 2023, and the actual results announced today, as described below.
The Company also announces that the Board of Directors held a meeting on May 9, 2023 and decided to revise (increase) the year-end dividend forecast for the fiscal year ended March 31, 2023.
1. Difference between consolidated earnings forecast and actual results
Difference between consolidated earnings forecast and actual results for the fiscal year ended March 31, 2023 (April 1, 2022 - March 31, 2023)
Net income
Net sales
Operating
Ordinary
attributable
Net income
profit
profit
to owners of
per share
the parent
Previously
Million yen
Million yen
Million yen
Million yen
Yen
announced forecast
222,000
8,000
8,700
5,600
84.96
(A)
Actual (B)
225,175
9,293
9,902
7,313
111.00
Change (B-A)
3,175
1,293
1,202
1,713
Rate of change (%)
1.4
16.2
13.8
30.6
Reference: Results
for the previous
year
216,823
10,569
11,821
6,907
104.96
(Fiscal year ended
March 2022)
(2) Reasons for difference
Net sales exceeded the forecast primarily due to strong sales in the Industrial Machinery & Environmental Systems segment.
１
Operating profit and ordinary profit exceeded the forecast due to increased sales and cost reductions.
Net income attributable to shareholders of the parent exceeded the earnings forecast due to an increase in ordinary profit and a decrease in tax expenses.
2. Revision of the dividend forecast
(1) Details of the revision
Annual dividend (per share)
Interim
Year-end
Full-year
Previous forecast
21.00 yen
42.00 yen
Revised forecast
24.00 yen
45.00 yen
Results for the
21.00 yen
fiscal year
Results for the
previous year
19.00 yen
23.00 yen
42.00 yen
(Fiscal year ended
March 2022)
(2) Reason for revision
In its three-yearmedium-term management plan ending in FY2023, the Company set the target level of shareholder returns at a consolidated dividend payout ratio of 40-50%.
Based on this, the Company has revised its year-end dividend forecast for the fiscal year ended March 31, 2023 to 24 yen per share (previous forecast was 21 yen per share) in light of the consolidated financial results for the fiscal year ended March 31, 2023 announced today.
As a result, the annual dividend for the current fiscal year, including the interim dividend, will be 45 yen per share (consolidated dividend payout ratio: 40.5%).
(End of document)
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ShinMaywa Industries Ltd. published this content on 09 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 May 2023 03:19:05 UTC.
ShinMaywa Industries, Ltd. is mainly engaged in the aircraft business, the special vehicle business and other businesses. The Company operates in four segments. The Aircraft segment provides aircrafts, including rescue flying-boats and training support aircrafts, and aircraft parts. The Special Vehicle segment provides dump trucks, tail gate lifters, desorption body trucks, garbage cars and other special vehicles, as well as related parts. The Industrial Equipment and Environment System segment provides submersible pumps, water processing-related facilities and equipment, automatic electric cable processors, film formation equipment, direct drive motors, refuse transfer stations and others. The Parking System segment provides mechanical parking systems and boarding bridges for passenger aircrafts. The Company also involves in the construction of waste disposal facilities, the real estate and software development businesses.
ShinMaywa Industries : Notice of Difference between Consolidated Earnings Forecast and Actual Results and Revision of Dividend Forecast (Dividend Increase)
SHINMAYWA INDUSTRIES, LTD. 
