Tomy : Notice Concerning Revisions of Earnings Forecasts
May 15, 2017 at 04:18 am EDT
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(English Translation of the Japanese Press Release)
To all related parties:
May 9, 2017
Name of the Company: TOMY Company, Ltd. Name of the Representative: H.G. Meij
Representative Director President & CEO
(Code No. 7867; The First Section of the Tokyo Stock Exchange) Further Inquiries: Kazuhiro Kojima
Board Director
Executive Managing Officer & CFO Head of Corporate Administrations (TEL: 03-5654-1548)
Notice Concerning Revisions of Earnings Forecasts
TOMY Company, Ltd. (hereinafter "Tomy") hereby provides notification that, in light of its recent business performance trends, it has revised its full-year earnings forecasts for the fiscal year ended March 31, 2017 which were announced on February 7, 2017.
Revisions of consolidated earnings forecasts for the fiscal year ended March 31, 2017 (April 1, 2016 to March 31, 2017)
(millions of yen, except per-share data)
Net sales
Operating profit
Ordinary profit
Profit (loss) attributable to owners of parent
Basic earnings (loss) per share (yen)
Previously announced forecast (A)
164,000
7,000
7,000
4,000
46.31
Revised forecast (B)
167,600
7,700
7,800
5,300
61.05
Increase (Decrease) (B-A)
3,600
700
800
1,300
-
Increase (Decrease) percentage (%)
2.2%
10.0%
11.4%
32.5%
-
(Reference) Actual results for the fiscal year ended March 31, 2016
163,067
2,698
1,459
(6,703)
(78.74)
Reasons for revisions
The forecast for net sales has been upwardly revised to 167,600 million yen mainly due to the strong toy sales in the Japanese market. In addition, the forecasts for operating profit and ordinary profit have been upwardly revised from the previously announced forecast mainly due to the aforementioned increase in net sales.
Profit attributable to owners of parent has been upwardly revised due to not only the increase in ordinary profit but also income taxes being slightly lower than expected.
Dividend forecasts
The dividend forecast has not been changed as a result of these earnings forecasts. Tomy has already paid an interim dividend of 5 yen per share (at the end of the second quarter) and forecasts 5 yen per share for the year-end dividend (resulting in an annual dividend of 10 yen per share).
Note concerning forecasts of earnings, etc.
The forecast values that Tomy presents in this material have been determined based on information currently available to Tomy and are subject to a number of uncertainties. Accordingly, actual results may differ from the forecasted values due to the effect of future events.
End of notice
TOMY Company Ltd. published this content on 09 May 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 May 2017 08:17:13 UTC.
Original documenthttp://www.takaratomy.co.jp/english/release/pdf/i170515_en.pdf
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TOMY COMPANY, LTD. is a Japan-based company mainly engaged in the toy-related business. The Company is engaged in the design, development, manufacture and sale of toys, as well as the provision of toy development technology and sheared services. Through its subsidiaries, the Company is also engaged in the sale of toy peripheral products, as well as the leasing of real estate.