Notice of Revisions to Business Performance Forecasts and Dividend Forecast
TSUGAMI CORPORATION announces that it has revised the consolidated business performance forecasts for fiscal 2020 (April 1,2020 to March 31, 2021) and dividend forecast announced on November 12, 2020 and May 27, 2020, respectively.
1. Revision of Forecast for the FY2020 (April 1, 2020 to March 31, 2021)
(Millionyen)
Revenue
Operating profit
Profit attributable to
Basic earnings
owners of parent
per share(yen)
Previous Forecast (A)
55,000
6,500
2,800
54.04
(announced on November 12, 2020)
Revised Forecast (B)
61,700
9,560
4,930
95.44
Change (B-A)
6,700
3,060
2,130
--
Change Ratio (%)
12.2
47.1
76.1
--
Results for the Previous Fiscal Year
49,310
4,549
2,001
38.60
(the year ended March31, 2020)
Reasons for revision
Revenue rose due to the faster-than-expected progress in market recovery, particularly in China.
Profits increased mainly due to public subsidies amounting to approximately 500 million yen (in Japan and China), in addition to the above-mentioned effect of higher revenue.
2. Revision of dividend forecast
Dividends per share (yen)
End of the first half
End of the fiscal Year
Full year
Previous dividend forecast
--
12.00
24.00
(announced on May 27, 2020)
Revised dividend forecast
--
14.00
26.00
Dividend for the Period
12.00
--
--
Dividend for the previous fiscal year
12.00
12.00
24.00
(ended March 31, 2020)
Reasons for revision
Taking the industry's specificity into account, the Company's basic policy is to pay dividends stably. Now, in light ofthe aforementioned increase in profits, it will revise the initial year-end dividend forecast per share upwards by 2 yen to 14 yen.
As a result, the annual dividend payment per share will increase from the initial forecast of 24 yen to 26 yen.
The above forecasts were made based on information available at the time of the announcement. Actual performance may differ materially from forecasts due to factors that may arise in the future.
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Tsugami Corporation published this content on 20 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2021 04:55:04 UTC.
TSUGAMI CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of automatic lathes, grinders, machining centers, rolling machines. The Company operates through Japan, China, India, Korea and other region five geography segments. The Company is also engaged in the related research and other services. The products include CNC precision automatic lathes, including independent opposed gang tool type, opposed gang tool type, gang-tool slede & turret and chuck work; CNC lathes, including M08JL8-II, M06JC-II; turning centers, including TMA8J, TMA8H and TMA8F; machining centers, including vertical machining centers and horizontal machining centers; grinding machines, including CNC cylindrical grinding machines and small grinding machines; rolling machines, including CNC precision rolling machines and precision rolling machines.
TSUGAMI CORPORATION 
