In light of recent business trends, we have revised our business forecast announced on May 12, 2021 as follows.
１．Forecast for the Fiscal Year ending March 31, 2022 (April 1, 2021 through March 31, 2022)
Net sales
Operating
Ordinary
Income
Net income
profit
profit
attributable to
per share
owners of the
parent
(Yen)
(Millions of Yen)
(Millions of Yen)
(Millions of Yen)
(Millions of Yen)
Previous Forecast（A）
60,000
7,200
7,050
4,300
444.70
Current Forecast（B）
53,000
5,000
4,900
3,750
387.82
Change（B－A）
△7,000
△2,200
△2,150
△550
―
Change（%）
△11.7%
△30.6%
△30.5%
△12.8%
―
Results of FY21 (*Ref)
55,186
6,604
6,836
3,513
363.41
Reasons for the revision of our business forecast
(Reasons of Revision of Earnings Forecast)
The re-spreading of the new coronavirus infection has significantly delayed the joint evaluation of new products with customers. Among the new products that we had planned to record sales for this fiscal year, the market launch of new products with high profit margins was significantly delayed.
In addition, for flat panel display equipment, disruptions in production plans due to delays in the delivery of semiconductor-related materials and the impact of the postponement of the period due to changes in customer delivery dates forced us to revise our sales plans.
(About our future initiatives)
The resolution of technical issues for new products is progressing under joint evaluation work with customers. The number of new product projects for which we expect to receive orders in the current fiscal year is increasing. In addition, we will make further efforts to accurately grasp customer trends and improve forecast accuracy to sell equipment for flat panel displays.
*Note: Above forecasts were prepared based on information available at this time and therefore actual results may be affected by a number of important factors and materially different from those discussed in forward-looking statements.
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V Technology Co. Ltd. published this content on 08 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2021 06:17:18 UTC.
V Technology Co., Ltd. is a manufacturing company. The Company is mainly engaged in the development, design, manufacture and sale of inspection systems, repair systems and measuring systems used for the manufacture of flat panel display (FPD), such as liquid crystal display (LCD) and plasma display panel (PDP). Through its subsidiaries, the Company is also engaged in the provision of product sales support service and maintenance service, as well as the sale of consumable parts. As of March 31, 2014, the Company had three subsidiaries and one associated company.
V TECHNOLOGY CO., LTD. 
