Yamazen : Notice Regarding Earnings Forecast and Dividend Forecast
August 20, 2020 at 09:23 pm EDT
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August 7, 2020
Company name: YAMAZEN CORPORATION Representative: Yuji NAGAO, President, CEO (Code No. 8051; The first section of Tokyo Stock Exchange) Inquiries: Hayato HIRATA, Manager, IR & PR Dept.
TEL 06-6534-3095
Notice Regarding Earnings Forecast and Dividend Forecast
YAMAZEN CORPORATION (the "Company") hereby announces its forecasts of consolidated financial results and the dividend forecast for the year ending March 31, 2021, which were left undecided in Summary of Consolidated Financial Results for the Year Ended March 31, 2020 (Based on Japanese GAAP) released on May 14, 2020.
1. Earnings Forecast
Six months results forecast (April 1, 2020 to September 30, 2020)
Net sales
Operating
Ordinary
Profit attributable
Earnings per
profit
profit
to owners of parent
share
Previously announced
mil. JPY
mil. JPY
mil. JPY
mil. JPY
JPY
forecasts (A)
-
-
-
-
-
Revised forecasts (B)
200,000
3,000
3,000
1,950
20.66
Changes (B-A)
-
-
-
-
Percentage changes (%)
-
-
-
-
Reference: six months
results for fiscal year ended
242,862
6,290
6,209
4,036
42.69
March 31, 2020
(2) Full-year results forecast (April 1, 2020 to March 31, 2021)
Net sales
Operating
Ordinary
Profit attributable
Earnings per
profit
profit
to owners of parent
share
Previously announced
mil. JPY
mil. JPY
mil. JPY
mil. JPY
JPY
forecasts (A)
-
-
-
-
-
Revised forecasts (B)
420,000
8,000
8,000
5,200
55.10
Changes (B-A)
-
-
-
-
Percentage changes (%)
-
-
-
-
Reference: Full-year results
for fiscal year ended March
472,191
12,091
11,895
8,088
85.60
31, 2020
1
2. Reasons for earnings forecast
The Company initially left the consolidated earnings forecasts for the year ending March 31, 2021 undecided because of the difficulty in making a reasonable calculation due to the effect of the spread of the novel coronavirus disease (COVID-19).
Currently there are still no prospects for when the COVID-19 crisis will clear up and there has been an unavoidable impact on capital investment and the consumer mindset. Nevertheless, the Company has announced its forecast for the full-year results based on information that is currently available. Please note, however, that actual results could turn out to be considerably different from these results forecasts depending on the future impact of the spread of COVID-19. If it becomes necessary to announce revised forecasts due to the impact of future developments, the Company will promptly announce them.
3. Dividend forecast (fiscal year ending March 31, 2021)
Dividend per share
Second quarter-end
Fiscal year-end
Total
Previous forecast
-
-
-
Revised forecast
10.00 yen
-
-
Cash dividends paid for the
previous fiscal year (fiscal
16.00 yen
14.00 yen
30.00 yen
year ended March 31, 2020)
4. Reasons for dividend forecast
The Company seeks to maintain stable dividends on a continual basis from a long-term perspective while giving comprehensive consideration to the consolidated financial results, financial position, dividend payout ratio, etc. The Company has announced a divided per share forecast of 10.00 yen for the second quarter-end but continues to leave the year-end dividend undecided due to the uncertainty of the future impact of COVID-19. When such a calculation becomes possible, the Company will promptly announce the year-end divided forecast.
NOTE: The earnings forecasts, etc. above are based on available information as of the publication date of this material and the actual results, etc. may differ from forecasts due to various factors in the future.
END
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YAMAZEN Corporation published this content on 21 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 August 2020 01:23:04 UTC
YAMAZEN CORPORATION is a Japan-based company engaged in the sale of production goods, home building materials and household equipment products. The Company operates in three business segments. The Production Goods segment provides the machinery business and kiko business. The machinery business is engaged in the sale, import and export of machine tools, forging and sheet metal machines, machine tool peripherals. The kiko business is engaged in the sale, import and export of materials handling, mechatronics, environmental improvement equipment, cutting tools, steel processing machinery, air conditioning equipment. The Housing segment is engaged in the sale of kitchen appliances, cooking appliances, bathroom appliances, wash basins. The Household Equipment segment is engaged in the plan, development and sale of home appliances, interior goods, leisure and sports goods, pet supplies, gardening goods. The Company also provides event planning, travel mediation, storage business.