FY2020 earnings forecast and expected improvement in profitability after completion of the Honjo redevelopment in FY2021
First written in FY2020-Q1. 2 of 4 entries say "Softened", first in FY2020-Q2. Latest entry: FY2020.
The whole theme swung hardest in 2021: 1 of 8 companies on the "Worse" side.
13 other companies' latest entry also says "Other".
- FY2020Some results exceeded forecasts, while the net loss widenedAnnual report
「As a result, results for the current consolidated fiscal year were revenue of ¥3,953 million, or 95.2% of the previous year, an operating loss of ¥40 million, compared with operating profit of ¥175 million in the previous year, an ordinary loss of ¥50 million, compared with ordinary profit of ¥175 million, and a net loss attributable to owners of the parent of ¥243 million, compared with net profit attributable to owners of the parent of ¥51 million.」
Compared with the FY2020-Q3 forecast of net sales of ¥3,865 million, an operating loss of ¥37 million, an ordinary loss of ¥50 million and a net loss of ¥231 million, actual net sales exceeded the forecast, while the operating loss and net loss attributable to owners of the parent were slightly worse than forecast. - FY2020-Q3SoftenedAnnual report
「For the consolidated fiscal year ending March 2020, the company forecasts net sales of ¥3,865 million, or 93.1% of the previous year, an operating loss of ¥37 million, compared with operating profit of ¥175 million in the previous year, an ordinary loss of ¥50 million, compared with ordinary profit of ¥175 million, and a net loss attributable to owners of the parent of ¥231 million, compared with net income attributable to owners of the parent of ¥51 million.」
The forecast was changed from FY2020-Q2 net sales of ¥4,272 million to ¥3,865 million, the operating loss from ¥3 million to ¥37 million, the ordinary loss from ¥17 million to ¥50 million, and the net loss from ¥202 million to ¥231 million. - FY2020-Q2SoftenedAnnual report
「For the consolidated fiscal year ending March 2020, the company forecasts net sales of ¥4,272 million, or 102.9% of the previous year, an operating loss of ¥3 million, compared with operating profit of ¥175 million in the previous year, an ordinary loss of ¥17 million, compared with ordinary profit of ¥175 million, and a net loss attributable to owners of the parent of ¥202 million, compared with net income attributable to owners of the parent of ¥51 million.」
The forecast was changed from net sales of ¥4,133 million, operating profit of ¥155 million, ordinary profit of ¥140 million and a net loss of ¥16 million presented in FY2020-Q1 to net sales of ¥4,272 million, while operating profit and ordinary profit became loss forecasts and the net loss deteriorated sharply to ¥202 million. The redevelopment work was scheduled for completion in November 2020, with the factors cited including the recognition of ancillary construction costs in selling, general and administrative expenses in addition to special losses such as building demolition costs. - FY2020-Q1First statedAnnual report
「For the consolidated fiscal year ending March 2020, the company forecasts net sales of ¥4,133 million, or 99.6% of the previous year, operating profit of ¥155 million, or 88.8%, ordinary profit of ¥140 million, or 80.2%, and a net loss attributable to owners of the parent of ¥16 million, compared with net income attributable to owners of the parent of ¥51 million in the previous year. All work on the redevelopment project is scheduled for completion in the fiscal year ending March 2021, when all commercial facilities covered by the redevelopment are scheduled to begin operations. This is expected to eliminate risks such as repair costs arising from building deterioration, and profitability is expected to exceed the results for the fiscal year ended March 2017, before construction of the redevelopment began.」
The company presented a forecast for the fiscal year ending March 2020 of net sales of ¥4,133 million, operating profit of ¥155 million, ordinary profit of ¥140 million and a net loss attributable to owners of the parent of ¥16 million. All construction for the Honjo redevelopment and the start of operations at all commercial facilities are scheduled for the fiscal year ending March 2021, which is expected to eliminate risks such as repair costs associated with aging buildings and result in profitability exceeding the results for the fiscal year ended March 2017.