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Revision of earnings forecasts6267GENERAL PACKER CO.,LTD.Machinery

Earnings Summary for the Fiscal Year Ended July 2021 [Japanese GAAP] (Consolidated)

Revenue and profit increased in the fiscal year ended July 2021, with operating profit, ordinary profit and net income reaching record highs. For the fiscal year ending July 2022, the company presented a forecast for lower revenue and profit, based on assumptions including a decline in demand due to COVID-19.

Worth reading
73In focus
Scored from 4 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
29.8
%
Wording
Avoiding a definitive answer
How definitive the wording is.

Revised forecast

Fiscal year ending July 2022 · Full year
Net Sales—→8,600million
—
Operating profit—→746million
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Ordinary income—→750million
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Profit attributable to owners of the parent—→520million
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The bar length represents the relative magnitude of change, based on the item that changed the most in this document.

Reason for the revision

The company expects uncertainty about the economic outlook due to COVID-19, lower customer demand for capital investment, a decline in the gross profit margin due to some low-margin projects, and higher selling expenses resulting from increased participation in trade shows and customer visits in Japan and overseas.

Details and amount of extraordinary loss

Loss on disposal of fixed assets: ¥5.228 million; impairment loss: ¥3.288 million; total extraordinary losses: ¥8.516 million

Previous-period resultsRevenue: ¥8,787 million; operating profit: ¥1,035 million; ordinary profit: ¥1,042 million; net income attributable to owners of the parent: ¥741 million; earnings per share: ¥419.43
Dividend forecast revisionThe annual dividend for the next fiscal year is expected to be ¥60, comprising an interim dividend of ¥25 and a year-end dividend of ¥35. There is no explicit statement that the dividend forecast was revised or left unchanged.
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net SalesNot disclosed → ¥8,600 million
Operating profitNot disclosed → ¥746 million
Ordinary incomeNot disclosed → ¥750 million
Profit attributable to owners of the parentNot disclosed → ¥520 million
Fiscal Period CoveredFiscal year ending July 2022
Period CoveredFull year
Previous-period resultsRevenue: ¥8,787 million; operating profit: ¥1,035 million; ordinary profit: ¥1,042 million; net income attributable to owners of the parent: ¥741 million; earnings per share: ¥419.43
Reason for the revisionThe company expects uncertainty about the economic outlook due to COVID-19, lower customer demand for capital investment, a decline in the gross profit margin due to some low-margin projects, and higher selling expenses resulting from increased participation in trade shows and customer visits in Japan and overseas.
Details and amount of extraordinary lossLoss on disposal of fixed assets: ¥5.228 million; impairment loss: ¥3.288 million; total extraordinary losses: ¥8.516 million
Dividend forecast revisionThe annual dividend for the next fiscal year is expected to be ¥60, comprising an interim dividend of ¥25 and a year-end dividend of ¥35. There is no explicit statement that the dividend forecast was revised or left unchanged.
Consolidated / non-consolidatedConsolidated
Items this document does not state (2)
Net income per sharePublication date of previous forecast

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Profit increased in the fiscal year ended July 2021 due to the revenue contribution from the packaging machinery business, an improvement in the gross profit margin and cost controls, mainly in selling expenses. For the fiscal year ending July 2022, the company expects uncertainty about the economic outlook due to COVID-19, lower customer demand for capital investment, a decline in the gross profit margin due to some low-margin projects, and higher selling expenses resulting from increased participation in trade shows and customer visits.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Earnings Summary for the Fiscal Year Ended July 2021 [Japanese GAAP] (Consolidated) | GENERAL PACKER CO.,LTD. (6267) timely disclosure | Komori