Komori
Revision of earnings forecasts7743SEED CO.,LTD.Electrical Equipment and Precision Instruments

Notice Regarding Revisions to Full-Year Earnings Forecasts and Recording of an Extraordinary Loss

The full-year earnings forecasts for the fiscal year ending March 2023 were revised for both the consolidated and non-consolidated results. On a consolidated basis, revenue, operating profit and ordinary profit were revised downward, while the forecast for profit attributable to owners of the parent was changed from a ¥320 million profit to a ¥330 million loss. On a non-consolidated basis, revenue was revised downward while profit forecasts were revised upward, and an impairment loss of ¥424 million was recorded on the intangible assets and goodwill of a subsidiary.

Worth reading
71In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
-650
¥ million (change in net income attributable to owners of the parent)
Wording
Conditional
How definitive the wording is.

Revised forecast

Fiscal year ended March 2023 · Full yearPrevious forecast published 10 May 2022
Net SalesConsolidated31,000→30,500million
-1.6%
Net SalesIndividual28,500→27,700million
-2.8%
Operating profitConsolidated820→620million
-24.4%
Operating profitIndividual1,100→1,440million
+30.9%
Ordinary incomeConsolidated700→540million
-22.9%
Ordinary incomeIndividual1,000→1,420million
+42.0%
Profit attributable to owners of the parentConsolidated320→-330million
-203.1%
Profit attributable to owners of the parentIndividual650→730million
+12.3%
Net income per shareConsolidated12.78→-13.18
-203.1%
Net income per shareIndividual25.97→29.16
+12.3%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.

Reason for the revision

個別では国産ワンデー製品の販売拡大、広告宣伝費・販売促進費の効率的運用、輸送コストの見直しにより利益を上方修正。連結では海外子会社を中心とした不良在庫の整理に伴う販売原価の上昇と、子会社の無形資産・のれんの減損損失計上により親会社株主に帰属する当期純利益を下方修正。

Details and amount of extraordinary loss

子会社における無形資産・のれんの減損損失:424百万円

Previous-period resultsConsolidated Net Sales 28,835 / Operating profit 1,177 / Ordinary income 1,138 / Profit attributable to owners of the parent 1,153 / Net income per share 46.09 / Individual Net Sales 26,127 / Operating profit 1,682 / Ordinary income 1,654 / Net income for the current fiscal year 1,507 / Net income per share 60.21
Dividend forecast revision修正なし(2023年3月期の期末配当は1株当たり12円)
Consolidated / non-consolidatedConsolidated/non-consolidated
Revised forecast
ItemDetails
Net SalesConsolidated 31,000 / Individual 28,500 → Consolidated 30,500 / Individual 27,700(Consolidated △1.6% / Individual △2.8%)
Operating profitConsolidated 820 / Individual 1,100 → Consolidated 620 / Individual 1,440(Consolidated △24.4% / Individual 30.9%)
Ordinary incomeConsolidated 700 / Individual 1,000 → Consolidated 540 / Individual 1,420(Consolidated △22.9% / Individual 42.0%)
Profit attributable to owners of the parentConsolidated 320 / Individual 650 → Consolidated -330 / Individual 730(Consolidated Not disclosed / Individual 12.3%)
Net income per shareConsolidated 12.78 / Individual 25.97 → Consolidated -13.18 / Individual 29.16
Fiscal Period CoveredFiscal year ended March 2023
Period CoveredFull year
Publication date of previous forecast10 May 2022
Previous-period resultsConsolidated Net Sales 28,835 / Operating profit 1,177 / Ordinary income 1,138 / Profit attributable to owners of the parent 1,153 / Net income per share 46.09 / Individual Net Sales 26,127 / Operating profit 1,682 / Ordinary income 1,654 / Net income for the current fiscal year 1,507 / Net income per share 60.21
Reason for the revision個別では国産ワンデー製品の販売拡大、広告宣伝費・販売促進費の効率的運用、輸送コストの見直しにより利益を上方修正。連結では海外子会社を中心とした不良在庫の整理に伴う販売原価の上昇と、子会社の無形資産・のれんの減損損失計上により親会社株主に帰属する当期純利益を下方修正。
Details and amount of extraordinary loss子会社における無形資産・のれんの減損損失:424百万円
Dividend forecast revision修正なし(2023年3月期の期末配当は1株当たり12円)
Consolidated / non-consolidatedConsolidated/non-consolidated

The reasons the company gives

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

個別では、「シード1daySilfa」やOEM供給の「シードAirGrade 1day UV W-Moisture」によるワンデー市場での売上伸長を図ったことに加え、広告宣伝費・販売促進費の効率的運用や輸送コストの見直しにより販売費及び一般管理費を削減したため、営業利益と経常利益を上方修正した。連結では、海外子会社を中心に不良在庫の整理を進めたことによる販売原価の上昇で損益が悪化し、子会社における無形資産・のれんの減損損失を計上したため、親会社株主に帰属する当期純利益を下方修正した。

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Notice Regarding Revisions to Full-Year Earnings Forecasts and Recording of an Extraordinary Loss | SEED CO.,LTD. (7743) timely disclosure | Komori