Komori
Revision of earnings forecasts7762Citizen Watch Co.,Ltd.Electrical Equipment and Precision Instruments

Notice of the Difference Between the Cumulative Second-Quarter Consolidated Earnings Forecast and Results and the Revision of the Full-Year Consolidated Earnings Forecast

For the cumulative second quarter, sales were in line with the forecast, while operating profit, ordinary profit and quarterly net income attributable to owners of the parent exceeded the forecast. Accordingly, the full-year sales and operating profit forecasts were left unchanged, while the ordinary profit forecast was raised by ¥2.5 billion and the forecast for net income attributable to owners of the parent was raised by ¥1.0 billion.

Worth reading
63In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
2500
¥ million
Wording
Avoiding a definitive answer
How definitive the wording is.

Revised forecast

2024 年3月期 · Full yearPrevious forecast published 2023 年5月 12 日
Net Sales310,000→310,000million
0.0%
Operating profit25,000→25,000million
0.0%
Ordinary income26,000→28,500million
+9.6%
Profit attributable to owners of the parent20,000→21,000million
+5.0%
Net income per share77.32→81.19yen and sen
+5.0%

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

時計事業が欧州を中心に海外市場で好調に推移したこと、想定より円安が進行して為替差益が発生したことによる第2四半期累計の上振れや、想定為替レートの変更などを反映したため。

Previous-period results2023 年3月期:売上高301,366百万円、営業利益23,708百万円、経常利益29,096百万円、親会社株主に帰属する当期純利益21,836百万円、1株当たり当期純利益75.25円
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales¥310,000 million → ¥310,000 million(0.0%)
Operating profit¥25,000 million → ¥25,000 million(0.0%)
Ordinary income¥26,000 million → ¥28,500 million(+9.6%)
Profit attributable to owners of the parent¥20,000 million → ¥21,000 million(+5.0%)
Net income per share77.32 yen and sen → 81.19 yen and sen
Fiscal Period Covered2024 年3月期
Period CoveredFull year
Publication date of previous forecast2023 年5月 12 日
Previous-period results2023 年3月期:売上高301,366百万円、営業利益23,708百万円、経常利益29,096百万円、親会社株主に帰属する当期純利益21,836百万円、1株当たり当期純利益75.25円
Reason for the revision時計事業が欧州を中心に海外市場で好調に推移したこと、想定より円安が進行して為替差益が発生したことによる第2四半期累計の上振れや、想定為替レートの変更などを反映したため。
Consolidated / non-consolidatedConsolidated
Items this document does not state (2)
Details and amount of extraordinary lossDividend forecast revision

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.

時計事業が欧州を中心とする海外市場で好調に推移したこと、想定以上の円安により為替差益が発生したこと、第2四半期累計の上振れと想定為替レートの変更を通期予想に反映したこと。

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.
Notice of the Difference Between the Cumulative Second-Quarter Consolidated Earnings Forecast and Results and the Revision of the Full-Year Consolidated Earnings Forecast | Citizen Watch Co.,Ltd. (7762) timely disclosure | Komori