Downward Revision to Earnings Forecast in Light of COVID-19
First written in FY2020-Q3. 3 of 9 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2024-Q2.
0 other companies' latest entry also says "Advanced".
- FY2024-Q2AdvancedAnnual report
「Performance for the six-month cumulative period through the second quarter remained solid throughout. Although some large projects were pushed back to the third quarter, sales reached a record high, exceeding the same period of the previous year, when orders surged in anticipation of the transition of COVID-19 to Category 5. The operating profit margin improved by 1.5 percentage points from the previous fiscal year, and profit increased 15.9% year on year, resulting in solid performance. Orders for the large projects pushed back to the third quarter have been secured, and performance for the current fiscal year is expected to remain solid going forward,」
The company stated that although some large projects were pushed back to the third quarter, the related orders had been secured. Sales for the six-month cumulative period through the second quarter reached a record high, while the operating profit margin improved by 1.5 percentage points from the previous fiscal year. - FY2023Finalisation of variance between full-year actual results and the earnings forecastAnnual report
「Although sales were slightly below the earnings forecast due to projects being pushed back, operating profit exceeded the forecast because high-margin inkjet printing orders progressed steadily, related costs were not incurred due to the delay in executing the M&A, and personnel allocation at production sites was optimised, bringing labour costs below forecast.」
While full-year sales were slightly below the forecast because projects were pushed back, operating profit exceeded the forecast due to the order mix, the timing of the M&A execution and personnel allocation. - FY2023-Q3Progress in line with initial assumptionsAnnual report
「Meanwhile, an expansion in orders in the fourth quarter has been a longstanding trend. As in previous years, the company expects to secure large orders in the fourth quarter, and orders deferred from the third quarter are expected to materialise. Accordingly, performance is progressing in line with the initial assumptions.」
The company stated that performance was progressing in line with the initial assumptions, based on orders deferred from the third quarter to the fourth quarter and the large orders expected as usual each year. - FY2023-Q2AdvancedAnnual report
「Performance through the second quarter is progressing at a pace exceeding the initial assumptions.」
The company stated that performance through the second quarter was progressing at a pace exceeding the initial assumptions. - FY2022-Q3AdvancedAnnual report
「Although quarterly net income was affected by the special factor described above, sales, operating profit and ordinary profit are progressing broadly in line with the initial assumptions. As a large order has also been secured for the fourth quarter, the company aims to exceed its initial full-year assumptions.」
With sales, operating profit and ordinary profit progressing in line with the initial assumptions and a large order secured for the fourth quarter, the company reached the stage of aiming to exceed its initial full-year assumptions. - FY2022-Q2Progress exceeding initial assumptionsAnnual report
「Although quarterly net income was affected by the special factor described above, sales, operating profit and ordinary profit are progressing above the initial assumptions.」
While quarterly net income declined due to the special factor, sales, operating profit and ordinary profit are progressing above the initial assumptions. - FY2021Finalisation of variance from initial assumptionsAnnual report
「As a result, sales and operating profit were below the initial assumptions, while ordinary profit and net income were above them.」
For the full year, sales and operating profit were below the initial assumptions, while ordinary profit and net income exceeded them. - FY2020Finalisation of variance from the revised forecastAnnual report
「Sales were slightly below the revised earnings forecast, but profit exceeded the revised forecast as cost-consciousness took hold.」
Compared with the earnings forecast downwardly revised on 15 May, full-year actual sales were slightly below the forecast, while profit exceeded it. - FY2020-Q3First statedAnnual report
「In addition, as the stagnation of domestic economic activity was expected to continue due to COVID-19, the company downwardly revised its earnings forecast on 15 May.」
Assuming that the stagnation of domestic economic activity would continue, the company downwardly revised its earnings forecast on 15 May 2020.