SUMIDA: Investor News

Notice on the Variation of the Consolidated Financial Results from Forecast

February 6th 2020
Press Release

We would like to inform you of the variances between the FY2019 consolidated financial results (January 1 to December 31, 2019) announced today and its forecast previously disclosed on October 30, 2019 when the third quarter 2019 financial results were announced. The variances are shown below.

1. Variances between forecast and actual of consolidated financial results for FY2019 (January 1 to December 31, 2019)


Sales Operating Profit Income Before Taxes Net Income attributable to owners of parent EPS
Forecast (A) 92,000 3,100 1,800 1,000 36.88
Actual (B) 94,283 3,543 2,184 1,582 58.36
Change (B-A) 2,283 443 384 582


Change % (B/A) 2.5 14.3 21.4 58.3


(ref.) Previous year’s actual (FY2018) 97,538 5,383 4,061 2,420 90.24


2. Reasons for variance

Sales for FY2019 were slightly better than the forecast on October 30, 2019. In terms of profits, both operating income and income before taxes exceeded the forecast due to costs reduction. Net income attributable to owners of parent was also higher than expected due to decrease of tax expenses stemming from recalculation of tax effects.