SUMIDA: Investor News

Notice of Revision of FY2020 Consolidated Full-year Earnings Forecast

October 30th 2020 Press Release

SUMIDA CORPORATION (hereafter “the Company”) announces a revision of its consolidated full-year earnings forecast (January 1, 2020 - December 31, 2020) which was published on July 31, 2020.

  1. Revision to consolidated full-year earnings forecast
    (Jan 1, 2020–December 31, 2020)

     (million JPY) Sales Operating
    Income
    Ordinary
    Income
    Profit
    Attributable to 
    Owners of the Parent
    Basic Earnings per Share
    (yen)
    Previous Forecast (A) 77,700
    ~80,200
    △220
    ~560
    △1,400
    ~△620
    △980
    ~△270
    △34.09
    ~△9.94
    Revised Forecast (B) 83,300 1,300 0 0 0.00
    Change (B) - (A) 3,100
    ~5,600
    740
    ~1,520
    620
    ~1400
    270
    ~980
     
    Change %  3.9
    ~7.2
    132.1
    ~-
     
    (Reference)
    Previous Year Results (ended December 2019)
    94,283 3,543 2,184 1,582 58.36

    *Foreign currency exchange rates assumptions used in the forecast: 1 USD=108 JPY, 1 Euro=118 JPY

  2. Reasons for the Revision
    Several countries have lifted lockdown measures that were imposed due to the ongoing COVID-19 pandemic. As economic activities reopened, recovery could be observed in the sales revenue, as the demand in the automotive-related business is picking up with the support of policy responses implemented in several countries.

    Adding to the recovery of the sales revenue, the Company will continue to review its business processes etc. amid the ongoing COVID-19 pandemic and expects also profit-wise to exceed its previous forecast.

 

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