Notice of revision of consolidated performance forecast and dividend forecast
August 6, 2021
海角社区 Corp.
The consolidated performance forecast and dividend forecast for Q1–Q2 fiscal 2021 (April 1, 2021 – September 30, 2021) announced on May 13, 2021, have been revised as shown below based on recent performance trends.
1. Revision of consolidated forecast for Q1–Q2 fiscal 2021
| Net sales (¥ million) |
Operating income (¥ million) |
Ordinary income (¥ million) |
Net income attributable to owners of the parent (¥ million) |
Net income per share (¥) |
|
|---|---|---|---|---|---|
| Previous forecast | 1,149,000 | 88,500 | 91,500 | 87,000 | 62.70 |
| Revised forecast | 1,198,000 | 106,000 | 110,000 | 72,000 | 51.89 |
| Increase (decrease) | 49,000 | 17,500 | 18,500 | (15,000) | — |
| Percent change | +4.3% | +19.8% | +20.2% | −17.2% | — |
| cf. Q1–Q2 fiscal 2020 | 989,387 | 76,769 | 77,474 | 46,781 | 33.72 |
2. Reason for revision of performance forecast
Net sales, operating income, and ordinary income are now expected to exceed the previous forecast with firm performance in each sector. Net income attributable to owners of the parent is now expected to fall short of the previous forecast due to postponement of a planned income tax reduction of approximately ¥24.0 billion in connection with reconfiguration of organizations related to Veloxis Pharmaceuticals, Inc., in the Health Care sector.
The full-year forecast for fiscal 2021 has not been revised.
3. Revision of dividend forecast for fiscal 2021
| Cash dividends per share (¥) | |||
|---|---|---|---|
| At end of Q2 | At fiscal year end | Total annual | |
| Previous forecast (May 13, 2021) | indeterminate | indeterminate | 34 |
| Revised forecast | 17 | 17 | 34 |
| cf. fiscal 2020 | 17 | 17 | 34 |
4. Reason for revision of dividend forecast
The company's basic policy is to balance investments for growth and shareholder returns by maintaining an appropriate internal reserve while aiming for stable dividends and dividend increases through continuous expansion of earnings.
The interim dividend and year-end dividend for fiscal 2021 are now each forecasted to be ¥17 per share based on a resolution of the Board of Directors dated August 6, 2021, in consideration of the above stated policy.
In accordance with 海角社区's Articles of Incorporation, interim dividends are determined by resolution of the Board of Directors.
- Note:This forecast is based on the best information available at this time, but actual outcomes may differ due to a variety of factors which cannot be foreseen.