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RNS Number : 8355R Mitsubishi Corporation 31 October 2023
Translation of report filed with the Tokyo Stock Exchange on October 31, 2023
Notice Regarding Revision of Forecast for Non-Consolidated Results for
Fiscal Year Ending March 31, 2024 for Nihon Shokuhin Kako Co., Ltd.
Mitsubishi Corporation (MC) today announced that its consolidated subsidiary
Nihon Shokuhin Kako Co., Ltd. (Nihon Shokuhin) has provided information
regarding the revision of its forecast for non-consolidated results for the
fiscal year ending March 31, 2024.
The current situation is expected to have a negligible impact on MC's
consolidated performance.
Please see the attached documents from Nihon Shokuhin for details.
Translation of report filed with the Tokyo Stock Exchange on October 31, 2023
Notice Regarding Revised Forecast for Non-Consolidated Results
for Fiscal Year Ending March 31, 2024
This notice serves to provide information on a revision of Nihon Shokuhin Kako
Co., Ltd. (Nihon Shokuhin)'s non-consolidated results forecast for the fiscal
year ending March 31, 2024.
Details are as follows.
1. Differences between Nihon Shokuhin's forecast for the fiscal year
ending March 31, 2024 that was announced on April 28, 2023 and its revised
forecast that was announced today
(for period beginning on April 1, 2023 and ending on March 31, 2024)
Net Sales Operating Income Ordinary Income Net Income Net Income
(million yen)
(million yen)
(million yen)
(million yen)
Per Share
(yen)
Previous forecast (A) 66,000 1,800 2,000 1,700 345.63
Revised forecast (B) 66,500 3,000 3,300 2,700 548.95
Difference (B-A) 500 1,200 1,300 1,000 -
Difference (%) 0.8 66.7 65.0 58.8 -
Actual results 64,612 3,540 3,341 2,605 529.79
(for fiscal year ended March 31,2023)
Reasons for Revisions:
- Sales volume is expected to be much higher than expected, thanks
largely to strong sales of saccharified products for beverages, demand for
which increased due to the hot summer and resumption of economic activity.
- Sales are expected to decrease due to lower grain prices, Improving
production efficiency and reducing various costs.
- Based on the above, the full-year forecast for Sales, Operating
income, Ordinary profit and Net income are expected to exceed the previous
forecast.
2. Dividend of surplus (interim dividend) and Revision for Dividend
Forecast
(1) Dividend of surplus (interim dividend)
Determined Amount Previous forecast Previous period results
(July 31, 2023)
Reference date September 30, 2023 Same as left -
Dividend per share 100.00yen 60.00 yen -
Total dividend amount 491(million yen) - -
Effective date December 5, 2023 - -
Dividend source surplus - -
(2) Revision for Dividend Forecast
Annual Dividend
End of 1st quarter End of 2(nd) quarter End of 3(rd) quarter End of Fiscal year Total
Previous forecast - 60.00 yen - 65.00 yen 125.00 yen
( July 31, 2023)
Revised forecast - - - 100.00 yen 200.00 yen
Current year results - 100.00yen - -- --
Previous year results - - - 180.00 yen 180.00 yen
(for fiscal year ended March 31, 2023)
Reason for Revisions:
- The year-end dividend has been revised to 200.00 yen per share
in accordance with the aforementioned revision of the company's full-year
earnings forecast.
* The above forecasts are based on information currently available, but actual
results may vary due to future circumstances.
(End)
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