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RNS Number : 6991E Mitsubishi Corporation 31 October 2022
Translation of report filed with the Tokyo Stock Exchange on October 31, 2022
Notice Regarding Revision of Forecast for Non-Consolidated Results for
Fiscal Year Ending March 31, 2023 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, 2023.
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, 2022
Notice Regarding Revised Forecast for Non-Consolidated Results
for Fiscal Year Ending March 31, 2023
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, 2023.
Details are as follows.
1. Differences between Nihon Shokuhin's forecast for the fiscal year
ending March 31, 2023 that was announced on April 28, 2022 and its revised
forecast that was announced today
(for period beginning on April 1, 2022 and ending on March 31, 2023)
Net Sales Operating Income Ordinary Income Net Income Net Income
(million yen)
(million yen)
(million yen)
(million yen)
Per Share
(yen)
Previous forecast (A) 58,500 1,000 1,200 900 182.98
Revised forecast (B) 63,000 3,000 3,200 2,500 508.27
Difference (B-A) 4,500 2,000 2,000 1,600 -
Difference (%) 7.7 200.0 166.7 177.8 -
Actual results 50,610 1,504 1,859 1,370 278.55
(for fiscal year ended March 31,2022)
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 the government's relaxing of
restrictions on activities for the first time in three years.
- Sales are expected to increase due to higher by-product prices in
line with higher grain prices, higher sales volume of saccharified products,
and the promotion of product price optimization in response to soaring
raw-material corn market prices and the impact of foreign exchange rates.
- 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. 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 - - - 65.00 yen 65.00 yen
( April 28, 2022)
Revised forecast - - - 180.00 yen 180.00 yen
Current year results - - - -- --
Previous year results - - - 100.00 yen 100.00 yen
(for fiscal year ended March 31, 2022)
Reason for Revisions:
- The year-end dividend has been revised to 180.00 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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