SUMIDA: Investor News
Notice on the Difference Between the FY2022 Consolidated Earnings Forecast and Results
Notice Regarding the Difference of Individual Financial Results as Compared to Actual Results for the Previous Year
February 7th 2023
Press Release
SUMIDA CORPORATION (hereafter “the Company”) announces the occurrence of a difference between the consolidated earnings forecast for the fiscal year ending December 2022 (from January 1, 2022 to December 31, 2022) announced on October 31, 2022, and the results for the above period, publicized today. The details are as follows.
1. Difference Between the Consolidated Earnings Forecast and Results for the fiscal year ending December 2022 (from January 1, 2022 to December 31, 2022)
| Revenue (Millions of yen) |
Operating Profit (Millions of yen) |
Profit before Income Taxes (Millions of yen) |
Profit Attributable to Owners of Parent (Millions of yen) |
Basic Earnings per Share (Yen) |
|
| Previous earnings forecast (A) | 136,000 | 7,200 | 5,500 | 3,900 | 143.42 |
| Results announced today (B) | 138,600 | 8,189 | 6,534 | 5,099 | 187.54 |
| Increase (decrease) (B-A) | 2,600 | 989 | 1,034 | 1,199 | |
| Increase (decrease) (%) | 1.9 | 13.7 | 18.8 | 30.7 | |
| (For reference) Results of the previous fiscal year (Fiscal year ending December 2022) |
104,920 | 5,326 | 3,898 | 2,629 | 96.68 |
2. Reasons for the difference occurred between the Consolidated Earnings Forecast and Results
Consolidated revenue results for the fiscal year ending December 31, 2022 slightly exceeded the earnings forecasts announced on October 31, 2022, partly because the yen was weaker than expected. In addition to the impact of exchange rates, the implemented unit price increases of products and review of costs, etc. resulted in greater operating profit and profit before tax exceeding the earnings forecast. Furthermore, by remeasuring tax effects, etc., a greater profit attributable to owners of the parent company was achieved, also exceeding the earnings forecast.
3. Difference Between the Individual Financial Results and the Actual Results for the Previous Year
The Company does not announce forecasts of individual financial results; however, it announces the occurrence of a difference between the individual financial results for the year ended December 2022 and the actual results for the previous year as set forth below.
Difference between the individual financial results for the fiscal year ended December 2022 and the actual results for the previous year (from January 1, 2022 to December 31, 2022)
| (unit: Millions of yen) | Sales Revenue | Operating Profit | Ordinary Profit | Net Profit |
| Actual results for the previous year (A) | 1,498 | 625 | 345 | 134 |
| Actual results for this year (B) | 3,704 | 2,603 | 2,194 | 1,885 |
| Increase (decrease) (B-A) | 2,206 | 1,978 | 1,849 | 1,751 |
| Increase (decrease) (%) | 147.2 | 316.5 | 534.9 | - |
4. Reasons for the difference to the actual results for the previous year occurred
The Company’s main sources of sales revenue are for example dividends of the subsidiaries. Operating profit increased due to an increase in dividends from subsidiaries, including dividends due to the closure of subsidiaries in the fiscal year fiscal year ended December 2022. Profits also increased from the previous fiscal year because of sales and profit growth.