IR News
【PARK24 Co., Ltd. 】Notice of Adjustment of Business Forecasts for the Current Fiscal Year
Park 24 Co., Ltd. announces that a meeting of the Board of Directors held on November 26, 2009 has decided to adjust the business forecasts for the fiscal year ending October 2009 (November 1, 2008 to October 31, 2009), which were published on May 28, 2009. Details are as follows.
1. Adjustment of Business Forecasts for the Current Fiscal Year Ending October 2009 (November 1, 2008 to October 31, 2009)
(1) Adjustment of Consolidated Business Forecasts
|
|
Net sales |
Operating profit |
Recurring profit |
Net income |
Net income per share |
|
|
million yen |
million yen |
million yen |
million yen |
yen |
|
Previous forecasts (A) |
95,200 |
9,900 |
9,000 |
5,350 |
37.81 |
|
Revised forecasts (B) |
95,320 |
10,580 |
9,870 |
5,750 |
40.64 |
|
Change (B-A) |
+120 |
+680 |
+870 |
+400 |
+2.83 |
|
Change ratio (%) |
+0.1% |
+6.9% |
+9.7% |
+7.5% |
+7.5% |
|
Ref) Performance of last fiscal year, same period |
80,834 |
8,936 |
8,260 |
4,738 |
33.49 |
(2) Adjustment of Non-Consolidated Business Forecasts
|
|
Net sales |
Operating profit |
Recurring profit |
Net income |
Net income per share |
|
|
million yen |
million yen |
million yen |
million yen |
yen |
|
Previous forecasts (A) |
84,600 |
9,300 |
8,900 |
5,300 |
37.46 |
|
Revised forecasts (B) |
84,890 |
9,940 |
9,640 |
5,690 |
40.21 |
|
Change (B-A) |
+290 |
+640 |
+740 |
+390 |
+2.75 |
|
Change ratio (%) |
+0.3% |
+6.9% |
+8.3% |
+7.4% |
+7.3% |
|
Ref) Performance of last fiscal year, same period |
78,189 |
8,404 |
8,063 |
4,659 |
32.94 |
2. Reasons for Adjustment of Business Forecasts for the Current Fiscal Year
For our non-consolidated business performance, we adopted a number of operating initiatives designed to raise profits and were more selective in choosing development projects in the Parking Facilities business. With this approach, we were able to achieve profitability at an early stage in new projects, while improving the profitability of existing projects. We now expect to exceed our sales and profit forecasts.
In our consolidated outlook, profit figures are expected to improve as a result of the modified factors in the non-consolidated business performance as well as the cost cutting efforts made through the streamlining activities undertaken at consolidated subsidiaries.
| (Note) | The business forecasts above are based on information available as of the date of this release. Actual business results may differ materially from these forecasts due to various factors in the future. |