FY2021 Earnings Forecasts
Despite the negative impact of changes in accounting standards for revenue recognition, the outlook for FY2021 net sales is ¥441.0 billion, a 3.2% YoY increase. That is based on the anticipated recovery from the impact of COVID-19 in the School & Teacher Support business and the Cram Schools/English Education business in the Education Business in Japan segment, growth in the Nursing Care and Childcare business on an increase in the number of nursing homes, and so on.
Thanks to increased income on higher sales, the Company is forecasting operating income of ¥17.5 billion, +33.7% YoY, ordinary income of ¥12.0 billion, +29.6% YoY, and net income attributable to owners of the parent of ¥5.0 billion, a 60.1% YoY increase.
The forecast is based on information currently available to the Company and certain assumptions deemed reasonable. Actual results may differ materially depending on a variety of factors including the COVID-19 situation.
* Net Income (Loss) Attributable to Owners of the Parent