ProtoPROTO CORPORATION


News ReleaseNews Release

September 14, 2017
Revision of Earnings Forecasts for the Six Months Ending September 30, 2017

 PROTO CORPORATION (the "Company") hereby revises its earnings forecasts for the six months ending September 30, 2017, as announced on May 10, 2017.


1. Revision of Consolidated Earnings Forecast for the Six Months Ending September 30, 2017

(April 1, 2017 - September 30, 2017)

  Net Sales Operating
Income
Ordinary
Income
Net income
attributable to
owners of parent
Net Income
per Share
Previous Forecast (A) Million yen Million yen Million yen Million yen Yen
29,370 1,577 1,593 1,008 50.27
Revised Forecast (B) 29,370 1,917 2,056 1,216 60.64
Amount of Change (B)−(A) 340 463 208
Percentage of Change (%) 21.6 29.1 20.6
(Reference)
Results for the Six Months
Ended September 30, 2016
26,399 1,338 1,306 702 34.93

2. Reason of the Revision

As for the consolidated earnings forecast for the first and second quarter of this term, gross profit is projected to exceed the initial estimate, mainly because the sold quantity of tires exceeded the initial estimate considerably in AUTOWAY Co., Ltd., which sells imported tires and wheels.
In addition, operating income, ordinary income, and net income attributable to owners of parent are projected to exceed the respective initial estimates, as consolidated SG&A expenses was smaller than the initial estimate, although advertisement cost exceeded the initial estimate slightly as the company enhanced promotion.

The full-year consolidated earnings forecast has not been changed from the previously announced one, but if it becomes necessary to revise it, we will disclose it swiftly.

  • Note: The forecasted values written in this document were produced based on the available information as of the release date of this document, and so actual business performance may be different from the forecasted values due to various factors.



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