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