PROTO CORPORATION (the "Company") hereby revises its earnings forecasts for the six months ending September 30, 2017, as announced on September 14, 2017.
(April 1, 2017 – September 30, 2017)
owners of parent
|Previous Forecast (A)||Million yen||Million yen||Million yen||Million yen||Yen|
|Revised Forecast (B)||29,387||1,804||1,959||861||42.94|
|Amount of Change (B)－(A)||17||(113)||(97)||(355)|
|Percentage of Change (%)||0.1||(5.9)||(4.7)||(29.2)|
Results for the Six Months
Ended September 30, 2016
As for the consolidated earnings forecast for the first and second quarter of this term, operating and ordinary incomes are estimated to be lower than the previously announced estimates, mainly because cost of sales exceeded the estimate due to the difference in estimated term-end inventory of the group company that sells tires and wheels.
In addition, in the segment of other businesses, considering the situation in which the performance of the experimentally operating agricultural business is estimated to be poorer than the forecast, an impairment loss of fixed assets related to said business amounting to 336 million yen was included in extraordinary losses, and so net income attributable to owners of parent is estimated to be lower than the previously announced estimate.
The full-year consolidated earnings forecast is now under review, and if it becomes necessary to revise the earnings forecast, we will disclose it swiftly.