2017
October 24, 2017
Kurita Water Industries Revises Earnings Forecast
Kurita Water Industries Ltd. announces that, in light of its recent operating performance, it has revised the earnings forecasts that it issued on July 31, 2017. Details appear below.
1. Earnings Forecast Revision
- （1）Revision of consolidated earnings forecast for the first six months of fiscal year ending March 31, 2018
(April 1, 2017 – September 30, 2017)
(Million yen)
| Net sales | Operating income |
Ordinary income |
Profit attributable to owners of parent |
Net income per share(Yen) |
|
|---|---|---|---|---|---|
| Previous forecast (A) | 104,000 | 7,700 | 7,900 | 5,300 | 47.18 |
| Revised forecast (B) | 108,107 | 10,153 | 10,274 | 7,412 | 65.99 |
| Change (B – A) | 4,107 | 2,453 | 2,374 | 2,112 | 18.81 |
| Percent change (%) | 3.9 | 31.9 | 30.1 | 39.8 | 39.9 |
| For reference:First six months of the fiscal year ended March 31, 2017 |
103,811 | 9,643 | 9,639 | 6,542 | 56.36 |
- （2）Revision of the consolidated earnings forecast for the fiscal year ending March 31, 2018
(April 1, 2017 – March 31, 2018)
(Million yen)
| Net sales | Operating income |
Ordinary income |
Profit attributable to owners of parent |
Net income per share(Yen) |
|
|---|---|---|---|---|---|
| Previous forecast (A) | 223,000 | 18,500 | 19,000 | 13,000 | 115.76 |
| Revised forecast (B) | 230,000 | 21,000 | 21,500 | 15,000 | 133.57 |
| Change (B – A) | 7,000 | 2,500 | 2,500 | 2,000 | 17.81 |
| Percent change (%) | 3.1 | 13.5 | 13.2 | 15.4 | 15.4 |
| For reference:Fiscal year ended March31, 2017 |
214,187 | 19,452 | 20,074 | 14,506 | 125.23 |
2. Reason for Revision
In earnings for the first six months of the fiscal year ending March 31, 2018, operating income, ordinary income and profit attributable to owners of parent are expected to surpass the previously announced forecasts by a large margin. This reflected improvements in profitability associated with higher net sales, which are likely to exceed the previously announced forecast due to the strong performance of the Water Treatment Facilities business, as well as with stronger management of construction projects.
In the full-year earnings for the fiscal year ending March 31, 2018, net sales and profits are expected to increase from the previously announced earnings forecasts, in light of the result for the first six months.
Our dividend forecast remains unchanged.