BEENOS : Notice of Revision to Full-Year Earnings Forecast
May 08, 2024 at 07:10 am
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This is a translation of the original Japanese release. The Japanese text shall prevail in case of any variance between this version and the Japanese text.
Company Name
BEENOS Inc.
President and Group CEO
Shota Naoi
(TSE Prime Code: 3328)
Contact
Director and Executive
Taisuke Miura
Managing Officer
Telephone
03-6859-3328
Notice of Revision to Full-Year Earnings Forecast
Tokyo, Japan - 8 May 2024 - BEENOS Inc. (BEENOS) announced that it has revised its earnings forecast for the FY2024 (1 October 2023 to 30 September 2024), which was disclosed at the announcement of the financial results for FY2023 on 7 November 2023, as follows.
1. Revision of consolidated financial results forecast for FY2024 (1OCT2023 to 30SEP2024)
Operating
Ordinary
Net income
Per share
attributable to
Unit: Million yen
Net sales
Net income
income
income
owners of the
for the year
parent
Previous Forecast
33,620
2,830
2,400
1,560
128.25 Yen
(A)
Revised Forecast
24,500
2,100
1,800
1,560
128.25 Yen
(B)
Difference
▲9,120
▲730
▲600
0
-
(B-A)
Difference ratio (%)
▲21.7%
▲25.8%
▲25.0%
0.0%
-
(Reference) Results
32,508
4,501
4,053
2,198
180.76 Yen
for FY2023
2. Reasons for the Revision
As previously disclosed in announcements on 14 February 2024, regarding "Notice of Changes in Consolidated Subsidiaries (Share Transfer)" and the subsequent update on 30 April 2024, titled "(Progress of Disclosed Matters) Notice of Completion of Change in Consolidated Subsidiaries (Shares Transfer) and Forecast of Extraordinary Income," the divestiture of two consolidated subsidiaries has led to a decrease in both revenue and profit. Additionally, due to underperformance in operating profit within the Value Cycle segment through the second quarter of FY2024, the full-year revenue, operating income, and ordinary income will not likely meet its
previously stated forecasts. However, the net profit attributable to the parent company is projected to align with initial forecasts, bolstered by the recording of an estimated 800 million yen in extraordinary income from the business transfers mentioned.
(Note) The forward-looking statements in this release are based on management's current assumptions and beliefs using information available as of this release date. Actual results may vary from these forecasts due to various factors.
-END-
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Beenos Inc. published this content on
08 May 2024 and is solely responsible for the information contained therein. Distributed by
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08 May 2024 06:09:47 UTC.
BEENOS Inc, formerly netprice.com, Ltd., mainly operates mail-order sales business. It has two segments. The E-commerce segment operates business through three business divisions. The Gathering division is engaged in the mail-order sales through personal computers (PCs), cell phones and smart phones. The Value Cycle division is involved in the purchase, maintenance and sale of secondhand brand-name products, watches, accessories and others. The Cross Boarder division is engaged provision of services making overseas products available for purchase for Japanese clients. The Incubation segment is involved in the provision of Japan products overseas forwarding services, the production of talent licensed products, and the marketing and promotion business focusing on smart phones.