Hanwa : Notice Concerning Amendments to Forecasts of consolidated financial results for FY2022
August 12, 2022 at 05:09 am
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Date: August 12, 2022
Contact:
Executive Officer for Accounting
Hisashi Honda
Tel: +81-3-3544-2000
Notice Concerning Amendments to Forecasts of
consolidated financial results for FY2022
Based on recent business performance, Hanwa Co., Ltd. ("Hanwa") hereby announces the following amendments to the forecasts of consolidated financial results for FY2022 (April 1, 2022 to March 31, 2023) previously announced on May 13, 2022.
1. Amendments to the Forecasts of Consolidated Financial Results for FY2022 (April 1, 2022 to March 31, 2023).
(1) Contents of amendments
(Millions of yen)
Consolidated
Consolidated
Net income
Consolidated net
Consolidated
attributable to
operating
ordinary
income
net sales
owners of the
income
income
per share (yen)
Company
Previous forecast
2,400,000
55,000
50,000
36,500
898.19
(A)
Revised forecast
2,600,000
65,000
65,000
46,000
1,131.97
(B)
Amount of change
200,000
10,000
15,000
9,500
(B - A)
% of change
8.3
18.2
30.0
26.0
(Reference)
Actual results for
2,164,049
62,367
62,718
43,617
1,073.34
FY2021
(2) Reason for the amendments
The outlook of the economy is still uncertain due to the impact of the COVID-19 pandemic and the Russian invasion of Ukraine on our business. As a result, overseas demand has weakened recently. On the other hand, domestic prices of steel and other products have remained stable since the last announcement of our consolidated business results on May 13, 2022.
Hanwa has endeavored to properly grasp the conditions of demand and customer needs in each business area. As a result of these efforts, transaction volumes increased both inside and outside Japan. In addition, we are steadily carrying out initiatives to achieve profitability from the strategic investments which we have executed up until now.
Based on the recent business condition and considering the actual financial results for the 1st Quarter and currently available projections which show profit margins expanding beyond our expectations, with each profit exceeding our previously announced forecast, we have amended our forecasts for FY2022 consolidated financial results.
(Note)
The above forecasts reflect assumptions and prospects based on the information currently available. They are subject to a number of risks and uncertainties that could cause actual results to differ from this information.
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Hanwa Co. Ltd. published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 04:08:08 UTC.
HANWA CO., LTD. is a Japan-based company mainly engaged in the sale of steel metal raw materials, non-ferrous metals, foods, petroleum and chemical products, wood and machinery. The Company operates through six business segments. The Steel business is engaged in the provision of steel bars, construction works, steel plates, special steels, wires, steel pipes, and scrap iron. It is also engaged in the metal processing and storage. The Metal Raw Materials business is engaged in the provision of nickel, chromium, silicon, manganese, and ferroalloys. The Overseas Sales Subsidiary business is engaged in the sale of products at major overseas bases. The Petroleum and Chemicals business is engaged in the sale of petroleum products, industrial chemicals, chemicals and waste fuels. The Food business provides seafood and livestock products. The Nonferrous Metals business supplies aluminum, copper and zinc, and conducts recycling business. It also manages and operates amusement facilities.
HANWA CO., LTD. 
