Visional : Notice Regarding Revision of Consolidated Earnings Forecast
June 13, 2022 at 07:33 am
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Disclaimer: This document is an English translation of the original Japanese language document and has been prepared solely for reference purposes. In the event of any discrepancy between this English translation and the original Japanese language document, the original Japanese language document shall prevail in all respects.
June 13, 2022
Company name: Visional, Inc.
Representative: Soichiro Minami, Representative Director and CEO
(Code number: 4194 TSE-Growth)
Contact: Risako Suefuji, Executive Officer, CFO and CAO
(TEL: +81-3-4540-6200)
Notice Regarding Revision of Consolidated Earnings Forecast
At a meeting of its Board of Directors held on June 13, 2022, the Company decided to revise upward its consolidated earnings forecast for the fiscal year ending July 31, 2022 (August 1, 2021 to July 31, 2022), which was disclosed on December 9, 2021, in light of recent trends in its business performance, as follows.
1. Revision of the consolidated earnings forecast for the current fiscal year (August 1, 2021 to July 31, 2022)
Profit
Basic
Net sales
Operating
Ordinary
attributable to
earnings per
profit
profit
owners of
share
parent
Forecast released on
Millions of Yen
Millions of Yen
Millions of Yen
Millions of Yen
Yen
December 9, 2021
41,000
6,000
6,320
4,100
114.34
(A)
Revised Forecast
43,600
8,000
8,320
5,400
150.55
(B)
Difference
2,600
2,000
2,000
1,300
―
(B-A)
Difference
6.3%
33.3%
31.6%
31.7%
―
(%)
Reference: Previous
year's actual results
28,698
2,368
2,274
1,420
43.37
(FY2021/7)
2. Reason for the revision
For our full-year consolidated earnings forecast for the fiscal year ending July 31, 2022, consolidated net sales are now expected to exceed the previous forecast, as the professional hiring market continues to be brisk and the BizReach business grew steadily in the third quarter, continuing from the strong first half. We anticipate this trend to continue for this fiscal year.
We have revised our consolidated net sales forecast from our previous forecast of ¥41,000 million to ¥43,600 million, as a result of our review, followed mainly by revision of our net sales forecast for the BizReach business from our previous forecast of ¥35,300 million to ¥37,500 million.
We have revised our consolidated operating profit forecast from our previous forecast of ¥6,000 million to ¥8,000 million. Part of the consolidated net sales increment will be reinvested back into the BizReach business for future growth through advertising and promotion investments, resulting in operating profit increment of ¥2,000 million.
In addition, as a result of the above revisions in forecasts of consolidated net sales and consolidated operating profit, we expect consolidated ordinary profit and profit attributable to owners of parent company to each exceed the previous forecast, and we have revised our full-year consolidated earnings forecast figures as above.
(Note) The above forecasts are calculated based on information available as of the date of announcement of this document, and actual results may differ from the forecasts due to various factors.
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Visional Inc. published this content on 13 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 June 2022 06:32:11 UTC.
Visional Inc is a Japan-based company mainly engaged in the incubation and HR Tech business. The Company operates through two business segments. The HR Tech segment operates BIZREACH, a professional human resource platform, HRMOS platform that enables the utilization of human resources based on evidence by centralizing and visualizing information from hiring to success after joining the companies, Careertrek, a job change site, Bizreach Campus, a visit network service, BINAR, a career change platform, and Stanby, a job search engine. The Incubation segment analyzes the industry structure and trends in the leading markets and conducts new businesses in areas with market potential that can promote digital transformation. It provides TRABOX, a logistics digital transformation (DX) platform, BizReach SUCCEED, a business succession merger and acquisition (M&A) platform, BizHint, a business-to-business (B2B) lead generation platform, and yamory, an open source vulnerability management cloud.