Notice Concerning Revision of Forecast of Financial Results and Cash Dividends for FY2021
[Translation]
Toyota Industries Corporation today announces revision of forecasts of consolidated financial results and cash dividends for FY2021 (April 1, 2020 through March 31, 2021) disclosed on July 31, 2020, as follows.
1. Forecast of Financial Results
1) Forecast of Consolidated financial results for FY2021 (April 1, 2020 through March 31, 2021)
Net sales | Operating profit | Profit before income taxes | Profit attributable to owners of the parent | Earnings per share -basic | |
---|---|---|---|---|---|
Previous forecast (A) | Million yen 1,900,000 |
Million yen 60,000 |
Million yen 110,000 |
Million yen 85,000 |
Yen 273.77 |
Revised forecast (B) | 2,000,000 | 85,000 | 140,000 | 105,000 | 338.18 |
Amount changed (B-A) | 100,000 | 25,000 | 30,000 | 20,000 | — |
% of change | 5.3 | 41.7 | 27.3 | 23.5 | — |
(Reference) Actual results for FY2020 |
2,171,355 | 128,233 | 196,288 | 145,881 | 469.85 |
2) Reasons for revision of forecast of financial results
Due to results of the second quarter of FY2021, Toyota Industries revises net sales, operating profit, profit before income taxes and profit attributable to owner of the parent as above.
※ The above forecasts are based on the information available to management as of today and are not guarantees of future performance. Uncertainties such as economic conditions and exchange rate fluctuations could cause the actual results of Toyota Industries to change from any forecasts discussed in this material.
2. Forecast of cash dividends
1) Forecast of cash dividends for FY2021
Annual cash dividends per share | |||||
---|---|---|---|---|---|
1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | FY Total | |
Previous forecast | Yen ― |
Yen 70.00 |
Yen ― |
Yen ― |
Yen ― |
Revised forecast | ― | ― | ― | 70.00 | 140.00 |
Actual dividends | ― | 70.00 | ― | ― | ― |
(Reference) Actual dividends for FY2020 |
― | 80.00 | ― | 80.00 | 160.00 |
2) Reasons for revision of forecast of cash dividends
Toyota Industries' dividends policy is to meet the expectations of shareholders for continuous dividends while giving full consideration to business performance, funding requirements and dividends payout ratio.
Under this policy, Toyota Industries plans to pay cash dividends for fourth quarter of 70 yen, which had not been determined.