News Releases
Notice Concerning Revision of Forecast of Financial Results for FY2022
[Translation]
Toyota Industries Corporation today announces revision of forecasts of consolidated financial results for FY2022 (April 1, 2021 through March 31, 2022) disclosed on April 28, 2021, as follows.
1. Forecast of Financial Results
1) Forecast of Consolidated financial results for FY2022 (April 1, 2021 through March 31, 2022)
| Net sales | Operating profit | Profit before income taxes | Profit attributable to owners of the parent | Earnings per share －basic | |
|---|---|---|---|---|---|
| Previous forecast (A) | Million yen 2,300,000 |
Million yen 150,000 |
Million yen 215,000 |
Million yen 160,000 |
Yen 515.33 |
| Revised forecast (B) | 2,600,000 | 150,000 | 225,000 | 165,000 | 531.43 |
| Amount of change (B-A) | 300,000 | — | 10,000 | 5,000 | — |
| Percentage of change | % 13.0 |
% — |
% 4.7 |
% 3.1 |
% — |
| (Reference) Actual results for FY2021 |
2,118,302 | 118,159 | 184,011 | 136,700 | 440.28 |
2) Reasons for revision of forecast of financial results
In addition to results of the first quarter of FY2022, Toyota Industries Corporation has revised sales plans upward, mainly in Materials Handling Equipment Segment, as the global market recovery exceeds the initial projection, especially in Europe and North America. Furthermore, the expansion of the e-commerce market and the progress of logistics automation also provide a tailwind. As a result, Toyota Industries Corporation revises the forecast of financial results for FY2022 as above.
* The above forecasts are based on the information currently available to management and certain assumptions deemed reasonable by Toyota industries Corporation, and are not guarantees of future performance. Actual results could differ from those forecasts due to uncertainties including economic conditions and exchange rate fluctuations.