News
Notice Regarding Revisions of Earnings Guidance and Dividend Forecast, and Dividend from Surplus
Feb 2, 2021
TechnoPro Holdings, Inc. today announced, in light of recent earnings trends, a revision of its consolidated earnings guidance and dividend forecast for the fiscal year ending June 30, 2021, which had been undetermined, as stated below.
In addition, the TechnoPro Holdings Inc.’s board of directors resolved at its meeting held February 2, 2021 to declare the payment of an interim dividend to the shareholders of record as of December 31, 2020 as follows.
1. Revision of Consolidated Full Year Earnings Guidance for the Fiscal Year Ending June 30, 2021
(1) Revision of Consolidated Full Year Earnings Guidance for the Fiscal Year Ending June 30, 2021 (July 1, 2020 – June 30, 2021)
| Revenue | Operating profit | Profit before income taxes | Net profit attributable to owners of the parent company | Net profit per share (yen) | |
|---|---|---|---|---|---|
| Previous guidance (A) | TBD | TBD | TBD | TBD | TBD |
| Revised guidance (B) | 156,500 | 17,000 | 16,900 | 11,500 | 320.25 |
| Difference (B−A) | — | — | — | — | — |
| Difference (%) | — | — | — | — | — |
| (Reference) FY20.6 results | 158,407 | 15,772 | 15,843 | 10,825 | 299.97 |
(2) Reason for the Revision
Based on the information currently available, TechnoPro Holdings, Inc. forecasted its consolidated full year earnings guidance for the fiscal year ending June 30, 2021, which had been undetermined due to the difficulty in reasonably estimating the impact from the spread of COVID-19 on its business for the full year period.
In Japan, another state of emergency has been declared in some areas where the numbers of new COVID-19 cases reported have increased again, and the outlook for the future remains unpredictable. However, the results for the first half cumulative period of the current fiscal year has shown that the Company's business profitability appeared to be resilient backed with a strong demand for overall engineering professional services, as well as the effects of continuous cost reduction efforts.
For further details, please see “TechnoPro Group Financial Results for the 2nd Quarter of FYE June 2021” and “Business Environment and Management Policies” disclosed today (February 2, 2021).
2. Dividend from Surplus (Interim) and Revision of Year-End Dividend Forecast
(1) Dividend of Surplus (Interim)
| Resolution | Latest forecast (announced Oct. 30, 2020) | FY20.6 interim | |
|---|---|---|---|
| Record date | December 31, 2020 | December 31, 2020 | December 31, 2019 |
| Dividend per share | ¥50.00 | ¥50.00 | ¥50.00 |
| Total dividend amount | ¥1,795 million | — | ¥1,807 million |
| Effective date | March 1, 2021 | — | February 28, 2020 |
| Source of payment | Retained earnings | — | Retained earnings |
(2) Revision of Year-End Dividend Forecast
| Annual dividend per share (yen) | |||
|---|---|---|---|
| Interim | Year-end | Total | |
| Previous forecast | ¥50.00 | TBD | TBD |
| Revised forecast | — | ¥111.00 | ¥161.00 |
| Dividends for the current period (FY21.6) | ¥50.00 | — | — |
| (Reference) Dividends paid for the previous period (FY20.6) | ¥50.00 | ¥100.00 | ¥150.00 |
(3) Reason for the Revision
TechnoPro Holdings, Inc.’s basic stance on shareholder return is to maintain stable payment of interim and year-end dividend every year, in accordance with the dividend policy to distribute profits linked to business performance at the expected full-year dividend payout ratio of 50%. Based on this policy and in consideration of recent earnings performance and financial conditions, TechnoPro Holdings, Inc. determined to distribute ¥50.00 per share, the same amount as the previous year, as an interim dividend for the fiscal year ending June 30, 2021.
Upon the announcement of the revised earnings guidance, TechnoPro Holdings, Inc. sets a plan to pay a year-end dividend of ¥111.00 per share (total annual dividend of ¥161.00 per share, including interim dividend of ¥50.00), based on the full-year dividend payout ratio of 50%.
- (Note)The above guidance and other forward-looking statements are based on information currently available to the Company and certain other premises judged to be reasonable, and the actual results may differ materially due to various factors.
(Note on translation)
This document is provided for informational purpose only. If there are any discrepancies between this and the original, the original Japanese document prevails.