Notice of Revisions to Business Performance Forecasts
TSUGAMI CORPORATION announces that it has revised the consolidated business performance forecasts for fiscal 2020 announced on May 27, 2020, in light of its recent business performance. Details are as follows:
1. Revision of Forecast for the FY2020 (April 1, 2020 to March 31, 2021)
(Million yen)
Revenue
Operating profit
Profit attributable to
Basic earnings
owners of parent
per share (yen)
Previous Forecast (A)
45,000
3,300
1,900
36.74
(announced on May 27, 2020)
Revised Forecast (B)
55,000
6,500
2,800
54.04
Change (B-A)
10,000
3,200
900
--
Change Ratio (%)
22.2
97.0
47.4
--
Results for the Previous Fiscal Year
49,310
4,549
2,001
38.60
(the year ended March 31, 2019)
2. Reasons for Revision
The Company decided to revise its business performance forecasts for the fiscal year ending March 31, 2021, which it had announced on May 27, 2020, as shown above, considering positive changes observed at some users in Japan and the like, and the return of the Chinese market to normal operation, in addition to results for the first half under review.
The above forecasts were made based on information available at the time of the announcement. Actual performance may differ materially from forecasts due to factors that may arise in the future.
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Tsugami Corporation published this content on 12 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 November 2020 06:08:03 UTC
TSUGAMI CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of automatic lathes, grinders, machining centers, rolling machines. The Company operates through Japan, China, India, Korea and other region five geography segments. The Company is also engaged in the related research and other services. The products include CNC precision automatic lathes, including independent opposed gang tool type, opposed gang tool type, gang-tool slede & turret and chuck work; CNC lathes, including M08JL8-II, M06JC-II; turning centers, including TMA8J, TMA8H and TMA8F; machining centers, including vertical machining centers and horizontal machining centers; grinding machines, including CNC cylindrical grinding machines and small grinding machines; rolling machines, including CNC precision rolling machines and precision rolling machines.
TSUGAMI CORPORATION 
