We made upward the full-year forecast for the fiscal year ending March 31, 2023, which was announced in August.
Net sales and operating income are forecasted to be 1,250 billion yen and 115 billion yen respectively.
We made an upward revision to our overall net sales forecast. The revision includes increases for the MITSUMI, machined components, and U-Shin businesses with a decrease for the electronic devices and components business.
The operating income forecast was revised upward after adding a gain of 13.0 billion yen from the sale of the headquarters building.
We did not make any changes to the forecast of operating income except for the aforementioned gain on the sale since the outlook remains highly uncertain due to the global economic slowdown and other factors, although our revised foreign exchange assumptions are expected to affect our financial results.
The exchange rate is assumed to be 140 yen to the U.S. dollar.
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