Notice Extraordinary Loss and Differences between Forecasts and Actual Results for the Full-Year


MTI Ltd. (hereinafter the “Company”) announces that the Company will post extraordinary losses as stated below for the fourth quarter of the fiscal year ending September 30, 2020 (from July 1, 2020 to September 30, 2020). Details are as follows.
In addition, the Company announces that differences have arisen between the earnings forecast for the full-year which the Company announced on April 30, 2020, and actual operating performance.


1.Posting of Extraordinary Losses
The Company will post an extraordinary losses of 1,594 million yen on a consolidated basis and extraordinary losses of 1,786 million yen on a non-consolidated basis.

(Breakdown of consolidated extraordinary losses for the fourth quarter)

Impairment loss 1,391 million yen
Loss on retirement of non-current assets 110 million yen
Loss on valuation of investment securities 92 million yen
Loss on sales of non-current assets 0 million yen

(Breakdown of non-consolidated extraordinary losses for the fourth quarter)

Impairment loss 811 million yen
Loss on valuation of shares of subsidiaries 593 million yen
Loss on valuation of shares of subsidiaries and associates 232 million yen
Loss on valuation of investment securities 92 million yen
Loss on retirement of non-current assets 55 million yen
Loss on sales of non-current assets 0 million yen

2. Revision of the consolidated results forecast
(1) Differences between forecast and actual results for the year ending September 30, 2020
(October 1, 2019 – September 30, 2020)

(Unit:Millions of yen)
Net sales Operating income Ordinary income Profit attributable to owners of parent Net income per share
Previous announced
forecast(A)
26,000 2,500 2,400 1,700 31.12
Actual(B) 26,082 2,507 2,082 506 9.28
Differences(B-A) +82 +7 (317) (1,193)
Differences(%) +0.3% +0.3% (13.2%) (70.2%)
(Reference)
Actual results in the previous fiscal year
(For the fiscal year ended September 30, 2019)
27,112 2,959 3,134 1,508 27.57

PDF download

PDFPDF