Lawson Inc.

04/06/2021 | Press release | Distributed by Public on 04/06/2021 01:40

Lawson Revises Earnings Forecasts

Lawson, Inc. has revised its earnings forecasts for the fiscal 2020 ending February 28, 2021. The previous forecasts were announced on July 9, 2020.

Ⅰ. Revision to Consolidated Earnings Forecasts

1. Revision to Earnings Forecasts for the Fiscal 2020 (March 1, 2020 to February28, 2021)

Operating income Ordinary income Profit attributable
to owners of
Profit per share
Millions of yen Millions of yen Millions of yen Millions of yen Yen
Previous forecast (A) 670,000 35,000 30,000 5,000 49.96
Revised forecast (B) 666,001 40,876 37,610 8,689 86.84
Change (B-A) -3,998 5,876 7,610 3,689
Change (%) -0.6% 16.8% 25.4% 73.8%
(Reference)Fiscal 2019 ended February 29, 2020 730,236 62,943 56,346 20,108 200.95

2. Reasons for Revision

Due to the following reasons, operating income, ordinary income, and profit attributable to owners of parent for fiscal 2020 are expected to exceed the earnings forecasts, so we will revise the earnings forecasts.
Sales in the domestic convenience store business were lower than initially expected due to the impact of COVID-19, while entertainment-related businesses and overseas businesses (mainly in China) were performing better than expected. The group as a whole is working to reduce costs, and there was a gain on the sale of strategically held shares, etc.

Ⅱ. Dividend forecast

There is no change in the year-end dividend forecast due to the revision of the earnings forecast.

(Note) The above forecasts are based on information available as of the date of publication of this document. Actual results may differ from these forecasts due to a variety of factors.