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First, let me start by giving the consolidated earnings forecasts of the fiscal year ending March 31, 2021.
As already disclosed, the full-year earnings forecasts were revised.
Business activity for the first three months of FY2020 was considerably restricted, leading to a large impact on our results due to the declaration of a state of emergency by the central government reflecting the spread of the COVID-19 coronavirus.
Although the results are on a recovery trend from the second quarter onwards, we were affected more than initially anticipated, such as the operation and attracting fewer customers mainly at facilities under management of the Wellness segment and stores of the Tokyu Hands segment. The situation is expected to continue from the third quarter onwards.
Consequently, we decided to revise the full-year earnings forecasts.
I will explain details later, but operating profit was revised to 44.0 billion yen and profit attributable to owners of parent was revised to 17.0 billion yen.
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