[Needs Well Co., Ltd.] Announcement of revisions to consolidated financial forecasts for the fiscal year ending September 2024 *Needs Well Co., Ltd.*
Press release: August 20, 2024
**
Notice of revision of consolidated financial forecasts for the fiscal year ending September 2024
*～Performance revised due to increased strategic investments such as wage increases and training to boost employee morale, and development of solutions for company longevity～*
At the Board of Directors meeting held today, the Company announced on March 14, 2024 based on recent performance trends, etc. Fiscal year ending September 2024 (October 1, 2023 to September 30, 2024) We would like to inform you that we have revised our full-year consolidated performance forecast as follows.
1. Regarding revisions to consolidated earnings forecasts
Revision of full-year consolidated financial forecast figures for the fiscal year ending September 2024 (October 1, 2023 to September 30, 2024)
*1
The Company will split its common stock at a 1:2 ratio with May 31, 2024 as the record date. “Quarterly net income per share” in “(Reference) Results for the same period of the previous year (ended September 2023)” is the figure after taking into account the stock split.
*2
“Quarterly net income per share” and “net income per share” in “Revised forecast (B)” are calculated using the average number of shares at the end of the immediately preceding quarterly fiscal year (end of June 2024). I am.
2. Reasons for revision of consolidated financial forecasts
During the fiscal year under review, in order to improve the morale and skills of our employees in response to the recent rise in prices, we will increase wages by 7.5% through salary increases and stock compensation, and provide employee training, while also achieving medium- to long-term growth in business performance. To achieve this goal, we have developed unique solutions and services that
differentiate us from other companies. As a result of these strategic investments, the financial results for the fiscal year ending September 2024 are expected to be lower than the sales and profits announced on March 14, 2024, so we have revised our consolidated business forecasts as above. .
In addition to these investments to increase added value, we will continue to engage in M&A with companies where we can expect greater synergy effects, aiming to increase corporate value through high business growth over the medium to long term.
*The above forecasts were created based on information available as of the date of publication of this material, and actual results may differ from the forecast figures due to various factors.
【Company Profile】
Company name: Needswell Co., Ltd.
Address: 13th floor, New Otani Garden Court, 4-1 Kioicho, Chiyoda-ku, Tokyo Representative: Kozo Funatsu, Representative Director and President Established: October 1986
URL: https://www.needswell.com/
Business content: Software development, operation, and maintenance; development, sales, operation, and maintenance of solution products.
[Press-related materials]
IR News https://www.needswell.com/ir/news
Other news https://www.needswell.com/news/index
[For inquiries regarding news releases] Corporate Planning Department ir-contact@needswell.com