IR News

Notice of Difference Between Business Forecast and Actual Results, and Dividend

Park24 Co., Ltd. announces that results for the fiscal year ended October 2012 (November 1, 2011 to October 31, 2012) differ from the forecast published on December 15, 2011. At a meeting of its Board of Directors held on December 13, 2012, the Company resolved to revise the dividend, the record date for which is October 31, 2012. Details are as follows:

 

1. Differences Between Business Forecast and Actual Results
 

(1) Differences Between Consolidated Business Forecast and Actual Consolidated Results for the Fiscal Year Ended October 2012 (November 1, 2011 to Ocober 31, 2012)
 
  Net sales Operating profit Recurring profit Net income Net income per share
 Previous forecast (A)

Million yen
139,000

 Million yen
16,500		 Million yen
16,000		 Million yen
9,000		 Yen   sen
63.12
 Actual results (B) 139,547 17,809 17,317 9,670 67.37
 Change (B – A) 547 1,309 1,317 670 -
 Change ratio (%) 0.4 7.9 8.2 7.4 -
 (Reference) Actual results for the previous fiscal year (ended October 2011) 124,080 13,292 12,711 6,546 45.94
 
(2) Reasons for Differences
 

Net sales in the fiscal year ended October 2012 were roughly on a par with the forecast. However, profitability improved in the parking business, reflecting the development of parking facilities at low cost, an emphasis on bringing work in-house, and improved operational efficiency. As a result, operating profit, recurring profit, and net income exceeded the previous forecast.
   
2. Dividend
  (1) Description of Dividends
 
  Dividend determined Latest forecast
(Published on Dec. 15, 2011)		 Previous fiscal year
(Ended October 2011)
 Record date  October 31, 2012  October 31, 2012  October 31, 2011
 Dividend per share  35.00 yen  30.00 yen  30.00 yen
 Total dividends  5,035 million yen  －  4,276 million yen
 Effective date  January 30, 2013  －  January 27, 2012
 Dividend resource  Retained earnings  －  Retained earnings
 
(2) Reasons for the Revision
  The Company places priority on enhancing its corporate value through earnings growth. Its basic policy under this concept is to secure internal reserves as future investment funds and to return surplus funds to shareholders, primarily in the form of dividends.
Under this basic policy, the Company has decided to revise its year-end dividend forecast for the fiscal year ended October 2012 up five yen, to 35 yen per share.
The Company will propose the dividend at the 28th annual meeting of shareholders to be held on January 29, 2013.