News Release

Revision of Financial Forecast

Jun 30, 2020
J Trust Co., Ltd.

						

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J Trust Co., Ltd. (the “Company”) hereby announces the revision of financial forecast for the consolidated financial results for the fiscal year ending December 31, 2020 (from January 1, 2020 to December 31, 2020) announced on February 13, 2020.

(1) Revision of Financial Forecast

(1) Revision of consolidated financial forecast for the fiscal year ending December 31, 2020 (From January 1, 2020 to December 31, 2020)
Operating Revenue Operating Profit Profit before tax Profit attributable to owners of parent Basic earnings per share
Previously announced forecast (A) million yen 86,511 million yen 1,681 million yen - million yen △1,657 yen △15.65
Revised forecast (B) 84,511 1,931 1,636 △1,531 △14.46
Change in amount (B-A) △2,000 250 126
Change in percentage (%) △2.3% 14.9%
(Reference) Actual results for the fiscal year ended December 31, 2019* 58,105 243 △356 △3,260 △30.80

*Actual results for the previous fiscal year covers a 9-month period from April 1, 2019 to December 31, 2019 due to the change in the Company’s accounting period. In the fiscal year ending December 31, 2020, the Company finalized provisional accounting treatments for business combinations implemented in the previous fiscal year. Accordingly, the relevant figures in the fiscal year ended December 31, 2019 are retrospectively adjusted.

(2) Reason for Revision As stated in “Notice Regarding Revision of Full-year Consolidated Financial Forecast” announced today by KeyHolder, Inc., a consolidated subsidiary of the Company, operating revenue is expected to increase due to the addition of results of a newly consolidated subsidiary North River Inc. However, due to the impacts of the spread of novel coronavirus (COVID-19) and other factors, operating revenue is expected to decrease by 2,000 million yen from the previously announced forecast. Meanwhile, operating profit is expected to increase by 250 million yen from the previously announced forecast. Profit attributable to owners of the parent is also expected to surpass the previous forecast by 126 million yen.

(Note) The above forecast is based on the information currently available to the Company and certain other premises judged to be reasonable, and the Company does not guarantee the achievement of this performance. Actual results may differ significantly due to various factors.

END

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J Trust Co., Ltd. Finance Department