May 17, 2021
Lintec Announces the Revision of Management Targets of New Medium-term Business Plan LSV 2030 – Stage 1
Lintec announces that it has revised its management targets towards the fiscal year ending March 31, 2024, the final year of the Medium-term Business Plan LSV 2030 - Stage 1 announced on March 18, 2021.
1. Reasons for the revision
Given the acquisition of Duramark Products, Inc.* effective on April 1, 2021, we have reevaluated our business plan closely. Duramark Products, Inc. is a manufacturer of adhesive products in the United States. Accordingly, we have revised our management targets towards the fiscal year ending March 31, 2024, which is the final year of the Medium-term Business Plan LSV 2030 - Stage 1. Please note that the acquisition's impact on earnings will be insignificant. Therefore, the earnings forecast remains unchanged.
- The company name has been changed to Mactac, Inc. on April 8, 2021
2. Details of the revision
Management targets for the fiscal year ending March 31, 2024 (final year)
|Net Sales||240 billion yen||255 billion yen|
|Operating Income||21 billion yen||21 billion yen|
|Profit Attributable to Owners of Parent||14 billion yen||14 billion yen|
|Operating Profit Margin||8% or more||8% or more|
|ROE (Return on Equity)||7% or more||7% or more|
- Net sales reflect the application of the Accounting Standard for Revenue Recognition, effective on April 1, 2021.
- The contents described on this page were created based on the economic conditions, market developments, plans and other information available as of the date of the News Release , and actual business results may differ from forecasts due to various future factors.
The contents of the News Release are as of the announcement date. Please note that they may differ from the latest information.