King Jim announced on July 31, the consolidated financial results for the period ending June 2020 (from June 21, 2019 to June 20, 2020), with net sales of 33,455 million yen (2.5% compared to the previous year). Operating income was 1,232 million yen (down 11.6% year on year), ordinary income was 1,489 million yen (down 9.0% year on year), and net income was 1,081 million yen (up 12.3% year on year). Sales declined due to the impact of a new coronavirus infection.
In the stationery office supplies business, sales were 26,735.48 million yen (down 0.1% year on year) and operating income was 1,216.41 million yen (down 10.4% year on year), due in part to a decline in sales of the mainstay thick files.
The consolidated financial forecast for the fiscal year ending June 2021 is expected to be net sales of 35 billion yen, operating income of 1,270 million yen, ordinary income of 1,490 million yen, and net income of 1,030 million yen.
The consolidated financial forecast for the fiscal year ending June 2021 is expected to be net sales of 35 billion yen, operating income of 1,270 million yen, ordinary income of 1,490 million yen, and net income of 1,030 million yen.
From: NICHIMA INC, JAPAN
