News Release
February 18, 2010
Notice Concerning Revisions to Earnings Forecasts
Reflecting recent trends in earnings performance, our company makes the following revisions to earnings and dividends forecasts for the full year FY2009 (April 1, 2009, to March 31, 2010), which were announced November 2, 2009.
Revisions to forecasts for consolidated earnings of FY2009 (April 1, 2009, to March 31, 2010)
(1) Consolidated earnings forecast
(Unit: Million Yen)
|
Net sales |
Operating income |
Ordinary income |
Net income |
Earnings |
|---|---|---|---|---|---|
Previously announced forecasts (A) |
83,000 |
6,100 |
5,800 |
2,600 |
¥29.33 |
Newly revised forecasts (B) |
88,300 |
8,000 |
7,700 |
3,500 |
¥39.48 |
Difference (B-A) |
5,300 |
1,900 |
1,900 |
900 |
- |
Change (%) |
6.4% |
31.1% |
32.8% |
34.6% |
- |
Reference: |
110,041 |
11,016 |
10,627 |
4,686 |
¥52.89 |
(2) Reasons for the revision
In addition to a recovery in performance in Asia and other markets overseas, we are beginning to see signs of recovery in Japan. Net sales are tracking ahead of plan in the second half. Furthermore, our earnings structure has strengthened as a result of emergency measures we implemented this year to bolster earnings. For these reasons, we now expect consolidated FY2009 net sales, operating income, ordinary income and net income to exceed our previous forecasts.
Revisions to dividend forecasts for FY2009
(1) Description of the revision
|
Dividend per share |
||
|---|---|---|---|
Date of record |
End of 2Q | End of year | Annualized |
Previously announced forecasts |
- |
¥4.30 |
¥6.30 |
Newly revised forecasts |
- |
¥7.30 |
¥9.30 |
Actual |
¥2 |
- |
- |
Reference: |
¥10 |
¥3 |
¥13 |
(2) Reasons for the revision
Given the upward revisions to our consolidated earnings forecasts for FY2009, we revise up our forecasted FY2009 year-end dividend by ¥3 to ¥7.30, bringing the annualized dividend to ¥9.30, approximately 50% higher than originally forecasted.
The above forecasts were prepared based on information available as of the date this document was released. Actual results may differ from estimates due to various future events.
