News Release
August 13, 2010
Notice Regarding Revisions to Business Performance Forecasts
The MISUMI Group Inc. revises as follows earnings and dividend forecasts previously announced on May 14, 2010, to reflect recent trends in business performance.
• Regarding revisions to consolidated business performance forecasts
Revisions to forecasts for FY2010 2Q cumulative (April 1 to September 30, 2010)
|
Net Sales |
Operating Income |
Ordinary Income |
Net Income |
Earnings per Share |
|---|---|---|---|---|---|
Million Yen |
Million Yen |
Million Yen |
Million Yen |
Yen |
|
Previous Forecast (A) |
56,000 |
5,600 |
5,600 |
3,200 |
36.10 |
Revised Forecast (B) |
58,500 |
7,600 |
7,370 |
4,290 |
48.29 |
Difference (B-A) |
2,500 |
2,000 |
1,770 |
1,090 |
- |
Change (%) |
4.5% |
35.7% |
31.6% |
34.1% |
- |
For reference: |
38,480 |
2,119 |
1,883 |
609 |
6.87 |
Revisions to forecasts for FY2010 full year (April 1, 2010, to March 31, 2011)
|
Net Sales |
Operating Income |
Ordinary Income |
Net Income |
Earnings per Share |
|---|---|---|---|---|---|
Million Yen |
Million Yen |
Million Yen |
Million Yen |
Yen |
|
Previous Forecast (A) |
117,000 |
12,200 |
12,300 |
7,100 |
80.10 |
Revised Forecast (B) |
121,000 |
14,600 |
14,320 |
8,350 |
94.00 |
Difference (B-A) |
4,000 |
2,400 |
2,020 |
1,250 |
- |
Change (%) |
3.4% |
19.7% |
16.4% |
17.6% |
- |
For reference: |
89,180 |
8,408 |
8,082 |
3,885 |
43.84 |
Reason for the revisions
Business performance at MISUMI has exceeded plans established at the beginning of the year due to a sustained recovery in demand among machinery makers, primarily in Asia. While future economic trends remain uncertain, MISUMI expects net sales, operating income, ordinary income and net income to continue to exceed initial forecasts and thus revises upward 2Q cumulative and full year forecasts.
• Regarding revisions to dividend forecasts
Dividends per Share (Yen) |
|||||
|---|---|---|---|---|---|
End 1Q | End 2Q | End 3Q | Year-end | Annual | |
Previous Forecast |
- |
8.00 |
- |
8.10 |
16.10 |
Revised Forecast |
- |
9.70 |
- |
9.30 |
19.00 |
FY2010 Results |
- |
- |
- |
- |
- |
Previous Year (FY2009) Results |
- |
2.00 |
- |
8.00 |
10.00 |
Reason for the revisions
We revise upward our dividend forecasts in accordance with our upward revisions to earnings forecasts. We revise upward our 2Q dividend forecast to ¥9.7 (up ¥1.7) per share and our annual dividend payout to ¥19 (up ¥2.9) per share.
The above forecasts are based on information available as of the date the present materials were announced. Actual results may differ from forecasts as a result of a variety of factors.
