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| April 22,2002 |
| Mitsubishi Rayon Co., Ltd. |
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| Revised Estimates of Business Performance |
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| In response to recent developments in the Company's
business performance, we have revised our forecasts of business
results for fiscal 2001, ended March 31, 2002, which were released
on November 16, 2001. The revised estimates are shown below. |
|
|
| 1. Estimates of business results
on a consolidated basis for the term ended March 31, 2002 |
| ( millions of yen ) |
|
| |
Net sales |
Operating income |
Ordinary income |
Net income
(loss) |
Previous forecast
(A)
(Released
Nov. 16, 2001)
|
308,000
|
19,500
|
15,500
|
1,100 |
| Revised estimate
(B) |
306,000 |
19,000 |
15,000 |
(600) |
| Increase (decrease)
(B-A) |
(2,000) |
(500) |
(500) |
(1,700) |
| Percentage change |
(0.6) |
(2.5) |
(3.2) |
- |
Figure for
previous term
(to
March 31, 2001) |
326,254 |
20,607 |
17,473 |
(141) |
|
|
|
|
| 2. Estimates of business results
on a non-consolidated basis for the term ended March 31,
2002 |
| ( millions of yen ) |
|
| |
Net sales |
Operating income |
Ordinary income |
-Net
income
(loss) |
Previous forecast
(A)
(Released
Nov. 16, 2001)
|
211,000
|
13,000 |
12,500
|
1,500 |
| Revised estimate
(B) |
211,250 |
13,400 |
13,140 |
180 |
| Increase (decrease)
(B-A) |
250 |
400 |
640 |
(1,320) |
| Percentage change |
0.1 |
3.0 |
5.1 |
(88.0) |
Figure for
previous term
(to
March 31, 2001) |
242,026 |
15,536 |
14,239 |
(4,428) |
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| 3. Reasons for Revision |
|
--In view of the
continuing deterioration in the already severe business environment
of all the Mitsubishi Rayon group's business operations,
due to a decline in demand on a global scale, we now expect
both operating income and ordinary income on a consolidated
basis to fall slightly below the levels forecast in November.
--In addition,
owing to the posting of losses on the sale
of shares of equity-method affiliates overseas,
whose business performance has been stagnating,
as well as extraordinary losses including
losses stemming from the group's withdrawal
from the spinning business in Japan, net
losses are expected on a consolidated basis.
--It remains
our intention to pay a term-end dividend
of 3 Yen per share for a total annual dividend
of 6 Yen. |
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| For further informaiton,please contact
to: |
|
Mitsubishi Rayon Co.,Ltd.
Public & Investor Relations Office: |
e-mail : koho@mrc.co.jp |
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