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We have revised our forecasts released on May 2, 2008 of the Company’s business performance for the first half of fiscal 2008 (April 1 to September 30), and for the full term (ending March 31, 2009), on a consolidated basis, as well as our forecasts of dividend payments for the term. The latest forecasts are given below.
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| 1. |
Forecasts for business results on a consolidated basis for the first half of fiscal 2008 (April 1 – Sept. 30) |
| (millions of yen) |
| |
Sales |
Operating income |
Net income |
EPS |
Previous forecast (A)
(Released May 2, 2008) |
213,000 |
11,000 |
3,500 |
¥6.11 |
| Revised forecast (B) |
203,000 |
3,500 |
500 |
¥0.87 |
Decrease
(B-A) |
(10,000) |
(7,500) |
(3,000) |
(¥5.24) |
| Percentage change |
(4.7) |
(68.2) |
(85.7) |
(85.8) |
Figure for first half
of previous term
(to Sept. 30, 2007) |
213,588 |
22,829 |
10,905 |
¥18.19 |
| 2. |
Forecasts for business results on a consolidated basis for the fiscal 2008 full term (April 1, 2008 – March 31, 2009) |
| (millions of yen) |
| |
Sales |
Operating income |
Net income |
EPS |
Previous forecast (A)
(Released May 2, 2008) |
430,000 |
24,000 |
9,500 |
¥16.60 |
| Revised forecast (B) |
405,000 |
6,000 |
0 |
¥0.00 |
Decrease
(B-A) |
(25,000) |
(18,000) |
(9,500) |
(¥16.60) |
| Percentage change |
(5.8) |
(75.0) |
(100.0) |
(100.0) |
Figure for previous
term (to March 31, 2008) |
418,529 |
37,508 |
14,274 |
¥23.92 |
| 3. |
Forecasts for fiscal 2008 interim and term-end dividends |
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Dividend per share (¥) |
| Dividend type |
Interim |
Term-end |
Annual total |
| Previous forecast (May 2, 2008) |
5.50 |
5.50 |
11.00 |
| Current forecast |
3.0 |
3.00 |
6.00 |
| Dividend for the previous term (ended March 31, 2008) |
5.50 |
5.50 |
11.00 |
| 4. |
Reasons for revised forecasts |
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| The Company's business environment during the first half of the current term has deteriorated even further than was assumed at the time of our previous forecasts on May 2 of this year, and business conditions are expected to remain difficult for the rest of the fiscal 2008. This is mainly due to sharp rises in the prices of fuel oil and raw materials, which have led to fears of an economic downturn, thus causing demand for the Company's products to weaken and the Company's earnings to deteriorate severely. As a result, we have been forced to revise downward our forecasts for the Company's business performance for the first half of fiscal 2008 and for the full term. Concomitantly, we have also revised downward our forecasts for the fiscal 2008 interim and term-end dividend payments. |
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