Based on the business climate and other factors, amendments have been made as follows to the Consolidated Interim Business Outlook and Non-Consolidated Interim Business Outlook for FY2007 (ending March 31, 2008), which were released on August 3, 2007 when the first quarter results were reported.
1. Amendments to the Consolidated Interim Business Outlook of FY2007 (for the Period from April 1, 2007 to September 30, 2007):
| Net sales | Operating income |
Ordinary income |
Interim net income |
|
|---|---|---|---|---|
| Previously announced forecast (A) (announced on August 3, 2007) |
1,580,000 | 40,000 | 42,000 | 17,000 |
| Currently amended forecast (B) | 1,610,000 | 43,000 | 49,000 | 23,000 |
| Variance (B-A) | 30,000 | 3,000 | 7,000 | 6,000 |
| Rate of variance | 1.9% | 7.5% | 16.7% | 35.3% |
| Actual results of the previous year (ended September 30, 2006) |
1,469,510 | 48,558 | 50,576 | 21,049 |
2. Amendments to the Non-Consolidated Interim Business Outlook of FY2007 (for the Period from April 1, 2007 to September 30, 2007):
| Net sales | Operating income |
Ordinary income |
Interim net income |
|
|---|---|---|---|---|
| Previously announced forecast (A) (announced on August 3, 2007) |
1,480,000 | 13,000 | 11,000 | 7,000 |
| Currently amended forecast (B) | 1,500,000 | 18,000 | 20,000 | 13,000 |
| Variance (B-A) | 20,000 | 5,000 | 9,000 | 6,000 |
| Rate of variance | 1.4% | 38.5% | 81.8% | 85.7% |
| Actual results of the previous year (ended September 30, 2006) |
1,366,908 | 24,644 | 24,255 | 10,737 |
3. Reasons for the amendments:
The above amendments to the business outlook for the first half of the fiscal year mainly reflect a reduction in the impact by market deterioration on the petroleum business and an improvement in the balance between non-operating income and expenses, as expected in comparison with the previous forecast (announced on August 3, 2007).
In addition, a gain of ¥3 billion from the completion of the payment of retirement allowances is expected to be reported as an extraordinary income item in the income statements (both consolidated and non-consolidated) for the first half period (ended September 30, 2007). The gain is also reflected in the above updated forecast.
Consolidated and non-consolidated business forecasts for the full year are currently under careful examination in consideration of several variable factors, including crude oil price and foreign exchange fluctuations. These forecasts will be released in the announcement of the first half year results on November 6, 2007, as scheduled.
Note: The above outlook is based on data and information available as of the date of publication. However, actual results may differ materially from the forecasts due to effects from various factors
