Tsumura Revises Earning Forecast
2008.08.05
- News Release
- News Release
Tsumura & Co. (Headquarters: Tokyo, President: Junichi Yoshii) is pleased to announce that it has revised the earnings forecast announced on May 14, 2008, based on recent performance trends. Details are as follows:
Revision of the earnings forecast for the first half of the fiscal year
ending March 2009
(from April 1, 2008 to September 30, 2008)
(Million yen)
| Net sales | Operating profit | Recurring income | Net income | |
|---|---|---|---|---|
| Previous forecast (A) | 46,600 | 7,800 | 7,700 | 4,700 |
| Revised forecast (B) | 44,200 | 7,400 | 7,700 | 5,000 |
| Change (B - A) | -2,400 | -400 | - | 300 |
| Rate of change | -5.2% | -5.1% | - | 6.4% |
| (For reference) Results in the first half of the previous fiscal year (First half of the fiscal year ended March 2008) |
45,729 | 7,546 | 7,360 | 4,204 |
Revision of the earnings forecast for the fiscal year ending March 2009
(from April 1, 2008 to March 31, 2009)
| Net sales | Operating profit | Recurring income | Net income | |
|---|---|---|---|---|
| Previous forecast (A) | 97,600 | 17,000 | 16,800 | 10,000 |
| Revised forecast (B) | 88,400 | 16,000 | 16,300 | 10,000 |
| Change (B - A) | -9,200 | -1,000 | -500 | - |
| Rate of change | -9.4% | -5.9% | -3.0% | - |
| (For reference) Results in the previous fiscal year (Fiscal year ended March 2008) |
94,799 | 15,820 | 15,258 | 9,139 |
Reason for the revision
Tsumura decided to transfer all the shares in Tsumura Life Science Co., Ltd., a subsidiary, on July 15, 2008, which decision was announced on the same date. The decision is the main reason of the revision of the earnings forecast.
[For reference]
The Company revised part of the numerical targets in the (consolidated) medium-term management plan for fiscal 2007 through fiscal 2009 and disclosed the revision in the section "3. Management policy, (2) Target financial data and medium- to long-term management strategies" in the brief announcement of the results for the fiscal year ended March 2008. In association with the revision of the earnings forecast for the fiscal year ending March 2009, the Company also revised the numerical targets. The details of the revision are shown in the table below.
Revision of the earnings forecast for the fiscal year ending March 2010
(from April 1, 2009 to March 31, 2010)
(Million yen)
| Net sales | Operating profit | Recurring income | Net income | |
|---|---|---|---|---|
| Previous forecast (A) | 103,700 | 20,000 | 19,900 | 11,800 |
| Revised forecast (B) | 91,800 | 19,000 | 19,200 | 11,300 |
| Change (B - A) | -11,900 | -1,000 | -700 | -500 |
| Rate of change | -11.5% | -5.0% | -3.5% | -4.2% |