SUMIDA: Investor News

Revision of Consolidated Business Forecast for FY2009

October 22nd 2009 Press Release

SUMIDA CORPORATION, hereby announces the revision of the consolidated business forecast for Fiscal Year 2009 (01/01/09 ~ 31/12/09) released on 31st July, 2009.

  1. Revision of Consolidated Business Forecast for FY2009
    1. Consolidated Business Forecast for 2nd Half FY2009 (01/07/09 ~ 31/12/09)
      (Millions of yen)
        Net sales Operating
      income
      Ordinary
      income
      Net income EPS
      (Yen)
      For Reference:
      Previous Forecast (A)
      (Released on 31st Jul, 09)
       24,455  472 97  65 3.38
      Revised Forecast (B)
      (Released on 22nd Oct, 09)
       24,455 1,172  517 65 3.38
      Variance (B-A)  0 700 420 0 0
       % of Variance  0.0% 148.3% 433.0% 0.0% 0.0%
    2. Consolidated Business Forecast for FY2009 (01/01/09 ~ 31/12/09)
      (Millions of yen)
        Net sales Operating
      income
      Ordinary
      income
      Net income EPS
      (Yen)
      Previous Forecast (A)
      (Released on 31st Jul, 09)
      43,100 (1,250) (1,600) (2,000) (104.10)
      Revised Forecast (B)
      (Released on 22nd Oct, 09)
      43,100 (550) (1,180) (2,000) (104.10)
      Variance (B-A) 0 700 420 0 0
  2. Reasons for the Revision
    In Fiscal Year 2009, sales are expected to increase as we planned and we have been taking various measures to reduce fixed cost. As a result, we have turned into the black from June thereafter and we expect operating profit in the 3rd quarter (Jul-Oct), 09 for the first time in the past four quarters. Based on these backgrounds, we decided to revise the full year forecast as we expect to significantly improve both operating income and ordinary income for the full year as well.

    Forecast of consolidated net profit will not be revised. This is due to our plan to record business restructuring cost in the 4th quarter in order to further improve our cost structure thoroughly as the countermeasure of uncertain business environment which we expect would last for some time.

    We are going to disclose the results of the 3rd quarter FY2009 on 29th Oct, 09.

 

Please click on the press release link above to view a pdf version of this item. 

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