The plan for the first half is lower revenues and income.
Net sales are reduced at Fuji Robin Industries in response to last year’s takeover bid by Makita, and at the subsidiaries aiming for higher asset turnover. This is also because of slightly strong yen is being expected.
Regarding the operating income, as it will be explained in details later, this first half is being a premature-releasing for significant new model vehicles, so the period is seen as a very difficult time for the sales, with forecast for a deterioration of sales volume and mixture. Also, as to the foreign exchange, a slightly stronger yen is expected compared to the same period of last fiscal year, which makes it difficult to cover by the material cost and SG&A expense reductions, resulting in 13.1 billion yen less to 5 billion yen as the operating income.
Ordinary income is forecasted to fall from 12.9 billion yen to 1 billion yen, with the period’s net income falling from 11.6 billion yen to zero.