October 5, 2005
Fuji Heavy Industries Ltd.
Fuji Heavy Industries Ltd.
Revision of Performance Projection for Fiscal Year Ending March 31, 2006
Fuji Heavy Industries Ltd. (FHI) has announced the revision of performance projection for Fiscal Year Ending March 31, 2006 (From April 1, 2005 to March 31, 2006) which was released at the timing of consolidated and non-consolidated basis financial results announcement on May 12, 2005.
1.
(1) Consolidated Basis Revision of Performance Projection for 1st Half of Fiscal 2006
(From April 1, 2005 to September 30, 2005)
（Unit: Millions of yen）
| Net sales | Ordinary income | Net income | |
|---|---|---|---|
| Previous projection (A) | 670,000 | 2,000 |
0 |
| Revised projection (B) | 670,000 | 10,000 | 5,000 |
| Increase and decrease (B-A) | 0 | +8,000 | +5,000 |
| Change of percentage (%) | 0 | +400.0 | - |
| Actual results of the previous fiscal year (Ended March 31, 2005) |
690,791 | 15,061 | 8,275 |
(2) Non-consolidated Basis Revision of Performance Projection for 1st Half of Fiscal 2006
(From April 1, 2005 to September 30, 2005)
（Unit: Millions of yen）
| Net sales | Ordinary income | Net income | |
|---|---|---|---|
| Previous projection (A) | 450,000 | 10,000 |
7,000 |
| Revised projection (B) | 470,000 | 20,000 | 12,000 |
| Increase and decrease (B-A) | +20,000 | +10,000 | +5,000 |
| Change of percentage (%) | ＋＋4.4 | +100.0 | +71.4 |
| Actual results of the previous fiscal year (Ended March 31, 2005) |
486,402 | 16,896 | 6,706 |
2.
(1) Consolidated Basis Revision of Performance Projection for Fiscal Year Ending March 31, 2006
(From April 1, 2005 to March 31, 2006)
（Unit: Millions of yen）
| Net sales | Ordinary income | Net income | |
|---|---|---|---|
| Previous projection (A) | 1,470,000 | 27,000 | 15,000 |
| Revised projection (B) | 1,480,000 | 29,000 | 12,000 |
| Increase and decrease (B-A) | +10,000 | +2,000 | -3,000 |
| Change of percentage (%) | +0.7 | +7.4 | -20.0 |
| Actual results of the previous fiscal year (Ended March 31, 2005) |
1,446,491 | 43,572 | 18,238 |
(2) Non-consolidated Basis Revision of Performance Projection for Fiscal Year Ending March 31, 2006
(From April 1, 2005 to March 31, 2006)
（Unit: Millions of yen）
| Net sales | Ordinary income | Net income | |
|---|---|---|---|
| Previous projection (A) | 944,000 | 29,000 | 10,000 |
| Revised projection (B) | 950,000 | 32,000 | 9,000 |
| Increase and decrease (B-A) | +6,000 | +3,000 | -1,000 |
| Change of percentage (%) | +0.6 | +10.3 | -10.0 |
| Actual results of the previous fiscal year (Ended March 31, 2005) |
949,511 |
31,304 | 2,503 |
３．Reason of revisions
We have revised ordinary income and net income due to the following factors. With regard to net sales, we keep as same.
（Unit: Millions of yen）
| Reason of Revisions | 1st Half of Fiscal 2006 | Fiscal 2006 | |||
|---|---|---|---|---|---|
| Consolidated basis | Non-consolidated basis | Consolidated basis | Non-consolidated basis | ||
| Ordinary income | Reduction of the R&D expenses by the improvement of efficiency in some activities | +40 | +40 | +60 | +60 |
| Decrease in direct material cost by pulling forward the cost reduction programs | +20 | - | - | - | |
| Improvement and deterioration in automobile sales volume and mixture | -60 | +40 | -130 | -50 | |
| Decrease in SG&A expenses and others | +50 | +20 | +60 | +20 | |
| Increase in amortization of consolidation adjustments | +30 | - | +30 | - | |
| Net income | Extraordinary loss from discontinuation of the joint development | -50 | -50 | -50 | -50 |
| Note: | Above mentioned projections are based on certain assumptions and our management’s judgement in light of currently available information, therefore actual results may differ from these projections. |
以上