Company Name: Fuji Heavy Industries Ltd.
Representative: Mr. Ikuo Mori, President and CEO
Code number: 7270(1st section of Tokyo Stock Exchange)
Contact for inquiries; Mr. Kazuto Sakamoto
General Manager of Administration Department.
Phone: (03)-3347-2005
Revision of Performance Projection for the 1st Half of Fiscal Year Ending
March 31, 2009
Considering the current situation, Fuji Heavy Industries Ltd. (FHI) has announced the revision of performance projection for the 1st half of Fiscal Year ending March 31, 2009, which was released at the timing of consolidated and non-consolidated basis financial results of Fiscal Year ended March 2008 announcement on April 28, 2008.
1. Revision of Performance Projection for consolidated basis of 1st half of Fiscal Year Ending March 31,
2009 (From April 1, 2008 to September 30, 2008)
(Unit: Millions of yen)
Net Sales |
Operating Income |
Ordinary Income |
Net Income |
Net income per share (Yen) |
|
| Previous projection (A) | 740,000 |
1,000 |
500 |
0 |
0 |
| Current revised projection (B) |
740,000 |
8,000 |
6,000 |
0 |
0 |
| Increase and decrease (B-A) | ― |
7,000 |
5,500 |
― |
― |
| Change of percentage (%) | ― |
700.0 |
1,100.0 |
― |
― |
| Actual results of the 1st half of FY 2008 |
708,817 |
18,905 |
14,162 |
7,832 |
10.91 |
2. Reasons of consolidated revision
Regarding the projection for the first half period, gain on currency exchange due to the trends toward a weaker yen
than initially forecasted for both the first quarter and the current period and an improvement of sales volume and mix
for the Automobile Division in the overseas market are expected. Therefore, we revise the operating income of ¥8.0
billion and ordinary income of ¥6.0 billion, an increase of ¥7.0 billion and ¥5.5 billion, respectively, over initial
projections.
On the other hand, though based on these projections for the revision of first half outlook, getting severe market
environments for the Automobile Division both domestically and overseas, the rising cost of raw materials, and the
volatility in currency exchange, rojections for the fiscal year remain unchanged since the previous forecast.
(Note) |
Above-mentioned projection is based on the assumptions and management's judgment in light of |
End