October 31, 2013
Company name: Fuji Heavy Industries Ltd.
Representative: Mr. Yasuyuki Yoshinaga, President and CEO
Code number: 7270 (First Section of Tokyo Stock Exchange)
Contact for inquiries: Mr. Kazunori Yamafuji
General Manager of Administration Department
Phone: (0)3-3347-2005
Revision of Performance Projection
for the Fiscal Year 2014 (from April 1, 2013 to March 31, 2014)
Considering the current business trend, Fuji Heavy Industries Ltd. (FHI) has announced the revision of performance projection for the fiscal year ending March 31, 2014 (from April 1, 2013 to March 31, 2014) which was released at the timing of consolidated financial results announcement on July 31, 2013.
Revision of consolidated basis performance projection for the Fiscal 2014
(from April 1, 2013 to March 31, 2014)
| Net sales | Operating Income | Ordinary Income |
Net Income | Net Income Per Share |
|
|---|---|---|---|---|---|
| Previous projection (A) | Millions of yen 2,080,000 |
Millions of yen 198,000 |
Millions of yen 193,000 |
Millions of yen 121,000 |
Yen 155.04 |
| Revised projection (B) | 2,300,000 | 278,000 | 272,000 | 178,000 | 228.08 |
| Increase and decrease (B-A) | 220,000 | 80,000 | 79,000 | 57,000 | — |
| Change of percentage (%) | 10.6 | 40.4 | 40.9 | 47.1 | — |
| Actual results of the fiscal 2013 (ended March 31, 2013) |
1,912,968 | 120,411 | 100,609 | 119,588 | 153.23 |
Reason of revision
FHI has revised upward the performance projection for the fiscal year ending March 31, 2014 which was released at the timing of consolidated financial results announcement on July 31, 2013 as stated above. Despite a rise in expenses such as SG&A, enhanced earnings are expected mainly due to foreign-exchange effects, higher automobile unit sales, and reduction in costs. Projections of full-year consolidated business results of the current fiscal year are based on assumed foreign exchange rates of ¥97/US$ (previously ¥92/US$) and ¥127/EUR (previously ¥122/EUR). Exchange rate assumptions starting with the third quarter of the current fiscal year are ¥95/US$ and ¥125/EUR.
| Note: | Above mentioned projections are based on certain assumptions and our management's judgment in light of currently available information, therefore actual results may differ from these projections. |
End.