Forecast results for the fiscal
half year ending September 30, 2004 and the fiscal
year ending March 31, 2005 announced on August 5,
2004 have been revised as
follows:
Fiscal half
year ending September 30, 2004
| Consolidated |
(millions of yen) |
| |
Net
sales |
Operating profit |
Ordinary profit |
Net
income |
| Previous
forecast |
657,000 |
45,000 |
42,000 |
21,000 |
| Revised
forecast |
659,274 |
55,109 |
55,325 |
26,889 |
| Increase |
2,274 |
10,109 |
13,325 |
5,889 |
| Percent
change |
+0.3% |
+22.5% |
+31.7% |
+28.0% |
| cf.
Fiscal half year ended September
30, 2003 |
586,020 |
22,680 |
18,017 |
10,284 |
|
| |
| Non-consolidated |
(millions of yen) |
| |
Net
sales |
Operating profit |
Ordinary profit |
Net
income |
| Previous
forecast |
16,000 |
9,500 |
9,500 |
10,000 |
| Revised
forecast |
16,293 |
11,514 |
11,517 |
9,538 |
| Increase
(decrease) |
293 |
2,014 |
2,017 |
(462) |
| Percent
change |
+1.8% |
+21.2% |
+21.2% |
-4.6% |
| cf.
Fiscal half year ended September
30, 2004 |
426,326 |
9,357 |
8,298 |
6,561 |
Fiscal year ending March 31, 2005
| Consolidated |
(millions of yen) |
| |
Net
sales |
Operating profit |
Ordinary profit |
Net
income |
| Previous
forecast |
1,325,000 |
110,000 |
104,000 |
51,000 |
| Revised
forecast |
1,388,000 |
115,000 |
112,000 |
56,000 |
| Increase
(decrease) |
63,000 |
5,000 |
8,000 |
5,000 |
| Percent
change |
+4.8% |
+4.5% |
+7.7% |
+9.8% |
| cf.
Fiscal year ended March
31, 2004 |
1,253,534 |
60,932 |
53,643 |
27,672 |
|
| |
| Non-consolidated |
(millions of yen) |
| |
Net
sales |
Operating profit |
Ordinary profit |
Net
income |
| Previous
forecast |
31,500 |
19,000 |
19,000 |
19,500 |
| Revised
forecast |
30,000 |
19,500 |
19,500 |
17,500 |
| Increase
(decrease) |
(1,500) |
500 |
500 |
(2,000) |
| Percent
change |
-4.8% |
+2.6% |
+2.6% |
-10.3% |
| cf.
Fiscal year ended March
31, 2004 |
431,010 |
4,653 |
3,841 |
1,737 |
|
|
Reasons for revision
Consolidated results for the fiscal half year are now expected to exceed the previous forecast largely due to performance of the chemicals operating segment, where sale price increases and expansion of operations in high value-added product fields were advanced to counter elevated costs for naphtha and other feedstocks.
Consolidated results for the fiscal year are now expected to exceed the previous forecast largely due to performance of the homes operating segment and the chemicals operating segment, where greater profitability is projected through further sale price increases to counter elevated feedstock costs and operating cost reductions.
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