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Taiheiyo Cement Corporation announced revisions to its full-year non-consolidated
financial results forecasts initially released with financial statements
on November 14, 2006. Details of the revisions are shown below.
1. Revisions to Full Year Non-consolidated Financial Results Forecasts
for Fiscal 2007
(April 1, 2006 - March 31, 2007)
|
Net sales |
Ordinary income |
Net income |
| Previous forecasts (A) |
309,000 |
22,000 |
8,500 |
| Revised forecasts (B) |
313,400 |
26,300 |
5,600 |
| Change (B)-(A) |
4,400 |
4,300 |
-2,900 |
| Percent change (%) |
+1.4% |
+19.5% |
-34.1% |
| Reference: FY2006 results |
309,016 |
20,875 |
-22,721 |
2. Primary reasons for the revisions are as follows.
Growth in net sales
Growth in the volume of domestic cement sales is expected to bring an increase in net sales.
Growth in ordinary income
Although higher fuel prices put downward pressure on profits, the above increases in revenues, a decline in fixed costs, and growth in dividends received is expected to result in higher ordinary income.
Decline in net income
Although ordinary income rose, extraordinary losses announced on March 22, 2007 and today are forecast to cause a decline in net income.
At this time, no significant variation from earlier full-year consolidated financial results forecasts is anticipated.
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