News Release
News
FUJI OIL HOLDINGS
Announcement on Revisions to the Forecast Results for the Mid-term of the Period Ending March 2006
2005.10.21
(Note) Figures shown have been rounded down to the nearest million yen
Based on the recent trend of our performance, etc., the forecast consolidated and non-consolidated operating results for the mid-term of the period ending March 2006 (April 1, 2005 to September 30, 2005) in the Announcement of the Settlement of Accounts released on May 12, 2005 have been revised as follows:
Revisions to the Forecast Consolidated Results for the Mid-term of the Period ending March 2006
(April 1, 2005 to September 30, 2005)
(millions of yen)
(Note) Figures shown have been rounded down to the nearest million yen.
| Sales | Operating income | Ordinary income | Net income for the term | |
|---|---|---|---|---|
| Forecasts in the previous announcement(A) (Released on May 12,2005) | 86,000 | 5,100 | 4,900 | 2,500 |
| Forecasts after this revision(A) | 82,700 | 4,000 | 3,750 | 1,780 |
| Changes(B-A) | Δ3,300 | Δ1,100 | Δ1,150 | Δ720 |
| Rate of change(%) | Δ3.8 | Δ21.6 | Δ23.5 | Δ28.8 |
| Actual result in the previous term (mid-term of the period ending March 2005) | 82,852 | 5,027 | 4,870 | 3,127 |
Revisions to the Forecast Non-consolidated Results for the Mid-term of the Period ending March 2006
(April 1, 2005 to September 30, 2005)
(millions of yen)
(Note) Figures shown have been rounded down to the nearest million yen.
| Sales | Operating income | Ordinary income | Net income for the term | |
|---|---|---|---|---|
| Forecasts in the previous announcement(A) (Released on May 12,2005) | 52,500 | 4,000 | 4,100 | 2,400 |
| Forecasts after this revision(A) | 51,200 | 3,460 | 3,780 | 2,210 |
| Changes(B-A) | Δ1,300 | Δ540 | Δ320 | Δ190 |
| Rate of change(%) | Δ2.5 | Δ13.5 | Δ7.8 | Δ7.9 |
| Actual result in the previous term (mid-term of the period ending March 2005) | 51,820 | 3,794 | 4,304 | 2,548 |
Reasons for the Revision
During the first half of the period, in the non-consolidated results, the sales in the soy protein business fell far below initial estimates. In the consolidated results, the overseas sales remained strong in Europe but fell below the initial estimates in Asia and the US. The domestic sales of dessert products and soy milk were weaker than predicted. As a result of the declines in sales, the incomes are also estimated to fall below the initial forecasts.
The forecasts for the whole year are now being calculated, and after consideration of future economic conditions, market trends, etc., we will publish them in the announcement of the mid-term accounts which is scheduled for November 10, 2005.
(Note) The forecasts above have been made based on the information available at the time of this announcement, and the actual results may differ from these forecasts due to various factors.
End of report