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Oct 23, 2001

Financial Forecast Revision

The financial forecast for the six months ended September 30, 2001 announced on August 2, 2001 has been revised as follows;

Consolidated and non-consolidated financial forecast for the year ending March 31, 2002 will be announced on the day of interim financial announcement.

Consolidated financial forecast revision
1. Financial forecast revision for the six months ended September 30, 2001
(April 1, 2001 - September 30, 2001)

(Millions of Yen, %)
  Net sales Ordinary income Income before income taxes Net income
Previous forecast
(A)
(August 2, 2001)
253,000 4,000 5,000 0
Revised forecast
(B)
 
250,000 9,800 107,000 2,300
Amount of increase/decrease
(B-A)
(3,000) 5,800 5,700 2,300
Percent increase/decrease
(B-A)
(1.2) 145.0 114.0 -
Results for the six months
ended September 30, 2000
328,082 53,866 48,753 29,418

Non-consolidated financial forecast revision
2. Financial forecast revision for the six months ended September 30, 2001
(April 1, 2001 - September 30, 2001)

(Millions of Yen, %)
  Net sales Ordinary income Income before income taxes Net income
Previous forecast
(A)
(August 2, 2001)
209,000 3,000 3,800 2,300
Revised forecast
(B)
 
209,500 11,400 12,200 7,700
Amount of increase/decrease
(B-A)
500 8,400 8,400 5,400
Percent increase/decrease
(B-A)
0.2 280.0 221.1 234.8
Results for the six months
ended September 30, 2000
283,265 26,820 25,628 14,908

Reasons for revision
The business environment surrounding the company remains severe, however, due to a series cost cutting efforts and operational improvements, the company's interim financial result is expected to exceed its previous financial forecast announced on August 2, 2001.
Therefore, the company has decided to revise its financial forecast.

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