October 23, 2009

DIC Announces
Revision of Operating Results Forecasts

DIC Announces
Revision of Operating Results Forecasts



On October 23, 2009, DIC announced that it has revised its consolidated operating results forecasts for the six months ended September 30, 2009, and the fiscal year ending March 31, 2010, in light of recent trends in its operating performance. Details of the revisions are shown below. DIC published its previous forecasts on August 7, 2009.

 

 

Revised consolidated operating results forecast for the six months ended September 30, 2009

                                                                         (Millions of yen)

	Net sales	Operating income	Ordinary income (loss)	Net income (loss)	Net income per share
Previous forecast (A)	¥350,000	¥2,500	¥(2,500)	¥(4,000)	¥(5.06)
Revised forecast (B)	360,000	7,700	2,900	500	0.63
Change (B–A)	10,000	5,200	5,400	4,500
Percentage change (%)	2.9%	208.0%	—	—
(Reference) Results for the fiscal year ended March 31, 2009	511,841	17,218	14,521	10,189	12.88

 

Revised consolidated operating results forecast for the fiscal year ending March 31, 2010

                                                                         (Millions of yen)

	Net sales	Operating income	Ordinary income	Net income (loss)	Net income per share
Previous forecast (A)	¥730,000	¥15,000	¥4,000	¥(4,000)	¥(5.06)
Revised forecast (B)	750,000	20,000	10,000	(2,500)	(3.16)
Change (B–A)	20,000	5,000	6,000	1,500
Percentage change (%)	2.7%	33.3%	150.0%	—
(Reference) Results for the fiscal year ended March 31, 2008	932,334	25,356	15,191	2,648	3.35

 

Reasons for Revision

 

Net sales: Of particular note, domestic demand is expected to remain stronger than anticipated when the previous results forecast was published.

 

Operating income: Despite the positive impact of an improved product mix, increase in sales quantity, efforts to cut costs in the first two quarters of the fiscal year ending March 31, 2010, mainly in Japan, there is concern about the prospect of rising raw materials prices in and after the third quarter. Additionally, overseas subsidiaries have some risk to generate a loss related to restructuring measures, among others.

 

Owing to the impact of these and other factors, DIC has revised its consolidated operating results forecast as above.