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Full year forecasts predict an increase in net sales of ¥33.5 billion. The termination of SIA’s consignment production will cause a decrease of ¥24.3 billion; however, improvements in overseas sales mix and increases in sales of the three internal companies will make up for it.
Operating income will decrease by ¥3.0 billion, with the details to be explained later in this presentation.
Non-operating areas are expected to see depreciation through amortization of consolidation adjustments falling by ¥3.6 billion (¥6.9 billion to ¥3.3 billion) and currency consolidation adjustment losses at ¥5.5 billion. Ordinary income is expected to be ¥14.6 billion less than the previous year at ¥29.0 billion.
Current net income saw an extraordinary losses of ¥5.6 billion associated with the end of joint development with Saab (accounted for in the first half), decrease from asset-impairment account to ¥6.0 billion and a predicted extraordinary loss due to organizational streamlining. Conversely, extraordinary losses of ¥8.1 billion from the aerospace company’s loss on devaluation of inventories seen last fiscal year, loss on compensation to suppliers of ¥4.2 billion and losses of ¥3.5 billion of discontinued operations will not be seen this period. This is forecasted to result in net income of ¥12.0 billion, a decrease of ¥6.2 billion. |
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