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We revised our consolidated operating income forecast, with an upward revision to each income category since we raised the projected sales volume and revised the estimated yen rate for the second fiscal half on the assumption that the yen would appreciate further.
We expect figures for net sales and all operating income categories to reach record high levels.
Net sales are expected to total 1,890.0 billion yen for a year on year increase of 372.9 billion yen. This surge will come from a gain of 329.8 billion yen resulting from a better sales mix variance due to increases in new car model sales volumes in the North American as well as other markets, a gain of 35.1 billion yen as a result of the corrected yen rate against other currencies, as well as a gain of 8.0 billion yen from increased sales at the three internal companies.
Operating income is projected to be up 63.0 billion yen year on year to total 107.0 billion yen. Factors behind this increase include a better sales mix variance, reduced materials costs, and foreign exchange gains which will offset higher SG&A expenses and increased R&D expenses. We will look at this in further detail later on.
Ordinary income is expected to increase 61.7 billion yen year on year to total 99.0 billion yen.
Income before income taxes and minority interests will rise 39.1 billion yen to reach 92.0 billion yen due to the gain on the sale of the Subaru Building that was posted as an extraordinary income last fiscal year.
Net income is projected to total 76.0 billion yen for a year on year increase of 37.5 billion yen. |
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