Company name: Fuji Heavy Industries Ltd.
Representative: Mr. Ikuo Mori, President and CEO
Code number: 7270 (First Section of Tokyo Stock Exchange)
Contact for inquiries; Mr. Kazuto Sakamoto
General Manager of Administration Department
Phone: (03)-3347-2005
Revision of Performance Projection
for the First Half of the Fiscal Year 2009 (from April 1 to September 30, 2008)
Considering the current business trend, Fuji Heavy Industries Ltd. (FHI) has announced the revision of performance projection for the first half of the fiscal year ending March 31, 2009 (from April 1, 2008 to March 31, 2009) which was released at the timing of consolidated basis of the first quarter financial results announcement on August 1, 2008.
1. Revision of consolidated basis performance projection for the first half of the Fiscal 2009 (from April 1to September 30, 2008)
| Net sales | Operating Income | Ordinary Income |
Net Income | Net Income Per Share (yen) | |
|---|---|---|---|---|---|
| Previous projection (A) | 740,000 | 8,000 | 6,000 | 0 | 0.00 |
| Revised projection (B) | 740,000 | 18,300 | 18,100 | 4,300 | 5.78 |
| Increase and decrease (B-A) | 0 | 10,300 | 12,100 | 4,300 | 5.78 |
| Change of percentage (%) | － | 128.8 | 201.7 | － | － |
| Actual results of the first half of the fiscal 2008 (ended September 30, 2007) | 708,817 | 18,905 | 14,162 | 7,832 | 10.91 |
2. Reason of revision of consolidated basis performance projection for the first half of the Fiscal 2009
In terms of operating income, ordinary income and net income, FHI has revised the projection according to the following factors.
| Factors of revision | First half of the Fiscal 2009 | |
|---|---|---|
| Operating Income | Decrease of loss on currency exchange, Improvement of sales volume and mixture and so on etc. |
+103 |
| Ordinary Income | Increase of operating income etc. | +121 |
| Net Income | Increase of ordinary income etc. | +43 |
Furthermore, the performance projection for the fiscal year ending March 2009 (from April 1, 2008 to March 31, 2009) announced on April 28, 2008, remains unchanged at this stage. FHI is now reviewing the impact on the business operation in consideration of current market situation, such as the deteriorating sales volume along with the slowdown of real economy which is arising from the global financial crunch, the volatility in currency exchange and the rising cost of raw materials. It will make announcement on October 31, 2008, when FHI will release the financial results of the first half of the year.
Note: Above mentioned projections are based on certain assumptions and our management’s judgment in light of currently available information, therefore actual results may differ from these projections.
End.