October 30, 2012
Company name: Fuji Heavy Industries Ltd.
Representative: Mr. Yasuyuki Yoshinaga, President
Code number: 7270 (First Section of Tokyo Stock Exchange)
Contact for inquiries: Mr. Kazunori Yamafuji
General Manager of Administration Department
Phone: (0)3-3347-2005
Revision of Performance Projection
for the Fiscal Year 2013 (from April 1, 2012 to March 31, 2013)
Considering the current business trend, Fuji Heavy Industries Ltd. (FHI) has announced the revision of performance projection for the fiscal year ending March 31, 2013 (from April 1, 2012 to March 31, 2013) which was released at the timing of consolidated financial results announcement on May 7, 2010.
Revision of consolidated basis performance projection for the Fiscal 2013
(from April 1, 2012 to March 31, 2013)
| Net sales | Operating Income |
Ordinary Income |
Net Income | Net Income Per Share |
|
|---|---|---|---|---|---|
| Previous projection (A) | Millions of yen 1,860,000 |
Millions of yen 67,000 |
Millions of yen 63,000 |
Millions of yen 48,000 |
Yen 61.50 |
| Revised projection (B) | 1,840,000 | 82,000 | 81,000 | 67,000 | 85.85 |
| Increase and decrease (B-A) | (20,000) | 15,000 | 18,000 | 19,000 | — |
| Change of percentage (%) | (1.1) | 22.4 | 28.6 | 39.6 | — |
| Actual results of the fiscal 2012 (ended March 31, 2012) |
1,517,105 | 43,959 | 37,277 | 38,453 | 49.27 |
Reason of revision
Taking into account our expectations for an improvement of sales mix, etc. despite sluggish automobile sales in the Chinese and European market, FHI has revised the consolidated basis performance projection for the fiscal 2013 as described above.
The revised projection of the current fiscal year is based on assumed foreign exchange rates of ¥79/US$1.0 (¥80 at the previous announcement) and ¥102/EUR1.0 (¥99 at the previous announcement). Also, the outlook for the second half of the current fiscal year is based on assumed foreign exchange rates of ¥78/US$1.0 and ¥100/EUR1.0.
| 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.