October 25, 2013
Company name: Fuji Heavy Industries Ltd.
Representative: Mr. Yasuyuki Yoshinaga, President and CEO
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 First Half of the Fiscal Year 2014 (from April 1 to September 30, 2013)
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, 2014 (from April 1 to September 30, 2013) which was released at the timing of consolidated financial results announcement on July 31, 2013.
Revision of consolidated basis performance projection for the first half of the fiscal year 2014
(from April 1 to September 30, 2013)
| Net sales | Operating Income | Ordinary Income |
Net Income | Net Income Per Share |
|
|---|---|---|---|---|---|
| Previous projection (A) | Millions of yen 1,060,000 |
Millions of yen 113,000 |
Millions of yen 110,500 |
Millions of yen 68,000 |
Yen 87.13 |
| Revised projection (B) | 1,120,000 | 150,000 | 146,000 | 99,000 | 126.86 |
| Increase and decrease (B-A) | 60,000 | 37,000 | 35,500 | 31,000 | — |
| Change of percentage (%) | 5.7 | 32.7 | 32.1 | 45.6 | — |
| Actual results of the first half of the fiscal 2013 (ended September 30, 2012) | 898,020 | 43,257 | 45,287 | 40,440 | 51.82 |
Reason for the revision
Performance projection for the first half of the fiscal year ending March 31, 2014 has been revised upward as stated above predicated on earnings enhancements from foreign-exchange effects and an improvement of sales mix as well as reduction in costs and expenses such as SG&A.
The revised consolidated performance projection for the first half of the fiscal year ending March 31, 2014 is based on assumed foreign exchange rates of ¥98/US$ and ¥129/EUR.
Full-year consolidated performance projection for the fiscal year ending March 31, 2014 are currently under examination and will be published concurrent with the release of consolidated financial results for the first half scheduled for October 31, 2013.
| 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.