For Immediate Release
Company name: DAIICHI SANKYO COMPANY, LIMITED
Representative: Joji Nakayama, President and CEO
(Code no.: 4568, First Section of Tokyo, Osaka and Nagoya Stock Exchanges)
Please address inquiries to Toshiaki Sai, Corporate Officer,
Vice President, Corporate Communications Department
Telephone: +81-3-6225-1126 (Public Relations)
+81-3-6225-1125 (Investor Relations)
http://www.daiichisankyo.com/
Differences Between Consolidated Forecasts and Results for Six Months Ended September 30, 2010 and Revisions to Consolidated Earnings Forecasts for Fiscal Year Ending March 31, 2011
Tokyo, Japan (October 29, 2010) –Daiichi Sankyo Company, Limited (hereafter, Daiichi Sankyo) today announced differences between the consolidated earnings forecasts (announced on August 31, 2010) and the results (announced today) for the first six months of the fiscal year ending March 2011.
In addition, Daiichi Sankyo announced a revision of consolidated earnings forecasts for the fiscal year ending March 2011 which were announced on August 31, 2010, in light of recent trends in operating performance. See below for details.
1. Differences between consolidated earnings forecasts and results for First Six Months of Fiscal Year Ending March 2011
(From April 1, 2010 to September 30, 2010)
| |
Net sales
(Millions of yen) |
Operating income
(Millions of yen) |
Ordinary income
(Millions of yen) |
Net income
(Millions of yen) |
Net income per share
(Yen) |
| Previous forecasts (A) |
495,000 |
70,000 |
70,000 |
33,000 |
46.88 |
| Results (B) |
498,886 |
90,107 |
92,647 |
52,154 |
74.09 |
| Change (B-A) |
3,886 |
20,107 |
22,647 |
19,154 |
– |
| Percentage of change (%) |
0.8 |
28.7 |
32.4 |
58.0 |
– |
(Reference)
Results of first six months of FY2009 |
470,568 |
50,850 |
52,259 |
18,691 |
26.55 |
2. Revisions to consolidated earnings forecastsfor Fiscal Year Ending March 2011
(From April 1, 2010 to March 31, 2011)
| |
Net sales
(Millions of yen) |
Operating income
(Millions of yen) |
Ordinary income
(Millions of yen) |
Net income
(Millions of yen) |
Net income per share
(Yen) |
| Previous forecasts (A) |
980,000 |
90,000 |
85,000 |
45,000 |
63.93 |
| Revised forecasts (B) |
980,000 |
100,000 |
100,000 |
55,000 |
78.13 |
| Change (B-A) |
0 |
10,000 |
15,000 |
10,000 |
|
| Percentage of change (%) |
0.0 |
11.1 |
17.6 |
22.2 |
|
(Reference)
Results of previous fiscal year(FY2009) |
952,105 |
95,509 |
103,114 |
41,852 |
59.45 |
3. Main reasons for the differences and the revision
In the six months ended September 30, 2010, operating income rose due to efforts to curtail overall expenses, mostly R&D expenses being carried forward into the third quarter or later, and other factors. Also, ordinary income and net income rose significantly above the forecasts.
For the fiscal year ending March 31, 2011, while on one hand we fear a decrease in sales due to the long-term trend of the strong yen, mainstay product sales are expected to expand, offsetting any decrease. Therefore, the initial forecast for net sales is unchanged. Daiichi Sankyo is upwardly revising profits in order to push forth the curtailment of overall expenses.
The above forecasts are based on information currently available and certain assumptions that the Company regards as reasonable. Actual performance and other results may differ materially from these forecasted figures due to various factors.
End