For Immediate Release
Company name: DAIICHI SANKYO COMPANY, LIMITED
Representative: Takashi Shoda, President and Representative Director
(Code no.: 4568, First Section, Tokyo, Osaka and Nagoya Stock Exchanges)
Please address inquiries to Toshio Takahashi
Corporate Officer and General Manager
Corporate Communications Department
Telephone: +81-3-6225-1126
Report concerning revisions to the forecasted results of our sub-subsidiary company (Fuji Flour Milling Co., Ltd.)
Tokyo, October 17, 2005 -DAIICHI SANKYO COMPANY, LIMITED has announced that Fuji Flour Milling Co., Ltd., an affiliate company of our Group, has revised its business achievement forecasts for the fiscal year ended March 2006, which was originally released on May 13, 2005. (Please refer to the Appendix) The effect that these revisions to their forecasted business achievements will have on the consolidated results with our company is negligible.
Appendix
October 17, 2005
For Immediate Release
Company name: Fuji Flour Milling Co., Ltd.
Code no.: 2007
Please address inquiries to Takeyuki Nakura, Executive Director,
Administrative Headquarters and Director, Finance Department
Tel: +81-543-34-2311
Announcement of Revised Results Forecasts
In light of recent performance trends, the following revisions have been made to the results forecasts announced on May 13, 2005.
1. Revised Results Forecast for the Interim Period of Fiscal Year 2005(April 1, 2005 -September 30, 2005).
| |
Net sales
|
Ordinary
income
|
Net income
|
|---|
|
Previous forecast (A)
(announced on May 13, 2005)
|
6,000
|
90
|
140
|
|---|
|
Revised forecast (B)
|
5,900
|
200
|
210
|
|---|
|
Increase/decrease (B-A)
|
-100
|
110
|
70
|
|---|
|
Percentage increase/decrease
|
-1.7
|
122.2
|
50.0
|
|---|
|
Results from the same period of the
previous fiscal year(through September 2004)
|
6,213
|
44
|
-26
|
|---|
2. Revised Results Forecast for the Fiscal Year 2005(April 1, 2005 -March 31, 2006).
| |
Net sales
|
Ordinary
income
|
Net income
|
|---|
|
Previous forecast (A)
(announced on May 13, 2005)
|
11,800
|
225
|
200
|
|---|
|
Revised forecast (B)
|
11,500
|
230
|
220
|
|---|
|
Increase/decrease (B-A)
|
-300
|
5
|
20
|
|---|
|
Percentage increase/decrease
|
-2.5
|
2.2
|
10.0
|
|---|
|
Results from the same period of
the previous fiscal year (through March 2005)
|
11,949
|
28
|
-40
|
|---|
3. Reasons for the Revisions
Due to intensification of competition in the food and fisheries feed industries, net sales for this interim period are expected to fall short of previously announced forecasts. Due to the implementation of cost controls such as personnel retrenchment to effect cost reductions, and the strengthening of stock management to reduce logistics costs, ordinary income for this interim period is expected to exceed forecasts.
Regarding the forecast for the entire fiscal year, stringent market conditions are expected to continue through the latter half of the fiscal year, and sales are expected to fall short of the previous forecast. As for ordinary income forecasts, surges in logistics costs and oil-related materials costs are expected to accompany recent surges in crude oil prices. However, through continuing cost reduction efforts, we estimate that sales will surpass previously released forecasts.
End