ºÚÁÏÍø

Notice of Revised Non-consolidated Business Forecast for Fiscal Year Ending March 31, 2009

Listed Stock Name:ºÚÁÏÍø., Ltd.
President & CEO:Haruo Naito
Headquarters:4-6-10 Koishikawa, Bunkyo-ku, Tokyo
Securities Code:4523
Listed Locations:First Sections of the Tokyo Stock Exchange
& the Osaka Securities Exchange
Inquiries:Akira Fujiyoshi
Vice President
Corporate Communications
Phone: +81-3-3817-5120

With respect to the transfer price between the U.S. and Japan, Advance Pricing Arrangement (APA) which ºÚÁÏÍø group had applied to tax authorities in Japan and the U.S was agreed between them. In accordance with this agreement, ºÚÁÏÍø., Ltd. (Headquarters: Tokyo, President & CEO: Haruo Naito) has revised the full-year non-consolidated business forecast for the fiscal year ending March 31, 2009, (April 1, 2008 to March 31, 2009) originally announced on January 30, 2009 in the “Quarterly Financial Reports for the Third Quarter of the Year Ending March 31, 2009” as below-mentioned.

Since this revision is based on intercompany transactions, we have not revised the full-year consolidated forecast for the fiscal year ending March 31 which was announced on January 30, 2009.

1. Revised the full-year non-consolidated business forecast for the fiscal year ending March 31, 2009 (April 1, 2008 to March 31, 2009)

(unit: million yen)

*You can scroll to the left or right here

  Net Sales Operating Income Ordinary Income Net Income Earnings per Share (¥)
Previous Forecast (A)
(Announced on January 31, 2009)
401,000 67,500 57,500 36,000 126.26
Revised Forecast (B) 411,500 78,000 68,000 52,500 184.27
Changes in Amount
(B-A)
10,500 10,500 10,500 16,500 -
Percentage of Change 2.6% 15.6% 18.3% 45.8% -
 
(Reference)
Business Results for the fiscal year ended March 31, 2008
389,200 73,106 71,033 45,982 161.63

2. Reasons for revision

  • Based on the agreements of APA, our U.S. subsidiary ºÚÁÏÍø Inc. pays 17 billion yen (US$ 179 million) as prior period adjustment to ºÚÁÏÍø., Ltd. and we book the before-mentioned amount as Special Gain for the fiscal year ended March 31, 2009.
  • As a result of reviewing royalty rate between Japan and the U.S. with consideration of this agreed contents, we anticipate net sales will increase by 10.5 billion yen (US$ 110 million)
  • *
    Please note that actual business result may change due to several factors since the above-mentioned forecasts were made based on information as of March 27, 2009.