| November 16, 2006 |
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| Company Name: |
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ISEKI & CO., LTD. |
| Company representative: |
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Hiroyuki Nakano, President |
| Company code: |
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6310 |
| Stock Exchange Listings: |
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First Section, Tokyo Stock Exchange |
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First Section, Osaka Securities Exchange |
| Enquiries: |
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Kazuyoshi Sonoda, Managing Director
(Telephone: +81-3-5604-7710) |
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| To whom it may concern, |
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| Notice of Revision on Business Performance Forecast |
| We would like to promulgate the fact that we have revised the business performance
forecast for Fiscal Year ending March 31,2007(April 1, 2006 - March 31, 2007)
announced on May 18, 2006 on the occasion of the financial results announcement. |
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Note |
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| 1. |
Revised business performance forecast
for the six month period of FY ending March 31,2007
(April 1, 2006 - September
30,2006) |
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A) |
Consolidated interim period
performance forecast |
(Units: millions of yen,%) |
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Net Sales |
Operating
Income |
Ordinary
Income |
Interim Net Income |
| Previous Announcement (A) |
79,000 |
3,000 |
2,800 |
1,500 |
| Latest Announcement (B) |
76,240 |
2,978 |
2,890 |
1,990 |
| Difference (A-B) |
(2,760) |
(22) |
90 |
490 |
| Rate of Change |
(3.5%) |
(0.7%) |
3.2% |
32.7% |
| Actual Results of the Same Period Last Year |
79,213 |
3,383 |
3,305 |
1,641 |
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B) Non-consolidated interim period performance forecast |
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Net Sales |
Operating
Income |
Ordinary
Income |
Interim
Net Income |
| Previous Announcement (A) |
47,000 |
1,100 |
1,200 |
600 |
| Latest Announcement (B) |
47,792 |
1,620 |
2,038 |
1,773 |
| Difference (A-B) |
792 |
520 |
838 |
1,173 |
| Rate of Change |
1.7% |
47.3% |
69.8% |
195.5% |
| Actual Results of the same period last yea |
47,923 |
1,880 |
2,391 |
1,864 |
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| 2. |
Revised business performance forecast
for Fiscal Year ending March 31,2007 |
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1) Consolidated performance
forecast |
(Units: millions of yen,%) |
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Net
Sales |
Operating
Income |
Ordinary
Income |
Net
Income |
| Previous Announcement (A) |
164,000
|
6,500
|
6,000
|
3,500
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| Latest Announcement (B) |
160,000
|
5,500
|
5,000
|
2,500
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| (B-A) |
(4,000)
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(1,000)
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(1,000)
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(1,000)
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| Difference (A-B) |
(2.4%)
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(15.4%)
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(16.7%)
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(28.6%)
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Actual Results for the Previous Fiscal
Year |
161,744
|
7,458
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6,860
|
3,756
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2) Non-consolidated performance forecast |
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Net
Sales |
Operating
Income |
Ordinary
Income |
Net
Income |
| Previous Announcement (A) |
94,000
|
2,900
|
3,300
|
2,000
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| Latest Announcement (B) |
91,000
|
1,900
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2,300
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1,900
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| (B-A) |
(3,000)
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(1,000)
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(1,000)
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(100)
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| Difference (A-B) |
(3.2%)
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(34.5%)
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(30.3%)
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(5.0%)
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| Actual Results for the Previous Fiscal
Year |
93,759
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3,131
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3,820
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3,898
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| 3. |
Reasons of Revision |
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1) |
Forecast of Consolidated Interim Period Performance |
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In terms of sales, domestic sales ended up lower than the initial forecast
mainly due to the domestic agricultural machinery market which continued
to shift inactive. Operating income and ordinary income were more or less
in line with the initial forecast, absorbing effects of reduced gross profit
from declined sales by squeezing sales and administrative expenses etc. Interim
net income was higher than the initial forecast due to a reduction in taxes. |
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2) |
Forecast of Consolidated Full Year Performance |
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1. |
Net Sales |
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We anticipate the unfavorable business climate to continue in the domestic
agricultural machinery market. Under the circumstances, while we strive to
maintain sales of the machinery by introduction of new products, reduction
in the sales of spare parts etc is expected. |
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In terms of exports, we expect sales for January-March 2007 to be less
than the initial performance forecast due to a fall in sales in the fourth
quarter when shipping used to be concentrated, since shipping came to be
spread out due to a change of inventory policy on the part of our distributor
in North America. |
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| 2. |
Operating Income - Net Income |
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In terms of profit, we expect it will be reduced from the initial performance
forecast due to reasons like decreased gross profit by reduced sales and
implementation of production adjustment in order to shrink inventory. |
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End |
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