Notice of Revised Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2012
October 31, 2011
FUJIFILM Holdings Corporation announced today the following revision to its consolidated earnings forecast for the fiscal year ending March 31, 2012 (April 1, 2011 - March 31, 2012) announced on July 29, 2011.
1. Revised Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2012 (April 1, 2011 - March 31, 2012)
|Revenue||Operating income||Income before income taxes||Net income attributable to FUJIFILM Holdings||Net income attributable to FUJIFILM Holdings per share|
|Previous forecast (A)
(announced on Jul. 29, 2011)
|Latest revised forecast (B)||2,290,000||136,500||107,500||54,000||112.10|
|Change (B - A)||(50,000)||(23,500)||(47,500)||(26,000)||(53.98)|
|(Ref.) Actual results for FY 2011/3||2,217,084||136,356||117,105||63,852||131.30|
2. Reasons for the Revision
Fujifilm's operating environment is expected to be affected by the increasingly strong deceleration trend in the U.S. economy as well as the growing potential for economic stagnation in Europe owing to concerns regarding the financial difficulties in Greece and other factors. These situations, along with such factors as the start of an economic growth rate slackening in emerging countries and regions, are making it difficult to anticipate future developments. Similarly, in Japan, a demand decrease accompanying yen appreciation and export environment deterioration is combining with other factors to create the risk for an economic downturn.
In view of these conditions, Fujifilm has been strengthening marketing systems, launching new products, and taking other measures that have been supporting robust sales in China and other emerging markets. However, overall sales have been below planned levels owing to the impact of such factors as a demand decrease associated with yen appreciation and the perception of deteriorating economic conditions. Operating income has also been below planned levels owing to the impact of the decrease in sales as well as yen appreciation and other factors. Income before income taxes and net income attributable to FUJIFILM Holdings have also been below planned levels as a consequence of negative factors that include impairment losses on investment securities recognized under the stagnant stock markets.
Considering these circumstances, the Company has revised down its forecasts of revenue, operating income, income before income taxes, net income attributable to FUJIFILM Holdings, and net income attributable to FUJIFILM Holdings per share for the fiscal year ending March 31, 2012.
Note: These forecasts are based on the Company's current assumptions and beliefs in light of the information currently available to it, and involve known and unknown risks and uncertainties. The Company's actual results may differ materially from those discussed in the forward-looking statements.
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