February 10, 2012


Notice Concerning Revision of Earnings Forecast

Fukuoka, February 10, 2012 - SANIX Incoporated (Ticker: 4651, TSE/OSE/FSE, President & CEO: Shin-ichi Munemasa) announces revisions of its operational result forecasts for the full year, previously announced on November 9, 2011.


1. Full Year Results Forecast (April 1, 2011 to March 31, 2012)
Revision to consolidated results forecast

iMillions of Yenj
Net Sales
Operating Income
Ordinary Income
Net Income
Net Income per Share
Previous Forecast
38,000 
1,300 
1,250 
830 
17.40Yen 
Revised Forecast
33,300 
1,070 
1,010 
550 
11.53Yen 
Difference
(4,700) 
(230) 
(240) 
(280) 
% Change
(12.4%) 
(17.7%) 
(19.2%) 
(33.7%) 
Results from year before
28,979 
501 
430 
49 
1.04Yen 
% Change
14.9% 
113.2% 
134.8% 


2. Reasons for the Revision
In the HS Division, we expected sales of Solar Photovoltaic Power Generation System to increase through the rise of the expectation for renewable energy, but our sales plan fell short of initial plan by uncreasing competition in the domestic market. Also, in the ERD Division, we incorporated the influence which Power Sales will decrease by the torouble with the power cable connecting Hokkaido to Honshu. Consequently, we revised our operational result forecast for the full year as stated above.
Regarding net income, we expects the influence of a decrease in ordinary income and an increase of Income taxes-deferred by following the promulgation concerning reducing corporate tax.


(Note) These forecasts are based on information available as of February 10, 2012. Actual results may be different from forecasts due to various unexpected factors in the future.

For more information, please contact:
Toshiyuki Tominaga, General Manager,
Management & Planning Division