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April 27, 2009
Revision to Forecast for Business Results
Fukuoka, April 27, 2009 - SANIX Incoporated (Ticker: 4651, TSE/OSE/FSE, President & CEO: Shin-ichi Munemasa) announces a revision to its financial results forecast for Fiscal Year 2008 ended March 31, 2009, previously announced on February 6, 2009.
1. Revision to Consolidated Results Forecast for FY2008
(April 1, 2008 to March 31, 2009)
（Millions of Yen）
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Net Sales
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Operating
Income
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Ordinary
Income
|
Net Income
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Net Income
Per Share
|
|
Previous Forecast
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25,640
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(450)
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(480)
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(920)
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(19.28Yen)
|
|
Revised Forecast
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25,230
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(610)
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(630)
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(4,160)
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(87.19Yen)
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Difference
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(410)
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(160)
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(150)
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(3,240)
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-
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% Change
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(1.6%)
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-
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-
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-
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-
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Results from year before
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26,510
|
596
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495
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(2,547)
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(53.40Yen)
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2. Revision to Non-consolidated Results Forecast for FY2008
(April 1, 2008 to March 31, 2009)
（Millions of Yen）
|
Net Sales
|
Operating
Income
|
Ordinary
Income
|
Net Income
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Net Income
Per Share
|
|
Previous Forecast
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23,700
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(500)
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(540)
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(840)
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(17.61Yen)
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Revised Forecast
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23,370
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(640)
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(675)
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(4,090)
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(85.73Yen)
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Difference
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(330)
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(140)
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(135)
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(3,250)
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-
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% Change
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(1.4%)
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-
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-
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-
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-
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Results from year before
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25,488
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653
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369
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(2,667)
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(55.90Yen)
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3. Reasons for the Downward Revision
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In the fourth quarter of the consolidated accounting period, management expects net sales to fall short of the previous forecast due to sluggish consumer spending and manufacturers’ production adjustment triggered by the economic slump. Consequently, operating income and ordinary income are also expected to fall below the target. In the meantime, with the economic environment substantially deteriorating, the Company implemented a strict assessment on the recoverability of fixed assets in the Environmental Resources Development Division. As a result of the assessment, management decides to book impairment losses of 3,000 million yen. Since extraordinary loss exceeds the original forecast significantly, net loss is expected to become larger than the previous forecast.
Non-consolidated forecasts were also modified for the full year, for the same reasons.
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(Note) These forecasts are based on information available as of April 27, 2009. Actual results may be different from forecasts due to various unexpected factors in the future.
For more information, please contact:
Masahiro Shimojo, Director,
Management & Planning Division |