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November 11, 2009
Notice Concerning Revision of Earnings Forecast
Fukuoka, November 11, 2009 - SANIX Incoporated (Ticker: 4651, TSE/OSE/FSE, President & CEO: Shin-ichi Munemasa) announces revisions of its operational result forecasts for the first six-month and for the full year, previously announced on May 13, 2009.
1. First Six-month Results Forecast (April 1, 2009 to September 30, 2009)
(1) Revision to consolidated results forecast
（Millions of Yen）
|
Net Sales
|
Operating Income
|
Ordinary Income
|
Net Income
|
Net Income per Share
|
|
Previous Forecast
|
12,680
|
87
|
67
|
3
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0.06Yen
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|
Revised Forecast
|
12,057
|
185
|
133
|
60
|
1.27Yen
|
|
Difference
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(622)
|
98
|
66
|
57
|
-
|
|
% Change
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(4.9%)
|
112.6%
|
99.6%
|
-
|
-
|
|
Results from year before
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13,412
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(351)
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(368)
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(737)
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(15.46Yen)
|
(2) Revision to non-consolidated results forecast
（Millions of Yen）
|
Net Sales
|
Operating Income
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Ordinary Income
|
Net Income
|
Net Income per Share
|
|
Previous Forecast
|
11,655
|
60
|
45
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(13)
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(0.27Yen)
|
|
Revised Forecast
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11,321
|
119
|
87
|
46
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0.97Yen
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Difference
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(333)
|
59
|
42
|
59
|
-
|
|
% Change
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(2.9%)
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98.7%
|
94.5%
|
-
|
-
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Results from year before
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12,667
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(374)
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(748)
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(787)
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(16.51Yen)
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2. Full Year Results Forecast (April 1, 2009 to March 31, 2010)
(1) Revision to consolidated results forecast
（Millions of Yen）
|
Net Sales
|
Operating Income
|
Ordinary Income
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Net Income
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Net Income per Share
|
|
Previous Forecast
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25,000
|
750
|
720
|
600
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12.58Yen
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Revised Forecast
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29,457
|
625
|
473
|
340
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7.14Yen
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Difference
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4,457
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(125)
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(247)
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(260)
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-
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% Change
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17.8%
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(16.7%)
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(34.2%)
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(43.2%)
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-
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Results from year before
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25,233
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(596)
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(620)
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(4,145)
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(86.88Yen)
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(2) Revision to non-consolidated results forecast
（Millions of Yen）
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Net Sales
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Operating Income
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Ordinary Income
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Net Income
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Net Income per Share
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Previous Forecast
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22,535
|
720
|
700
|
590
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12.37Yen
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Revised Forecast
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27,550
|
310
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190
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110
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2.31Yen
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Difference
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5,015
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(410)
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(510)
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(480)
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-
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% Change
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22.3%
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(56.9%)
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(72.3%)
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(81.4%)
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-
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Results from year before
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23,372
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(634)
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(667)
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(4,079)
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(85.51Yen)
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3. Reasons for the Revision
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In the first six-month period of the current consolidated fiscal year, the Sanix Group expects to see total sales fall short of its initial plan, mainly because the sluggish electricity demand weighed on the power generating business in the ERD Division. However, the Group’s operating income, ordinary income and net income are likely to exceed the plan, since the Sanix Group promoted continuous streamlining, reducing fixed costs more than expected.
Regarding the earnings forecast for the full-year ending March 2010, we expect sales in the HS Division to increase, since the division will market a new product, “Solar Power Generation System”, from the second half of the current fiscal year. Meantime, the management has carefully reassessed earnings prospects in the ERD Division in the face of the latest situation, since the outlook of the economy remains uncertain. Consequently, the Sanix Group expects total sales to exceed the initial plan, but operating income, ordinary income and net income to fall below the initial plan.
Considering these facts and forecasts, Sanix has modified the consolidated operational result forecasts for the first six-month and for the full year.
Non-consolidated forecasts were also modified for the first six-month and for the full year, for the same reasons.
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(Note) These forecasts are based on information available as of November 11, 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 |