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February 12, 2010
Notice Concerning Revision of Earnings Forecast
Fukuoka, February 12, 2010 - 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 11, 2009.
1. Full Year Results Forecast (April 1, 2009 to March 31, 2010)
(1) Revision to consolidated results forecast
iMillions of Yenj
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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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29,457
|
625
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473
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340
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7.14Yen
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Revised Forecast
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24,520
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450
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280
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(1,830)
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(38.36Yen)
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Difference
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(4,937)
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(175)
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(193)
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(2,170)
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-
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% Change
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(16.8%)
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(28.0%)
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(40.9%)
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-
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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
iMillions of Yenj
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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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27,550
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310
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190
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110
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2.31Yen
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Revised Forecast
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22,660
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85
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(40)
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(2,010)
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(42.13Yen)
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Difference
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(4,890)
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(225)
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(230)
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(2,120)
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-
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% Change
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(17.7%)
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(72.6%)
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-
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-
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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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We anticipated a significant increase in net sales for the current fiscal year, since the HS Division commenced the marketing of a new product, gSolar Power Generation System,h from the second half of the current fiscal year. However, since orders for the system that we received fell behind our estimate, we announce a downward revision to the previous forecast for consolidated net sales.
Due to the downward revision to the forecast for consolidated net sales, we expect operating income and ordinary income to fall below the previous forecast. In addition, we strictly reassessed the recoverability of non-current assets in the Environmental Resources Development Division, since the market environment has been significantly deteriorating from the end of the previous fiscal year. As a result, we will record impairment loss of 1,975 million yen as extraordinary loss. Consequently, we make a downward revision to the previous forecast for net income.
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 February 12, 2010. 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 |