May 6, 2011
Notice Concerning Revision of Earnings Forecast
Fukuoka, May 6, 2011 - 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 10, 2010.
1. Full Year Results Forecast (April 1, 2010 to March 31, 2011)
(1) Revision to consolidated results forecast
iMillions of Yenj
|
Net Sales
|
Operating Income
|
Ordinary Income
|
Net Income
|
Net Income per Share
|
Previous Forecast
|
30,000
|
1,300
|
1,230
|
900
|
18.86Yen
|
Revised Forecast
|
28,979
|
500
|
430
|
50
|
1.05Yen
|
Difference
|
(1,021)
|
(800)
|
(800)
|
(850)
|
-
|
% Change
|
(3.4%)
|
(61.5%)
|
(65.0%)
|
(94.5%)
|
-
|
Results from year before
|
24,539
|
390
|
224
|
(3,676)
|
(77.06Yen)
|
(2) Revision to non-consolidated results forecast
iMillions of Yenj
|
Net Sales
|
Operating Income
|
Ordinary Income
|
Net Income
|
Net Income per Share
|
Previous Forecast
|
27,300
|
700
|
680
|
600
|
12.58Yen
|
Revised Forecast
|
26,100
|
(250)
|
(235)
|
(400)
|
(8.38Yen)
|
Difference
|
(1,200)
|
(950)
|
(915)
|
(1,000)
|
-
|
% Change
|
(4.4%)
|
-
|
-
|
-
|
-
|
Results from year before
|
22,647
|
(58)
|
(168)
|
(3,880)
|
(81.33Yen)
|
2. Reasons for the Revision
|
Due to the effects of the Great East Japan Earthquake, the ERD Division saw revenue from the waste plastic recycling business fall short of the plan. Regarding the HS Divisionfs business, the Division suffered a negative impact including cancellation of wholesale distribution of photovoltaic power generation systems to dealers in eastern Japan and temporary postponement of photovoltaic power generation system installations from March to April in western Japan because of the general confusion after the earthquake.
We expect operating income and ordinary income to fall below the previous forecast because of a rise in the constituent ratio of the gSolar Photovoltaic Power Generation Systemh with a thinner profit-margin than existing products in the HS division and an increase in costs related small probrems at the Tomakomai Power Plant in ERD division. In addition, we will record loss on disaster of 35 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.
|
(Note) These forecasts are based on information available as of May 6, 2011. Actual results may be different from forecasts due to various unexpected factors in the future.
For more information, please contact:
Masahiro Shimojo, Managing Director,
Management & Planning Division |