This is to notify you that, in light of recent trends in business results, we have decided to revise the earnings forecast published on July 27, 2010.
| 1. | Revised consolidated cumulative result values predictions for 2nd quarter period from March 2011 (i.e. April 1, 2010 to September 30, 2010) | |||||||||||||||||||||||||||||||||||||
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| 2. | Revised consolidated result values predictions for fiscal 2010 ending March 31, 2011 (i.e. April 1, 2010 to March 31, 2011) | |||||||||||||||||||||||||||||||||||||
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| 3. | Reasons for Revision | |||||||||||||||||||||||||||||||||||||
| The Company revised its consolidated forecasts for the 2nd quarter of fiscal 2010, to reflect the first quarter results, which included greater-than-anticipated demand growth for IT-related products in High Performance Plastics Company, as well as growth of new house construction business and residential environment business centered on reform in the 2nd quarter of the period, which set the Company on pace to exceed the net sales and income forecast figures announced on July 27, 2010. Also for the forecasts for full term, figures are revised as above, as each business in High Performance Plastics Company is expected to remain strong, in addition to sales in new house construction business and residential environment business which had strong orders by the 2nd quarter being expected to rise. |
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| Notes: | Please note that the forecast values described in this data were created based on information that could be obtained at the time, and may differ from the actual results due to various reasons in the future. |
Disclaimer
This press release may contain forward-looking statements. Such forward-looking statements are based on current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements due to changes in global economic, business, competitive market and regulatory factors.
This press release may contain forward-looking statements. Such forward-looking statements are based on current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements due to changes in global economic, business, competitive market and regulatory factors.