 TAKEFUJI CORPORATION 15-1 Nishi-Shinjuku 8-chome,Shinjuku-ku, Tokyo 163-8654 Japan
October 31, 2006
| For release | Immediately |
| Representative | Hikaru Kondo, President |
| Contact | Investor Relations |
| Tel: 81-3-3365-8011
Fax: 81-3-3365-8070 |
| Stock Code No. 8564 TYOSE |
Announcement of Revisions to Financial Results Forecasts
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Takefuji Corporation announces revisions to its interim financial results forecasts and full-year financial results forecasts for the year ending March 2007 (from April 1, 2006 to March 31, 2007), which were published in the announcement of its financial results on April 26, 2006. The revisions, made in light of recent developments in our business performance and the public announcement of the Accounting Treatment for Calculation of Reserves Relating to Losses at Consumer Finance Companies, etc., Resulting from Interest Repayment Claims by the Japanese Institute of Certified Public Accountants (JICPA), are as follows.
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1. Revisions to financial results forecasts
(1) Revisions to interim financial results forecasts for the fiscal year ending March 2007 (April 1, 2006 to September 30, 2006) |
| (Consolidated) | (Unit: million yen, %) |
| | Operating Revenues | Operating Income | Net Income |
| Previous forecast (A) | 176,300 | 68,100 | 40,300 |
| Current forecast (B) | 170,600 | 67,100 |  144,200 |
| Change (B-A) | 5,700 | 1,000 | 184,500 |
| Rate of change (%) | 3.2 | 1.5 | - |
| (Reference) Interim financial results for the previous fiscal year ended March 2006 | 176,978 | 59,209 | 27,374 |
| (Non-consolidated) | (Unit: million yen, %) |
| | Operating Revenues | Operating Income | Net Income |
| Previous forecast (A) | 175,900 | 67,800 | 40,100 |
| Current forecast (B) | 170,200 | 66,700 | 144,500 |
| Change (B-A) | 5,700 | 1,100 | 184,600 |
| Rate of change (%) | 3.2 | 1.6 | - |
| (Reference) Interim financial results for the previous fiscal year ended March 2006 | 175,916 | 56,397 | 19,365 |
| (2) Revisions to full-year financial results forecasts for the fiscal year ending March 2007 (April 1, 2006 to March 31, 2007) |
| (Consolidated) | (Unit: million yen, %) |
| | Operating Revenues | Operating Income | Net Income |
| Previous forecast (A) | 350,600 | 116,100 | 68,600 |
| Current forecast (B) | 334,600 | 125,900 | 109,500 |
| Change (B-A) | 16,000 | 9,800 | 178,100 |
| Rate of change (%) | 4.6 | 8.4 | - |
| (Reference) Interim financial results for the previous fiscal year ended March 2006 | 351,259 | 92,248 | 46,924 |
| (Non-consolidated) | (Unit: million yen, %) |
| | Operating Revenues | Operating Income | Net Income |
| Previous forecast (A) | 349,800 | 115,500 | 68,300 |
| Current forecast (B) | 333,700 | 125,200 | 109,900 |
| Change (B-A) | 16,100 | 9,700 | 178,200 |
| Rate of change (%) | 4.6 | 8.4 | - |
| (Reference) Interim financial results for the previous fiscal year ended March 2006 | 349,766 | 89,766 | 39,080 |
2. Main reasons for the revisions
In compliance with the Accounting Treatment for Calculation of Reserves Relating to Losses at Consumer Finance Companies, etc., Resulting from Interest Repayment Claims published by the sector committee of the Japanese Institute of Certified Public Accountants (JICPA) as of October 13, 2006, we expect to post extraordinary losses of ¥284.6 billion attributable to reserves relating to losses resulting from interest repayment claims. As a result, we revised our forecasts for the consolidated interim results for the fiscal year under review to operating revenues of ¥170.6 billion, declining 3.6% from the previous consolidated interim results, operating income of ¥67.1 billion yen, an increase of 13.3%, and a net loss of ¥144.2 billion.
In addition, for the same reasons described above, we revised our forecast consolidated full-year results for the fiscal year under review to operating revenues of ¥334.6 billion, down 4.7% from the previous consolidated results, operating income of ¥125.9 billion, up 36.5% on a year-on-year basis, and a net loss of ¥109.5 billion.
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3. Dividends for the fiscal year ending March 2007
The interim dividend is expected to be ¥115 per share and the year-end dividend is also expected to be ¥115 per share, for a full-year dividend payment of ¥230. |
| Final business results may differ from the forecasts above as a result of future events. These forecasts have been produced based on the information available as of the date of this announcement. |
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