 |
|
|
Latest press release
| Sep 7, 2009 |
FOR IMMEDIATE RELEASE |
Company name: FUJISOFT INCORPORATED |
|
Representative: Haruhisa Shiraishi,President & Chief Operating Officer |
(Securities Code: 9749 TSE 1st Sec.) |
Contact: Tatsuya Naito, Manager of Finance and Accounting Section, Corporate Planning Department |
(Telephone) +81-45-650-8811 |
|
Notice of Revisions to Consolidated and Non-Consolidated Forecasts and Dividend Forecasts
|
| |
|
Tokyo, Japan -September 7, 2009- FUJISOFT INC. announces the following revisions to the Company's consolidated and non-consolidated forecasts and its dividend forecasts for the fiscal year ending March, 31, 2010. These revised forecasts replace the previous consolidated and non-consolidated forecasts and dividend forecasts announced in the “Summary of Financial Results for the Fiscal Year Ending March 31, 2009,” which the Company published on May 13, 2009. |
| |
|
1. Revised consolidated forecasts for the first half of the fiscal year ending March 31, 2010
(April 1, 2009 to September 30, 2009) |
| |
| (Million yen and percent) |
|
Net sales |
Operating
income |
Ordinary
income |
Net income |
Net income
per share
（yen） |
Previous forecasts (A) |
80,000 |
2,800 |
2,400 |
850 |
26.66 |
Revised forecasts (B) |
72,000 |
1,000 |
800 |
650 |
20.39 |
Change (B-A) |
-8,000 |
-1,800 |
-1,600 |
-200 |
― |
Change (%) |
-10.0％ |
-64.3％ |
-66.7％ |
-23.5％ |
― |
(Reference) Results for the first half of FY 2008
(First half of the fiscal year ended March 31, 2009) |
83,221 |
3,910 |
3,535 |
1,136 |
34.14 |
|
| |
|
2. Revised consolidated full year forecasts for the fiscal year ending March 31, 2010
(April 1, 2009 to March 31, 2010) |
| |
| (Million yen and percent) |
|
Net sales |
Operating
income |
Ordinary
income |
Net income |
Net income
per share
（yen） |
Previous forecasts (A) |
161,000 |
6,600 |
6,000 |
2,700 |
84.68 |
Revised forecasts (B) |
145,000 |
3,000 |
2,900 |
3,200 |
100.36 |
Change (B-A) |
-16,000 |
-3,600 |
-3,100 |
500 |
― |
Change (%) |
-9.9％ |
-54.5％ |
-51.2％ |
18.5％ |
― |
(Reference) Results for FY2008
(Fiscal year ended March 31, 2009) |
165,081 |
7,312 |
6,596 |
883 |
27.07 |
|
| |
|
3. Revised non-consolidated forecasts for the first half of the fiscal year ending March 31, 2010
(April 1, 2009 to September 30, 2009) |
| |
| (Million yen and percent) |
|
Net sales |
Operating
income |
Ordinary
income |
Net income |
Net income
per share
（yen） |
Previous forecasts (A) |
40,000 |
170 |
800 |
480 |
15.05 |
Revised forecasts (B) |
35,000 |
-700 |
-650 |
-150 |
-4.70 |
Change (B-A) |
-5,000 |
-870 |
-1,450 |
-630 |
― |
Change (%) |
-12.5％ |
-511.8％ |
-181.3％ |
-131.3％ |
― |
(Reference) Results for the first half of FY 2008
(First half of the fiscal year ended March 31, 2009) |
― |
― |
― |
― |
― |
|
| |
|
4. Revised non-consolidated full year forecasts for the fiscal year ending March 31, 2010
(April 1, 2009 to March 31, 2010) |
| |
| (Million yen and percent) |
|
Net sales |
Operating
income |
Ordinary
income |
Net income |
Net income
per share
（yen） |
Previous forecasts (A) |
82,500 |
1,800 |
3,100 |
1,800 |
56.45 |
Revised forecasts (B) |
73,000 |
200 |
200 |
300 |
9.41 |
Change (B-A) |
-9,500 |
-1,600 |
-2,900 |
-1,500 |
― |
Change (%) |
-11.5％ |
-88.9％ |
-93.5％ |
-83.3％ |
― |
(Reference) Results for FY2008
(Fiscal year ended March 31, 2009) |
82,153 |
1,522 |
3,061 |
140 |
4.32 |
|
| |
|
5. Reason for the revisions
With a challenging economic climate since last year, the industry in which the Company operates began to show signs of recovery in export-related businesses in the first half of the fiscal year ending March 31, 2010. Still, companies retain notably reluctant to invest in IT-related areas and are reducing expenses, creating a difficult situation for the Group’s business.
Given these condition, the Company has adopted a proactive approach to winning orders, seeking to increase the Group’s net sales while reducing labor costs and other expenses to lower the Group’s cost of sales. Despite these efforts, net sales fell with the decline in the amount of orders received while the cost of sales ratio has worsened given pressure by clients to discount on service fees, among other factors. As a result, the Company is not likely to achieve its original forecasts.
With respect the full year forecasts, we believe that it will be difficult to offset the decline in net sales occurring in the first half, given the uncertain outlook for future demand trends.
We plan to sell the fixed assets of consolidated subsidiaries (to post an extraordinary profit) for the third quarter of the fiscal year ending March 31, 2010.
For the above reasons, the Company is revising its consolidated and non-consolidated forecasts for the first half of the fiscal year ending March 31, 2010 as well as those for the full year ending March 31, 2010.
* The above forecasts are based on information available at the time of the announcement, and actual performance may differ materially from the forecasts due to a variety of factors. |
| |
|
6. Revised dividend forecasts for the fiscal year ending March 31, 2010
(April 1, 2009 to March 31, 2010) |
| |
|
Cash dividends per share |
Record Date |
End of the first half of the fiscal year ending March 31, 2010 |
Year-end |
Annual |
Previous forecasts
(Announced on May 13, 2009) |
￥15 |
￥15 |
￥30 |
Revised forecasts |
￥5 |
￥5 |
￥10 |
Results for FY2009 |
－ |
－ |
－ |
Results for FY2008
(Fiscal year ended March 31, 2009) |
￥15 |
￥15 |
￥30 |
|
| |
7. Reason for the revision of dividend forecasts
The Company has revised its dividend forecasts to \5 per share for the first half of the fiscal year ending March 31, 2010, to reflect the revised consolidated and non-consolidated forecasts. In view of the unpredictable economic situation, its financial standing, and other factors, the Company regrets to announce that it plans to revise the year-end dividend to \5 per share as well.
|
|
|
|
