October 31, 2011
Company Name: Hakuhodo DY Holdings Inc. Representative: Mr. Hirokazu Toda, President & CEO (Code number: 2433; TSE First Section)
Inquiries: Mr. Satoru Yagi, Executive Manager, Investor Relations Division
(Tel: +81-3-6441-9033)
Hakuhodo DY Holdings Revises Fiscal 2011 Interim Business Forecasts
Hakuhodo DY Holdings Inc. today announced that it has revised
business forecasts announced on May 12,
2011 in light of recent business performance. Details are as
follows.
Revision of Interim Consolidated Business Forecasts for Fiscal 2011 (April 1, 2011 - September 30, 2011)
Billings | Operating Income | Ordinary Income | Net Income | Net Income per Share | |
Previous Forecasts: (A) | (Millions of yen) 410,700 | (Millions of yen) (1,000) | (Millions of yen) 0 | (Millions of yen) (800) | (Yen) (21.07) |
Revised Forecasts: (B) | 431,000 | 2,500 | 3,900 | (900) | (23.71) |
Difference: (B-A) | 20,300 | 3,500 | 3,900 | (100) | |
Change: (%) | 4.9 | - | - | - | |
(Reference) Interim consolidated business results for fiscal 2010 | 434,132 | 2,838 | 4,152 | (3,343) | (86.70) |
The domestic advertising market has been facing difficult
conditions due to the impact of The Great East
Japan Earthquake. However, the subsequent recovery from the
disaster has been faster than expected.
As a result, the Hakuhodo DY Holdings Group has raised its
forecast for billings for the interim period. Furthermore,
forecasts for operating income and ordinary income have also
been raised, the result of efforts to improve the gross
margin and continuously control SG&A expenses.
Meanwhile, the forecast for net
income has been lowered slightly due to valuation losses on
investment securities and other factors.
1
(2) Full-Year Consolidated Business Forecasts
The Hakuhodo DY Holdings Group has not revised initial
full-year consolidated business forecasts for fiscal
2011.
However, consolidated interim business forecasts have been
revised, as detailed above. Moreover, the domestic
advertising market may outperform initial expectations for
the full year due to the slightly earlier-than-expected
recovery. Nevertheless, consolidated business forecasts for
fiscal 2011 have not been revised at this time due to a large
number of uncertainties such as the economic outlook.
(NOTE) Forecasts in this press release are based on certain
assumptions deemed to be reasonable by the
Company at the time of announcement. Actual results may
differ materially from these forecasts due to a variety of
reasons.
2