April 10, 2015

For immediate release

Company Name: Dai Nippon Printing Co., Ltd. Stock Code: 7912 (TSE1)
Name of Representative: Yoshitoshi Kitajima, President
Direct queries to: Takaaki Tamura, General Manager, Press and Public Relations
TEL: +81-3-5225-8220

Subsidiary BUNKYODO GROUP HOLDINGS CO., LTD.'s Revisions of Earnings Forecasts

Based on the latest earnings trends, Dai Nippon Printing Co., Ltd. (DNP) subsidiary BUNKYODO GROUP HOLDINGS CO., LTD. announced today revisions of its earnings forecasts, originally published on January 13, 2015. Please see the attachment.

The impact of the revisions on DNP's consolidated and non-consolidated financial performance in the current fiscal year ended March 2015 is likely to be minimal.

Attachment


For immediate release

April 10, 2015

Company Name: BUNKYODO GROUP HOLDINGS CO., LTD.
Stock Code: JASDAQ 9978
Name of Representative: Fujio Shimazaki, President
Direct queries to: Mitsuhide Munakata, Managing Director, Manager of Administrative Headquarters TEL: +81-44-811-0118

Revisions of Earnings Forecasts

BUNKYODO GROUP HOLDINGS CO., LTD. announced today the following revisions of its earnings forecasts, originally published on January 13, 2015, based on the latest earnings trends.

1. Revisions of consolidated earnings forecasts for the fiscal year ending August 31, 2015 (1) For the first half ended February 28, 2015 (September 1, 2014-February 28, 2015)

Net sales

Operating income (loss)

Ordinary income (loss)

Net income

(loss)

Net income (loss) per share

Previous forecast (A)

Million yen

17,000

Million yen

45

Million yen

50

Million yen

30

Yen

1.94

Revised forecast (B)

16,643

(109)

(102)

(138)

(10.10)

Change (B-A)

(357)

(154)

(152)

(168)

-

Change (%)

(2.1)

-

-

-

-

Previous first half result (first half ended February 2014)

16,684

(71)

(57)

(119)

(8.77)

(2) Reasons for the revisions

The downward revisions for operating income, ordinary income, and net income reflect a decrease in gross profits due to lower sales and an increase in costs related to initially planned store openings and remodeling.

(3) For the fiscal year ending August 31, 2015 (September 1, 2014-August 31, 2015)

Net sales

Operating income

Ordinary income

Net income

Net income per share

Previous forecast (A)

Million yen

34,500

Million yen

110

Million yen

130

Million yen

80

Yen

5.31

Revised forecast (B)

33,900

100

120

30

1.75

Change (B-A)

(600)

(10)

(10)

(50)

-

Change (%)

(1.7)

(9.1)

(7.7)

(62.5)

-

Previous year result (fiscal year ended August 2014)

33,284

(491)

(444)

(831)

(59.91)

(4) Reasons for the revisions

We expect that our full year forecasts will also need to be revised as a result of revising our first half forecasts.

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