Notice of Revision to Forecasts of Consolidated Financial Results for the Fiscal Year Ending March 31, 2017
In light of recent performance and other factors, Fuji Media Holdings, Inc. (the "Company") has revised its forecasts of financial results for the fiscal year ended March 31, 2017, which was announced on February 3, 2017, as specified below.
Revision to the forecasts of consolidated financial results for the fiscal year ended March 31, 2017 (from April 1, 2016 to March 31, 2017)
Net sales
Operating income
Recurring profit
Net income attributable to owners of the parent
Basic earnings per share
Previous forecast (A)
Millions of Yen
652,400
Millions of Yen
24,400
Millions of Yen
31,400
Millions of Yen
25,100
Yen
108.57
Revised forecast (B)
653,900
22,300
30,300
27,300
118.09
Change (B - A)
1,500
(2,100)
(1,100)
2,200
Percent change (%)
0.2
(8.6)
(3.5)
8.8
(Reference) Results for the previous fiscal year
(Fiscal year ended March 31, 2016)
640,572
24,394
32,400
22,835
98.75
Reasons for the revision
Regarding the full-year consolidated results forecasts for the fiscal year ended March 31, 2017, although net sales are expected to rise above the previous forecast, operating income and recurring profit are expected to fall below the previous forecast due to the mainstay Broadcasting segment and Life Information segment falling short of plans. Net income attributable to owners of the parent is expected to rise above the previous forecast due to the recording of extraordinary gain on sales of assets held as well as a decrease in tax expenses.
With regard to the year-end dividends, there are no changes due to the above revision to the forecasts, and the Company intends to set the year-end dividends at 20 yen per share.
Note: The aforementioned forecasts are based on information available to the management at the time of this document's release. Actual results may differ materially from the forecasts due to various factors in the future.
-End of Document-
Fuji Media Holdings Inc. published this content on 27 April 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 April 2017 12:17:17 UTC.
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Fuji Media Holdings Inc is a Japan-based company engaged in the core broadcasting business, the media and content business, and the urban development and tourism business. The Company operates in two business segments. The Media and Content segment is engaged in the production of broadcast programs, movies, anime, games and events, the sale of video and music software, the publication of music, magazines and newspapers, as well as television broadcasting, radio broadcasting, mail order sales and advertising business. The Urban Development and Tourism segment engages in the rental and sale of residences, offices and logistics facilities, the operation of hotels and marine leisure facilities, as well as events and interior decoration and building management business. The Company also engages in movable property leasing and product sales, software development, and restaurants and shops business.
FUJI MEDIA HOLDINGS, INC. 
