May 11, 2017

Kintetsu World Express, Inc.

Notice of Differences between the Consolidated Earnings Forecast and the results for the fiscal year ended March 31, 2017

We announce the differences between the consolidated earnings forecast for the fiscal year ended March 31, 2017 announced on February 9, 2017 and the results announced today.

  1. Differences between the Consolidated Earnings Forecasts and the Results for the fiscal year ended March 31, 2017.

    （Millions of yen）

    Net Sales

    Operating income

    Ordinary income

    Net income attributable to owners of the parent

    Net income per share

    Previous forecast(A) (Announced on February 9, 2017 )

    462,000

    11,500

    11,300

    2,800

    ¥38.89

    Results (B)

    474,330

    13,075

    13,036

    4,487

    ¥62.33

    Differences (B) - (A)

    12,330

    1,575

    1,736

    1,687

    －

    Change (%)

    2.7

    13.7

    15.4

    60.3

    －

    (Ref.) Year ended March 31, 2016

    420,252

    15,356

    17,907

    9,773

    ¥135.74

  2. Reason of the differences

During the fourth quarter of the consolidated fiscal year ended March 31, 2017, an increase in global transportation demand for electronic products mainly in semiconductor and electronic components, coupled with sales expansion, contributed to higher-than-expected growth in earnings, achieving strong results beyond the previous forecast.

KWE - Kintetsu World Express Inc. published this content on 11 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 May 2017 06:16:22 UTC.

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