KINTETSU WORLD EXPRESS, INC. February 8, 2016 Kintetsu World Express, Inc.
Notice of Revision of Results Forecasts
We have made the following revisions to our consolidated results forecasts for the fiscal year ending March 31, 2016 announced on November 9, 2015.
Revision of Consolidated Results Forecasts for the fiscal year ending March 31, 2016
(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 November 9, 2015)
450,000
18,000
17,500
11,700
¥162.50
Revised forecast(B)
420,000
15,000
17,500
10,500
¥145.84
Differences (B) - (A)
(30,000)
(3,000)
0
(1,200)
―
Change (%)
(6.7)
(16.7)
0.0
(10.3)
―
(Ref.) Previous year (ended March 31, 2015)
327,192
16,563
18,429
10,489
¥145.68
(Note) Net income per share is calculated based on the assumption that a stock split at a ratio of 1:2 with October 1, 2015 as the effective date was conducted on April 1, 2014.
Reason of revision
KWE Japan continued to struggle due to stagnant air freight volume during the nine months ended December 31, 2015 and in APL Logistics Ltd and its group companies, performance fell below initial forecast and general administrative expenses temporarily increased due to change of the parent company, as well as 816 million yen was recorded as acquisition cost of APL Logistics Ltd's shares for the three months ended June 30, 2015.
(Note) Cautionary Statement concerning Earnings Forecasts
The forecasts above are based on information currently available. Actual performance may differ from the above forecasts due to various factors.
KWE - Kintetsu World Express Inc. issued this content on 08 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 February 2016 06:38:21 UTC
Original Document: https://www.kwe.co.jp/en/wp-content/uploads/sites/2/2016/02/en_ir_20160208.pdf
