In consideration of recent business results, Lion Corporation has revised its performance forecasts announced on February 10, 2016. Details are as follows.
1.
Revision of Consolidated Performance Forecasts
Revision of Consolidated Forecast for First Half of Fiscal 2016 (January 1-June 30, 2016)
(Millions of yen)
Net Sales
Operating Income
Ordinary Income
Profit attributable to owners of parent
EPS
Previous forecast (A)
185,000
6,500
7,000
4,000
13.95 yen
Current revision (B)
190,000
8,000
9,000
5,000
17.44 yen
Change (B - A)
5,000
1,500
2,000
1,000
Percentage change
2.7%
23.1%
28.6%
25.0%
Reference: Final figures for first half of fiscal 2015
180,283
5,698
6,647
3,898
14.53 yen
Revision of Consolidated Forecast for Fiscal 2016 (January 1-December 31, 2016)
(Millions of yen)
Net Sales
Operating Income
Ordinary Income
Profit attributable to owners of parent
EPS
Previous forecast (A)
390,000
18,000
19,000
11,000
38.37 yen
Current revision (B)
395,000
19,000
20,000
11,500
40.11 yen
Change (B - A)
5,000
1,000
1,000
500
Percentage change
1.3%
5.6%
5.3%
4.5%
Reference: Final figures for fiscal 2015
378,659
16,374
18,099
10,680
39.35 yen
2. Reasons for the Revisions
(1)
First Half of Fiscal 2016
a.
Net sales
The initial forecast is being revised mainly because sales in the domestic Consumer Products Business have surpassed earlier assumptions.
b.
Operating income, ordinary income and profit attributable to owners of parent
In addition to the increase in net sales described above, sales of highly profitable products in the mainstay Consumer Products Business, including oral care and over-the-counter pharmaceutical products, have been strong. Furthermore, decreases in materials prices and progress in cost reduction efforts have surpassed assumptions. As a result, operating income, ordinary income and profit attributable to owners of parent are expected to surpass the initial forecasts.
(2)
Fiscal 2016
Results for fiscal 2016 are being revised in light of conditions during the first half of the fiscal year.
Note that dividend forecasts (a ¥5 per share interim dividend and a ¥6 per share year-end dividend for a ¥11 per share annual dividend) remain unchanged from those announced on February 10, 2016.
Note:
The above forecasts and projected operating results are based on information available at the time of preparation and thus involve inherent risks and uncertainties that could result in such forecasts and projections differing from actual results.
Lion Corporation published this content on 09 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 May 2016 06:19:06 UTC.
Original documenthttp://www.lion.co.jp/en/press/html/2016011f.htm
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Lion Corporation is a Japan-based company mainly engaged in the manufacture and sale of consumable goods and industrial products. The Company operates in three business segments. The General Consumable Goods segment purchases and manufactures consumable goods, as well as sells its products through agent stores. This segment also involves pet food trading and over-the-counter management business. The Industrial Goods segment trades industrial products and kitchen cleanser. The Overseas segment manufactures and sells general consumable goods and chemical materials in overseas markets. The Company is also engaged in the design, construction and maintenance of the Company's equipment and the transportation of its products, the real estate, agency and welfare businesses.
LION CORPORATION 
