News Release November 4, 2016 Lion Corporation President: Itsuo Hama
(Code 4912)
Lion Revises Performance and Dividend Forecasts
In consideration of recent business results, Lion Corporation has revised its consolidated performance forecasts announced on July 29, 2016 and its dividend forecasts announced on February 10, 2016. Details are as follows.
Revision of Consolidated Performance Forecasts
Revision of Consolidated Forecasts 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)
385,000
21,000
22,000
13,000
44.73 yen
Current revision (B)
390,000
23,500
25,000
15,000
51.61 yen
Change ( B - A)
5,000
2,500
3,000
2,000
Percentage change
1.3%
11.9%
13.6%
15.4%
Reference: Final figures for fiscal 2015
378,659
16,374
18,099
10,680
39.35 yen
Reasons for the Revisions (Net Sales, Operating Income, Ordinary Income and Profit Attributable to Owners of Parent)
Lion has decided to revise its previous forecasts in light of the Company's consolidated performance for the first three quarters of the fiscal year and because sales in the mainstay Consumer Products business, mainly of highly profitable products, are expected to surpass earlier forecasts, among other factors.
Revision of Dividend Forecasts
Details of the Revision
(Yen)
Dividend per share
First quarter-end
Second quarter-end
Third quarter-end
Year-end
Annual
Previous forecast (announced February 10, 2016)
-
5.00
-
6.00
11.00
Current revision
-
-
-
8.00
13.00
Fiscal 2016 results
-
5.00
-
Fiscal 2015 results
-
5.00
-
5.00
10.00
Reasons for the Revisions
In light of the above consolidated performance forecasts, Lion has revised its forecast for the year-end per-share dividend from ¥6 to ¥8.
As a result of this revision, the forecast for the per-share annual dividend, comprising the interim dividend of ¥5 and the year-end dividend, has been revised to ¥13.
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 04 November 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 November 2016 08:20:12 UTC.
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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 
