NTN : Notice of Revised Earnings Forecast (15KB)

957059eb-edac-4229-ad4b-36846611e3ab.pdf

To whom it may concern

NTN Corporation

January 29, 2016

Representative: Hiroshi Ohkubo, President (Security Code: 6472)

Contact: Keiji Ohashi, Managing Director,

Director and Corporate General Manager,

Finance Headquarters

(TEL: +81-6-6443-5001)

Notice of Revised Earnings Forecast

NTN Corporation hereby advises that it has revised the earnings forecast announced on May 13, 2015 in light of recent earnings trends.

[Revision to Earnings Forecast]

Revision to consolidated earnings forecast for fiscal year ending March 31, 2016 (year from April 1, 2015 to March 31, 2016)

Net sales million yen	Operating income million yen	Ordinary income million yen	Net income attributable to shareholder (parent company) million yen	Net income per share yen
Previous forecast (A)	725,000	50,000	45,000	31,000	58.29
New forecast (B)	718,000	48,000	38,000	15,000	28.21
Change (B-A)	-7,000	-2,000	-7,000	-16,000
Change (%)	-1.0	-4.0	-15.6	-51.6
(Reference) Previous year results (Year ended March 31, 2015)	701,900	43,850	38,868	23,352	43.91

Reasons for Revision:

We revise our business forecast as the earnings forecast is expected to be lower than the previously announced forecast reflecting a decrease of sales due to a decline in customer demand in South and Central Americas and China as well as ASEAN and other areas, a foreign exchange loss of subsidiaries in emerging countries due to weakness of their currencies, and loss associated arbitration award.

We assume that the exchange rate in the fourth quarter will be 115 yen per US dollar and 130 yen per euro.

Note: The above forecasts are based on the data as of the date of announcement.

Actual earnings figures may differ from revised forecast figures.