April 28, 2017

T&D Holdings, Inc. Tetsuhiro Kida, President (Security Code: 8795)

Revisions of Consolidated Earnings Forecasts for the Fiscal Year Ended March 31, 2017

T&D Holdings, Inc. (President: Tetsuhiro Kida) hereby announces that it has revised the consolidated earnings forecasts for the fiscal year ended March 31, 2017, as follows:

Consolidated Earnings Forecasts for the Fiscal Year Ended March 31, 2017 (April 1, 2016 - March 31, 2017)

(Millions of yen)

Ordinary Revenues

Ordinary Profit

Profit Attributable to Owners of Parent

Net Income Per Share (Yen)

Previous Forecasts (A)

1,750,000

164,000

73,000

112.52

Revised Forecasts (B)

1,976,000

157,000

75,000

117.81

Amount of Change (B)-(A)

226,000

(7,000)

2,000

-

Percentage of Change (%)

12.9

(4.3)

2.7

-

(Reference)

Results of the Previous Fiscal Year End

2,025,925

171,434

72,547

111.00

Note: "Previous Forecasts (A)" is the forecast previously announced on May 13, 2016.

Reasons for the Revisions

Ordinary revenues are expected to exceed the previous forecast due to increases in income from insurance premiums, etc.

Ordinary profit is expected to be approximately 157.0 billion yen due to increases in losses from derivatives, net, etc., and profit attributable to owners of parent is expected to be approximately 75.0 billion yen due to decreases in total income taxes, etc.

Note: The above forecasts are based on the information available at the date of this announcement. Actual results may differ from the stated forecast figures due to various factors.

For inquiries, please contact:

T&D Holdings, Inc., Group Planning Department, Investor Relations Division Tel: +81-3-3272-6103

T&D Holdings Inc. published this content on 28 April 2017 and is solely responsible for the information contained herein.
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