TEIJIN LIMITED To whom it may concern
November 2, 2015
Company: Teijin Limited Stock code: 3401 (First Section, Tokyo Stock Exchange) Representative: Jun Suzuki, President and CEO
Contact: Masahiro Ikeda, General Manager, Finance and Investor Relations Department
Tel: +81-3-3506-4395
Teijin Limited announced today that, in light of recent business performance trends, it has revised its consolidated operating results forecasts announced on July 30, 2015 as follows.
(Millions of yen/%)
Net sales | Operating income | Ordinary income | Profit (loss) attributable to owners of the parent | Profit (loss) attributable to owners of the parent per share (Yen) | |
Previous forecast (A) | ¥810,000 | ¥53,000 | ¥53,000 | ¥30,000 | ¥ 30.52 |
Revised forecast (B) | 790,000 | 58,000 | 58,000 | 34,000 | 34.59 |
Change (B-A) | -20,000 | +5,000 | +5,000 | +4,000 | +4.07 |
Percentage change (%) | -2.5% | +9.4% | +9.4% | +13.3% | - |
(For reference) Results for fiscal 2014 | 786,171 | 39,086 | 42,378 | (8,086) | (8.23) |
Looking at consolidated operating results for fiscal 2015, net sales are expected to be lower than the previously announced forecast, mainly based on the impacts of sluggish consumer spending in Japan and deceleration in the Chinese economy. However, operating income is now expected to exceed the previously announced forecast, mainly based on improving profitability in the materials business, which reflects falling prices for raw materials and fuel and sales mix improvements. The operating results forecasts were revised as, subsequently, ordinary income and profit attributable to owners of parent are now expected to exceed the previous forecasts.
The operating results forecasts were formulated based on information obtainable as of the announcement date of this press release. Actual operating results may vary from the forecasts.
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