To whom it may concern
October 29, 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) | ¥390,000 | ¥28,000 | ¥28,000 | ¥18,000 | ¥ 18.31 |
Revised forecast (B) | 392,100 | 35,300 | 35,800 | 24,500 | 24.89 |
Change (B-A) | +2,100 | +7,300 | +7,800 | +6,500 | +6.57 |
Percentage change (%) | +0.5% | +26.1% | +27.9% | +36.1 | - |
(For reference) Results for the six months ended September 30, 2014 | 377,399 | 12,127 | 14,042 | (22,346) | (22.74) |
Operating income for the six months ended September 30, 2015 is now expected to substantially exceed the previously announced forecast. This is due primarily to profitability above initial assumptions that was secured in the materials business, which reflected falling prices for raw materials and fuel and sales mix improvements, as well as various expenses that were expected to arise in the first half that will now be recorded in the second half.
The operating results forecasts were revised as, subsequently, ordinary income and profit attributable to owners of parent are also now expected to exceed the previous forecasts.
The Company plans to announce its full-term operating results forecasts for fiscal 2015 along with its announcement of operating results for the six months ended September 30, 2015 scheduled for November 2, 2015.
The aforementioned 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 depending on a variety of factors.
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