Feb. 03, 2012Finances
Revision of Financial Forecasts for the Year Ending March 31, 2012
In light of recent performance trends and other factors, Dainippon Sumitomo Pharma Co., Ltd. announces revisions to the financial forecast made on October 31, 2011 for financial forecasts for the year ending March 31, 2012.
(All values are Millions of yen)
1. Revision of Consolidated Financial Forecasts for the Year Ending March 31, 2012（April 1, 2011 to March 31, 2012）
|Net sales||Operating income||Ordinary income||Net income||Earnings per share|
|Previous Forecasts (A)||352,000||20,000||19,000||12,000||¥30.20|
|New forecasts (B)||352,000||22,000||22,000||10,000||¥25.17|
|(Reference) Results for the year ended March 31, 2011||379,513||30,951||28,616||16,796||¥42.27|
2. Reason for revision
Net sales are expected to proceed according to the previous financial forecasts. However, due to our continuous commitment in pursuit of management efficiency reducing costs of sales and SG&A expenses etc., we expect operating income and ordinary income to exceed the forecast in the previous announcement.
Meanwhile, a new extraordinary loss of 36.0 billion yen was recorded in the third quarter (impairment loss of patent rights, business restructuring costs). In addition, since an increase in tax expenses owing to the Corporation Tax Act of Japan revision announced in December 2011, net income is expected to be less compared to the previous forecast.
Consequently, in the consolidated financial forecasts for the year ending March 31 2012, the Company anticipates operating income increases 2.0 billion yen to 22.0 billion yen, ordinary income increases 3.0 billion yen to 22.0 billion yen and net income decreases 2.0 billion yen to 10.0 billion yen compared to the previous forecast announced on October 31, 2011.
Note: Forecasts shown above are based on management's assumptions and beliefs in light of the information currently available, and involves risks and uncertainties. Actual financial results may differ materially depending on a number of factors, including economic conditions.