This document has been prepared in accordance with accounting principles and practices generally accepted in Japan, and translated for reference only from the original Japanese version. The Company gives no warranty with respect to its correctness.
Apr. 26, 2012
Takara Holdings Inc.
Revision of Consolidated Business Results Forecast for the Fiscal Year Ended March 31, 2012
Kyoto, Japan – Takara Holdings announced revisions to the business results forecast for the fiscal year ended March 31, 2012 (from April 1, 2011, to March 31, 2012) that it released on January 30, 2012, as stated below. These revisions were based on considerations for recent performance trends.
1. Revised figures for the business results forecast for the fiscal year ended March 31, 2012 (from April 1, 2011, to March 31, 2012)
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2. Reason for revision
Net sales are anticipated to exceed the previously released forecasts by 1,200 million yen (0.6%) due to higher-than-expected sales of the Takara Shuzo Group's shochu.
Likewise, operating income is forecasted to be 600 million yen (7.0%) higher than the previous forecasts due to the expected increase in net sales as well as research and development expenses and other selling, general and administrative expenses amounting to less than projected by the forecasts released on January 30, 2012. Also, these factors as well as improved net non-operating income and expenses are expected to result in ordinary income being 700 million yen (7.9%) more than previously projected.
Further, the higher level of ordinary income coupled with lower-than-expected loss on valuation of investment securities is anticipated to lead to the Company recording net income that exceeds previously forecasted figures by 600 million yen (18.2%).
Moreover, today the Company's consolidated subsidiary Takara Bio Inc. (Tokyo Stock Exchange Mothers, securities code number: 4974) has also announced a revision of its business results forecast for the fiscal year ended March 31, 2012.
* The above-mentioned forecasts have been prepared based on the information available as of the date of announcement of this document and could differ from the business result figures scheduled to be announced on May 9, 2012.
