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.
Oct. 23, 2012
Takara Holdings Inc.
Revision of Consolidated Business Results Forecast for the First Half
of the Fiscal Year Ending March 31, 2013
Kyoto, Japan – Takara Holdings announced revisions to the business results forecast for the first half of the fiscal year ending March 31, 2013 (from April 1, 2012, to March 31, 2013) that it released on May 9, 2012, as stated below. These revisions were based on considerations for recent performance trends.
1. Revised figures for the business results forecast for the first half of the fiscal year ending March 31, 2013 (from April 1, 2012, to September 30, 2012)
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2. Reason for revision
In the first quarter of the fiscal year ending March 31, 2013, the Company recorded loss on valuation of investment securities of ¥697 million under extraordinary loss, as indicated in the Consolidated Financial Statements for the First Quarter Ended June 30, 2012, which were released on July 27, 2012. Moreover, in the six-month period ended September 30, 2012, the Company recorded loss on valuation of investment securities of approximately ¥1 billion under extraordinary loss. As a result, net income for that period is expected to be ¥800 million (66.7%) lower than projected by previous forecasts (released on May 9, 2012).
Further, consolidated subsidiary Takara Bio Inc. (Tokyo Stock Exchange Mothers, securities code number: 4974), which conducts the Biomedical business, also announced revisions to forecasts for the six-month period ended September 30, 2012. However, the impact on the Company's consolidated business results is expected to be minimal.
3. Full-year business results forecast for the fiscal year ending March 31, 2013
The Company is currently evaluating whether or not revisions to forecasts for consolidated business results for the full fiscal year are necessary and the considering the details of possible revisions. The Company will make an announcement in this regard when it announces its business results for the first half on November 5, 2012.
Further, the full-year forecasts for the fiscal year ending March 31, 2013, released on May 9, 2012, projected the recording of loss on valuation of investment securities of approximately ¥800 million under extraordinary loss on a full year basis.
* * 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 November 5, 2012.
