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Forecasts for the
Year Ending March 31, 2003
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| Consolidated
business forecasts for the year ending March 31, 2003 |
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[¥100
million] |
Year
ended
March 31, 2002
FY 2001 |
Year
ended
March 31, 2003
FY 2002 |
Y.O.Y |
<Actual>
1st half |
<Actual>
2nd half |
<Actual>
Total |
<Actual>
1st half |
<Forecast>
2nd half |
<Forecast>
Total |
| Net sales |
2,524
|
2,285 |
4,809 |
2,607 |
2,443 |
5,050 |
+5.0% |
| Operating
income |
49 |
-10 |
39 |
65 |
75 |
140 |
+259.0% |
| Ordinary
income |
20 |
-52 |
-32 |
32 |
38 |
70 |
- |
| Income
before tax |
97 |
-200 |
-103 |
75 |
8 |
83 |
- |
| Net income |
37 |
-214 |
-177 |
8 |
2 |
10 |
- |
| (Rate:
US$ 1 = ) |
(¥119.97) |
(¥123.02) |
(¥121.50) |
(¥129.67) |
(¥120.00) |
(¥125) |
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| (Rate:
STG£ 1 = ) |
(¥172.92) |
(¥177.63) |
(¥175.27) |
(¥187.30) |
(¥185.00) |
(¥185) |
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| (Rate:
EURO 1 = ) |
(¥107.33) |
(¥109.93) |
(¥108.63) |
(¥115.98) |
(¥120.00) |
(¥112) |
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| The economic environment
for the 2nd half of FY 2002 remains unclear.
The outlook for the U.S. economy is uncertain.
The weak stock market and high unemployment
rates in Japan is expected to weigh down
consumer demand.
Under these circumstances, we have
abandoned our initial outlook which assumed
further recovery in the 2nd half of the
year, and have revised our forecast to
include only firm figures.
As will be explained later, the
2nd phase of our “Business Restructuring
Program” is proceeding as scheduled,
and the positive effects expected on our
profits centering in Japan and Europe,
have been included in the new forecast.
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