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Press Release
July 31, 2007 |
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Lion Corporation
President: Sadayoshi Fujishige
(Code 4912) |
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Revision of Forecasts for Interim 2007 |
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Lion Corporation has revised its forecast for interim 2007 (January 1 - June 30, 2007) that was announced on June 29, 2007.
| 1. |
Revision of Forecasts for Interim 2007 (January 1 - June 30, 2007) |
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(1) Consolidated
(Millions of yen)
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Net Sales |
Ordinary income |
Net Income |
| Previous forecast (A) |
158,000 |
2,500 |
1,800 |
| Current revision (B) |
159,617 |
3,744 |
2,885 |
| Change (B – A) |
+1,617 |
+1,244 |
+1,085 |
| Percentage change |
+1.0 |
+49.8 |
+60.3 |
| Reference: Final figures for interim 2006 |
163,295 |
2,508 |
1,770 |
(2) Non-consolidated
(Millions of yen)
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Net Sales |
Ordinary Income |
Net Income |
| Previous forecast (A) |
125,000 |
3,700 |
3,200 |
| Current revision (B) |
124,812 |
4,646 |
3,932 |
| Change (B – A) |
(188) |
+946 |
+732 |
| Percentage change |
(0.2) |
+25.6 |
+22.9 |
| Reference: Final figures for interim 2006 |
126,839 |
3,339 |
2,494 |
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| 2. |
Reasons for the Revision of Forecasts for Interim 2007 |
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| (1) |
Consolidated
Net sales, ordinary income and net income for interim 2007 exceeded previous forecasts owing to stronger than expected sales at subsidiaries and affiliates, mainly overseas, as well as higher than forecast income at Lion Corporation and domestic affiliate companies.
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| (2) |
Non-consolidated
Though net sales for interim 2007 fell slightly below our initial forecast, ordinary income and net income exceeded our forecasts, primarily due to success in holding down cost of sales and overhead expenses. |
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| 3. |
Forecasts for Fiscal 2007 |
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There is no change to the results forecast for fiscal 2007 announced on June 29, 2007. This is mainly because raw material prices and currency movements are uncertain, and we will continuously invest to nurture new products in domestic mainstay categories where market competition is severe. |
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<Reference> Revision of Forecasts for Fiscal 2007 (January 1 - December 31, 2007) announced on June 29, 2007
(1) Consolidated
(Millions of yen)
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Net Sales |
Ordinary income |
Net Income |
| Forecast |
340,000 |
10,000 |
5,500 |
Reference: Final figures for fiscal 2006 |
330,380 |
2,427 |
5,540 |
(2) Non-consolidated
(Millions of yen)
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Net Sales |
Ordinary Income |
Net Income |
| Forecast |
272,000 |
9,200 |
6,200 |
| Reference: Final figures for fiscal 2006 |
257,471 |
1,630 |
5,869 |
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