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Press Release
January 29, 2010 |
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Lion Corporation
President: Sadayoshi Fujishige
(Code 4912) |
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Revision of Fiscal 2009 Forecasts |
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In consideration of current business trends, Lion Corporation has revised the forecasts for fiscal 2009 (January 1 – December 31, 2009) that were announced with its financial results for fiscal 2009 on July 31, 2009.
| Revision of Consolidated Forecasts for Fiscal 2009 (January 1 – December 31, 2009) |
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(Millions of yen)
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Net Sales |
Operating income |
Ordinary income |
Net Income |
EPS |
| Previous forecast (A) |
325,000 |
9,000 |
9,000 |
4,000 |
14.80yen |
| Current revision (B) |
321,900 |
10,000 |
11,000 |
5,400 |
19.98yen |
| Change (B – A) |
(3,100) |
1,000 |
2,000 |
1,400 |
- |
| Percentage change |
(1.0)% |
11.1% |
22.2% |
35.0% |
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| Reference: Final figures for fiscal 2008 |
338,236 |
8,277 |
7,603 |
3,040 |
11.23yen |
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| Reasons for Revising Fiscal 2009 Forecasts |
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(1)
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Net sales
Consolidated net sales in the current period are expected to decline. This is attributable to lower sales in the Chemical Products Business segment as a result of stagnant industrial demand, as well as to the impact of the strong yen, resulting in diminished sales figures after translation from the net sales amounts in foreign currency of overseas subsidiaries. Due to such factors as a downturn in orders and completed work brought about by a decline in construction demand at the consolidated subsidiary engaged in the construction contracting business, consolidated net sales are expected to fall below those previously forecast. |
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(2)
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Operating income and ordinary income
Although net sales have declined as a whole, consolidated operating income is expected to be higher than that forecast due to such factors as progress made with cost-reducing measures and curbing expenses, combined with a domestic toiletries industry products business performance, both domestically and overseas, that on the whole remains steady. Furthermore, in addition to the expected increase in consolidated operating income, consolidated ordinary income is expected to exceed the previous forecast due to such factors as increased earnings from equity method investments. |
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(3)
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Net income
Net income for fiscal 2009 is expected to be higher than previously forecast due to the increase in consolidated ordinary income and other factors. |
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| Full-year financial results for the fiscal year ended December 31, 2009 will be announced on February 10, 2010. The dividend forecasts announced on February 6, 2009—¥5 per share for the year-end and ¥10 for the full year—remain unchanged. |
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| Note: |
| The forecasts and projected operating results contained in this report, which are based on information available at the time of preparation, thus involve inherent risks and uncertainties that could result in such forecasts and projections differing from actual results. |
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