Revision of Forecast (4887L)
August 01 2011 - 6:43AM
UK Regulatory
TIDMTKK
RNS Number : 4887L
Toray Industries Inc
01 August 2011
August 1, 2011
Toray Announces Revised Forecast of
Business Results for Fiscal 2011
Tokyo, August 1, 2011 - Toray Industries, Inc. today announced
the revision to its forecast of business results for fiscal 2011
announced on May 10, 2011, taking into account recent business
conditions.
Forecast of consolidated business results for the 1st half of
fiscal 2011
(April 1, 2011 - September 30, 2011)
Net
income
basic
Net sales Operating Ordinary Net income per
(JPY income (JPY Income (JPY (JPY share
million) million) million) million) (JPY)
---------------- -------------- -------------- -------------- -------------- -------
Previous
forecast (A) 780,000 47,000 46,000 29,000 17.80
---------------- -------------- -------------- -------------- -------------- -------
Revised
forecast (B) 800,000 60,000 62,000 39,000 23.94
---------------- -------------- -------------- -------------- -------------- -------
Change (B)-(A) 20,000 13,000 16,000 10,000 -
---------------- -------------- -------------- -------------- -------------- -------
Percentage of
change 2.6% 27.7% 34.8% 34.5% -
---------------- -------------- -------------- -------------- -------------- -------
(Reference)
FY2010 1H
Results (April
1, 2010 -
September 30,
2010) 733,377 42,520 40,464 24,919 16.05
---------------- -------------- -------------- -------------- -------------- -------
Forecast of consolidated business results for fiscal 2011
(April 1, 2011 - March 31, 2012)
Net
income
basic
Net sales Operating Ordinary Net income per
(JPY income (JPY Income (JPY (JPY share
million) million) million) million) (JPY)
---------------- -------------- -------------- -------------- -------------- -------
Previous
forecast (A) 1,650,000 110,000 109,000 67,000 41.12
---------------- -------------- -------------- -------------- -------------- -------
Revised
forecast (B) 1,670,000 120,000 120,000 74,000 45.42
---------------- -------------- -------------- -------------- -------------- -------
Change (B)-(A) 20,000 10,000 11,000 7,000 -
---------------- -------------- -------------- -------------- -------------- -------
Percentage of
change 1.2% 9.1% 10.1% 10.4% -
---------------- -------------- -------------- -------------- -------------- -------
(Reference)
FY2010 Results
(April 1, 2010
- March 31,
2011) 1,539,693 100,087 98,888 57,925 36.41
---------------- -------------- -------------- -------------- -------------- -------
Reason for revision
Under the medium-term management program "Project AP-G 2013"
started in April this year, Toray Group has been pursuing business
expansion in growth business fields and growth regions and making
earnest efforts to further strengthen cost competitiveness. While
the outlook remains clouded by uncertainties including financial
instability in the U.S. and Europe as well as fluctuations of
exchange rates and raw material prices, the Group has been
expanding its earnings in the businesses such as Fibers and
Textiles, Plastics and Chemicals, and Carbon Fiber Composite
Materials. Taking these factors into account, the Company is
revising its first-half and full-year consolidated forecasts for
the fiscal year ending March 31, 2012.
Disclaimer
The above stated forecasts are formulated based on estimates of
future economic environment as of the announcement date of this
material and the actual results could differ from the forecasts due
to various factors in the future. The material in this statement is
not a guarantee of the Company's future business performance.
For further information, please contact:
Mr. Kenjiro Kamiyama Mr. Yoshiaki Nakayama
General Manager General Manager
Investor Relations Department Corporate Communications Department
Tel: +81-3-3245-5113 Tel: +81-3-3245-5178
Fax: +81-3-3245-5459 Fax: +81-3-3245-5459
Toray Industries, Inc.
http://www.toray.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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