Fuji Media : Notice of Differences Between Forecasts and Actual Results for the Six Months ended September 30, 2017 and Revision to Forecasts of Consolidated Financial Results for the Fiscal Year Ending March 31, 2018
October 31, 2017 at 08:38 am
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(Translation)
October 31, 2017
Company name: Fuji Media Holdings, Inc. Representative: Masaki Miyauchi,
President and Representative
Director (Code number: 4676)
Person to
contact: Junji Okunogi,
Senior Executive Director of
Treasury & Finance Department Telephone: +81-3-3570-8000 (key)
Notice of Differences Between Forecasts and Actual Results for the Six Months ended September 30, 2017 and Revision to Forecasts of Consolidated Financial Results for the Fiscal Year Ending March 31, 2018
Fuji Media Holdings, Inc. (the "Company") announces the differences arising between its forecasts of consolidated financial results for the six months ended September 30, 2017, which was announced on May 11, 2017, and the actual results thereof released today, as specified below.
In addition, in light of recent performance and other factors, the Company has also revised its forecasts of full-year consolidated financial results for the fiscal year ending March 31, 2018, as specified below.
Differences between forecasts of consolidated financial results and actual results for the six months ended September 30, 2017 (from April 1, 2017 to September 30, 2017)
Net sales
Operating income
Recurring profit
Net income attributable to owners of the parent
Basic earnings per share
Previous forecast (A)
Millions of Yen
317,900
Millions of Yen
9,100
Millions of Yen
12,800
Millions of Yen
8,800
Yen
38.05
Results (B)
311,816
11,669
15,634
11,609
50.18
Change (B - A)
(6,083)
2,569
2,834
2,809
Percent change (%)
(1.9)
28.2
22.1
31.9
(Reference) Results for the first half of the previous fiscal year
(First half of the fiscal year ended March 31, 2017)
327,601
13,301
17,735
12,732
55.06
Revision to the forecasts of consolidated financial results for the fiscal year ending March 31, 2018 (from April 1, 2017 to March 31, 2018)
Net sales
Operating income
Recurring profit
Net income attributable to owners of the parent
Basic earnings per share
Previous forecast (A)
Millions of Yen
661,500
Millions of Yen
23,500
Millions of Yen
30,500
Millions of Yen
21,300
Yen
92.09
Revised forecast (B)
644,600
23,500
30,500
21,300
92.01
Change (B - A)
(16,900)
-
-
-
Percent change (%)
(2.6)
-
-
-
(Reference) Results for the previous fiscal year
(Fiscal year ended March 31, 2017)
653,976
22,319
30,380
27,396
118.50
Reasons for the differences and revision
Regarding the actual results for the six months ended September 30, 2017, consolidated operating income, recurring profit and net income attributable to owners of the parent surpassed the previous forecast, primarily due to increased earnings in the Urban Development segment, despite net sales falling below the forecast.
With regard to the forecasts of full-year consolidated financial results for the fiscal year ending March 31, 2018, the Company has revised its forecasts as shown above, as net sales are expected to fall below the previous forecast in segments such as Broadcasting, Production, and Life Information while the Urban Development segment is expected to perform strongly.
There are no changes to the dividend forecasts caused by the above revision to the forecasts of consolidated financial results.
Note: The aforementioned forecasts are based on information available to the management at the time of this document's release. Actual results may differ materially from the forecasts due to various factors in the future.
-End of Document-
Fuji Media Holdings Inc. published this content on 31 October 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 October 2017 08:37:05 UTC.
Original documenthttp://www.fujimediahd.co.jp/en/pdf/548PzgS738CWdGWh.pdf
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Fuji Media Holdings Inc is a Japan-based company engaged in the core broadcasting business, the media and content business, and the urban development and tourism business. The Company operates in two business segments. The Media and Content segment is engaged in the production of broadcast programs, movies, anime, games and events, the sale of video and music software, the publication of music, magazines and newspapers, as well as television broadcasting, radio broadcasting, mail order sales and advertising business. The Urban Development and Tourism segment engages in the rental and sale of residences, offices and logistics facilities, the operation of hotels and marine leisure facilities, as well as events and interior decoration and building management business. The Company also engages in movable property leasing and product sales, software development, and restaurants and shops business.
Fuji Media : Notice of Differences Between Forecasts and Actual Results for the Six Months ended September 30, 2017 and Revision to Forecasts of Consolidated Financial Results for the Fiscal Year Ending March 31, 2018