August 9, 2016 Kintetsu World Express, Inc.
Notice of Revision of Results Forecasts
We have made the following revisions to our consolidated earnings forecasts for the six months ending September 30, 2016 and fiscal year ending March 31, 2016 announced on March 11, 2016.
Revision of Consolidated Results Forecasts
Consolidated Results Forecasts for the six months ending September 30, 2017
(Millions of yen)
Net sales
Operating income
Ordinary income
Net income attributable to owners of the parent
Net income per share
Previous forecast(A) (Announced on May 11, 2016)
256,000
6,800
7,100
3,400
¥47.22
Revised forecast(B)
232,000
5,000
5,000
1,500
¥20.83
Differences (B) - (A)
(24,000)
(1,800)
(2,100)
(1,900)
―
Change (%)
(9.4)
(26.5)
(29.6)
(55.9)
―
(Ref.) Six months ended September 30, 2015
164,620
6,595
7,038
4,140
¥57.51
Consolidated Results Forecasts for the fiscal year ending March 31, 2016
(Millions of yen)
Net sales
Operating income
Ordinary income
Net income attributable to owners of the parent
Net income per share
Previous forecast(A) (Announced on May 11, 2016)
534,000
16,400
17,000
9,800
¥136.11
Revised forecast(B)
481,000
12,500
13,000
7,000
¥97.23
Differences (B) - (A)
(53,000)
(3,900)
(4,000)
(2,800)
―
Change (%)
(9.9)
(23.8)
(23.5)
(28.6)
―
(Ref.) Year ended March 31, 2016
420,252
15,356
17,907
9,773
¥135.74
Reason of revision
KWE Japan showed dull performance due to a decline in operating margin resulted from net sales decrease in air freight; APLL showed unfavorable results due to stagnant net sales in sea freight forwarding and costs for enhancement of business base associated with the separation from the former parent company; and it is also expected that a difficult condition will continue in and after the three months ending September 30, 2016.
(Note) Cautionary Statement concerning Earnings Forecasts
The forecasts above are based on information currently available. Actual performance may differ from the above forecasts due to various factors.
KWE - Kintetsu World Express Inc. published this content on 09 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 August 2016 07:27:07 UTC.
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