Mar 16, 2000
Amendment forecast of FY1999
This is to formally inform you that we- Terumo amended our FY99 financial forecast (both consolidation and parent) at the time of semi-annual closing of FY99, in time that we disclosed our financial forecast on Nov. 18, 1999. The amendment would like to be informed as follows;
Amendment forecast
1. consolidation (million of yen)
 |
Sales |
Ordinary income |
Net income |
| Last time (Nov.18) |
170,100 |
24,700 |
13,900 |
| This time (Mar.16) |
170,200 |
26,700 |
6,200 |
| difference |
100 |
2,000 |
-7,700 |
| (%) |
0.06 |
8.10 |
-55.40 |
| FY98 result |
160,682 |
29,664 |
14,834 |
2. parent (million of yen)
|
Sales |
Ordinary income |
Net income |
| Last time (Nov.18) |
140,800 |
24,200 |
13,600 |
| This time (Mar.16) |
140,100 |
26,200 |
5,800 |
| difference |
-700 |
2,000 |
-7,800 |
| (%) |
-0.50 |
8.26 |
-57.35 |
| FY98 result |
134,657 |
26,576 |
13,165 |
Contents
In order to conduct sound retirement allowance and pension assets, we introduce another standard of retirement allowance, projected benefit cost method. As the result of recovering insufficient allowance, 16.2 billion yen is recorded as a loss on FY1999 forecast (as of 2000 3, 31). As the breakdown, the loss at the beginning of this fiscal year (15.2 billion yen) is recorded into extraordinary loss, and the one for FY1999 (1 billion yen) is recorded into SG/A (0.6 billion yen) and C.O.S. (0.4 billion yen).
supplementary explanation
- Modification of the Accounting standard of retirement allowance
Actual yield and fund condition of our qualified pension plan and coordinated pension plan for the welfare pension fund is getting strongly worse, and it gives huge influence to our financial and business performance in the future. With considering the view of business surroundings change hereafter, and the fact that it is past deficit of reserve, it come to our decision to record our debt and expense concerned more fairly and to lighten the burden imposed on finance.
- Financial forecast of FY1999
Regarding our sales forecast (both consolidated and parent), we expect to achieve it as almost same as our last forecast at the disclosure of 1999 Nov. 18. Regarding our ordinary income, we amend it to upward by the reason why a yen stayed weaker and a profitable product marked high sales result more than our last forecast.
Note : FY1999 is from 1999 Apr. 1 to 2000 Mar. 31.
