Impress Holdings, Inc. Announces Revisions
to Nonconsolidated Results Forecast
Tokyo, Feb. 3, 2005—Impress Holdings, Inc. (TSE: 9479), announced today that, in light of recent performance trends and other factors, it has made the following revisions to the nonconsolidated results forecast for the fiscal year ending March 31, 2005, announced on May 13, 2004.
1. Revised Nonconsolidated Results Forecast for Fiscal 2004 (April 1, 2004, to March 31, 2005)
(Millions of yen, %) |
| |
Net sales |
Ordinary income (loss) |
Net income (loss) |
| Original forecast (A) |
2,800 |
(200) |
50 |
| Revised forecast (B) |
2,900 |
(80) |
100 |
| Increase (B)- (A) |
100 |
120 |
50 |
| Rate of increase (%) |
3.6 |
— |
100 |
| Fiscal 2003 |
5,439 |
(232) |
(1,167) |
|
| Note: Forecast net income per share: \822.45 |
2. Reason for the Revision
On October 1, 2004, Impress Holdings implemented a corporate separation, transferring the Companyfs print media and digital media operations to the newly established company Impress Corporation.
As a result, Impress Holdings became a pure holding company and only posted dividend income, consultation fees, and similar income as of the latter half of fiscal 2004. Taking into consideration this change in the Companyfs earnings structure as well as lower than anticipated expenses in the latter half of the fiscal year and performance in the first half of fiscal 2004 as an operating holding company, Impress Holdings revised its original nonconsolidated results forecast for fiscal 2004.
At present, no changes have been made to the consolidated results forecast for fiscal 2004 announced in May 2004.
