Impress Holdings, Inc. Announces Revisions to Interim Results Forecast
Tokyo, August 1, 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 interim results forecast for fiscal 2005 (April 1, 2005 to September 30, 2005), announced on May 12, 2005.
1. Revised Interim Consolidated Results Forecast for Fiscal 2005 (April 1, 2005 to September 30, 2005)
| (Millions of yen) |
| |
Net sales |
Ordinary income |
Net income
(first half) |
| Original forecast (A) |
7,000 |
100 |
30 |
| Revised forecast (B) |
7,500 |
200 |
60 |
| Increase (decrease) (B) - (A) |
500 |
100 |
30 |
| Rate of increase (decrease) |
7.1% |
100.0% |
100.0% |
Corresponding period of the
previous fiscal year
(ended September 30, 2004) |
4,995 |
48 |
23 |
|
2. Revised Interim Non-Consolidated Results Forecast for Fiscal 2005 (April 1, 2005 to September 30, 2005)
| (Millions of yen) |
| |
Net sales |
Ordinary income |
Net income
(first half) |
Original forecast (A) |
450 |
30 |
50 |
Revised forecast (B) |
500 |
60 |
150 |
Increase (decrease) (B) - (A) |
50 |
30 |
100 |
Rate of increase (decrease) |
11.1“ |
100.0“ |
200.0“ |
|
3. Reason for the Revisions
(1) Revisions to the Interim Consolidated Results Forecast
In the first quarter of fiscal 2005, results outpaced our initial forecast thanks mainly to higher revenue generated from the various segments within the print media business. Furthermore, the revisions take into account such negative factors in the second quarter as adverse seasonal effects on the print media business and the potential risk arising from the return of books and other media published in the first quarter.
(2) Revisions to the Interim Non-Consolidated Results Forecast
Sales outpaced initial forecasts owing to higher dividend income from subsidiaries and strong first-quarter subsidiary earnings, resulting in higher income from management advisory fees. In addition, we have revised our projected performance figures upward due to a rise in the profitability of subsidiaries that led to a 50 million rise in payments receivable from subsidiaries in line with the Company's consolidated corporate income tax system.
Despite uncertainties in the operating environment in the second half of fiscal 2005, we have left our full-year earnings forecast (consolidated and non-consolidated) unchanged.
