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Impress Holdings, Inc. Announces Revisions to Results Forecasts
@Tokyo, November 8, 2005 - Impress Holdings, Inc. (TSE: 9479), announced today that, in light of recent performance trends and other factors, the Company has made the following revisions to its results forecasts for the first half of fiscal 2005 (April 1, 2005 to September 30, 2005), announced on August 1, 2005, and for fiscal 2005 (April 1, 2005 to March 31, 2006), announced on May 12, 2005.
1. Revised Results Forecast for the First Half of Fiscal 2005 (April 1, 2005 to September 30, 2005)
(1) Revised Consolidated Results Forecast for the First Half of Fiscal 2005
| (Unit: million yen) |
| |
Net sales |
Ordinary income |
Net income
(first half) |
Previous forecast (A) |
7,500 |
200 |
60 |
Revised forecast (B) |
7,588 |
428 |
277 |
Increase (decrease) (B) - (A) |
88 |
228 |
217 |
Increase (decrease) (%) |
1.2% |
114.0% |
361.7% |
(Reference)
Year-earlier period (six months to September 2004) |
4,995 |
48 |
23 |
|
(2) Revised Parent Results Forecast for the First Half of Fiscal 2005
| (Unit: million yen) |
| |
Net sales |
Ordinary income |
Net income
(first half) |
Previous forecast (A) |
500 |
60 |
150 |
Revised forecast (B) |
498 |
45 |
228 |
Increase (decrease) (B) - (A) |
(2) |
(15) |
78 |
Increase (decrease) (%) |
(0.4) |
(25.0) |
52.0 |
|
(3) Reasons for the Revisions
| 1. |
Revision to the Consolidated Results Forecast |
| |
The effect of various risk factors noted at the time of the previous revision as sources of concern for the second quarter, including a negative seasonal impact on sales at the Print Media business and an increase in returns of books and other printed media, has been less severe than previously anticipated. In addition, sales of higher-margin products and services have exceeded initial estimates, including strong sales of previously published works at the Print Media business and growth in advertising revenue at the Digital Media business.The previously revised forecast is therefore being revised accordingly. |
| 2. |
Revision to the Parent Results Forecast |
| |
Payments from subsidiaries for the Companyfs consolidated corporate income taxes rose by \60 million, to \180 million, as a result of profit growth at subsidiaries, and the forecast is therefore being revised accordingly. |
2. Revised Results Forecast for Fiscal 2005 (April 1, 2005 to March 31, 2006)
(1) Revised Consolidated Results Forecast for Fiscal 2005
| (Unit: million yen) |
| |
Net sales |
Ordinary income |
Net income
(first half) |
Previous forecast (A) |
15,000 |
550 |
330 |
Revised forecast (B) |
15,500 |
800 |
450 |
Increase (decrease) (B) - (A) |
500 |
250 |
120 |
Increase (decrease) (%) |
3.3 |
45.5 |
36.4 |
(Reference)
Year-earlier period (year to March 2005)
|
10,623 |
350 |
308 |
|
(2) Revised Parent Results Forecast for Fiscal 2005
| (Unit: million yen) |
| |
Net sales |
Ordinary income |
Net income
(first half) |
Previous forecast (A) |
900 |
30 |
200 |
Revised forecast (B) |
950 |
30 |
300 |
Increase (decrease) (B) - (A) |
50 |
| |
100 |
Increase (decrease) (%) |
5.6 |
| |
50.0 |
|
(3) Reasons for the Revisions
@The forecasts for consolidated and parent results for the fiscal year to March 2006 are being revised to reflect the revisions to the forecasts for the half-year to September. The revisions to the full-year forecasts also comprehensively take into account risks including returns related to major seasonal products including Mooks for New Yearfs cards, which have a significant impact on results at the Print Media business, and a decline in magazine advertising revenue due to a shift being seen toward digital advertising. In addition, the revision to the forecast for parent net income reflects the fact that payments from subsidiaries for the Companyfs consolidated corporate income taxes, which were previously estimated at \170 million, are now seen rising to \270 million because of profit growth at subsidiaries.
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