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Comparison of Full Year Financial Results to Previous Forecast

Date
20 May 2009
The NSG Group today confirms the consolidated financial results for FY2009 (1 April 2008 to 31 March 2009). The final results for FY2009 differ from the previous forecast, issued on 29 January 2009, as set out below.

1. Comparison of actual results and previous forecast results

(Unit: JPY million, %)

 

Net Sales

Operating income

Ordinary income

Net Income

Net income per share

Previous forecast (A) published on 29 January 2009

750,000

0

(13,000)

(22,000)

¥(32.92)

Actual results (B)

739,365

1,908

(12,259)

(28,392)

¥(42.49)

Change (B-A)

(10,635)

1,908

741

(6,392)

-

Change (%)

-1.4%

-

-

-

-

Previous year result (FY2008)

865,587

46,462

30,437

50,416

¥75.44

2. Reason for the change

The increase in operating income arises partly from reduced costs and partly from better than anticipated trading conditions in the month of March 2009. The reduction in net income is primarily due to the derecognition of certain deferred tax assets arising on historic taxable losses.