Comparison of Full Year Financial Results to Previous Forecast
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.