Shionogi & Co., Ltd. - Notice of Revision of Results Forecast for the Year Ended March 31, 2007
TOKYO, April 4, 2007-Shionogi & Co., Ltd. has revised its results forecast for the fiscal year ended March 31, 2007, which was announced on November 6, 2006, as follows.1. Revised Results Forecast for the Full Fiscal Year
April 1, 2006 – March 31, 2007
Consolidated
(Millions of yen)
| Net sales | Operating income | Ordinary income | Net income | |
| Original forecast (A) |
205,000 |
31,000 |
31,000 |
18,000 |
| Revised forecast (B) |
200,000 |
28,500 |
28,000 |
18,000 |
| Increase (decrease) (B-A) |
(5,000) |
(2,500) |
(3,000) |
- |
| Percentage increase (decrease) |
(2.4?) |
(8.1?) |
(9.7?) |
- |
| Previous fiscal year |
196,388 |
29,226 |
29,656 |
22,735 |
(2)
Non-consolidated
(Millions of yen)
| Net sales | Operating income | Ordinary income | Net income | |
| Original forecast (A) |
193,000 |
27,500 |
29,000 |
17,000 |
| Revised forecast (B) |
185,500 |
24,500 |
25,500 |
17,000 |
| Increase (decrease) (B-A) |
(7,500) |
(3,000) |
(3,500) |
- |
| Percentage increase (decrease) |
(3.9?) |
(10.9?) |
(12.1?) |
- |
| Previous fiscal year |
183,388 |
25,770 |
28,107 |
26,663 |
2. Reasons for the Revisions
Net sales for the year ended March 31, 2007 are projected to fall short of the original forecast due to weaker sales of core ethical drugs resulting from lower prevalence of influenza and pollen allergies and the delay of the planned sales expansion of new products. Consequently, both operating income and ordinary income are forecast to be below the original forecast. Net income is expected to meet the original forecast due to gain on exchange of shares that was not included in the original non-consolidated forecast.
For Further Information
Shionogi & Co., Ltd., Public Relations Unit
Osaka TEL: +81-6-6209-7885 FAX: +81-6-6229-9596
Tokyo TEL: +81-3-3406-8164 FAX: +81-3-3406-8099
Posted: April 2007
