2011
January 31, 2011
Kurita Water Industries Revises Earnings Forecast
Kurita Water Industries Ltd. announces that, in light of its recent operating performance, it has revised the earnings forecast that it issued on April 30, 2010 for the Fiscal year ended March 31, 2011 (April 1, 2010 – March 31, 2011). Details appear below.
1. Revision of full-year consolidated earnings forecast for the Fiscal year ended March 31, 2011 (April 1, 2010 – March 31, 2011)
| Net sales | Operating income | Ordinary income | Net income | Net income per share |
|
|---|---|---|---|---|---|
| Previous forecast (A) | (millions of yen) | (yen) | |||
| 195,000 | 29,500 | 30,000 | 17,300 | 134.47 | |
| Revised forecast (B) | 185,000 | 27,500 | 28,000 | 16,500 | 130.27 |
| Change (B – A) | (10,000) | (2,000) | (2,000) | (800) | – |
| Percent change | (5.1)% | (6.8)% | (6.7)% | (4.6)% | – |
| For reference: Fiscal year ended March 31, 2010 (actual) |
178,520 | 26,358 | 27,096 | 17,288 | 134.38 |
2. Reason for revision
The Kurita Group continues to face an adverse market environment and murky economic outlook. In this environment, the Kurita Group worked to expand earnings through consultative sales aimed at helping customers successfully meet challenges such as productivity enhancement and environmental mitigation. Nevertheless, customers' capital expenditure demand has been slow to recover, and the Group has therefore revised its earnings forecast as detailed above.