Hereunder, we issue updated forecasts of the business performance of Shizuoka Gas Company, Ltd., on a non-consolidated basis, for fiscal 2006 (January 1 to December 31, 2006). These forecasts constitute revisions of the non-consolidated business forecasts issued on August 17, 2006 simultaneously with the announcement of our fiscal 2006 first-half results.
Forecasts of business performance for fiscal 2006 (January 1 to December 31, 2006) on a non-consolidated basis
For comparison:
Reasons for the Revisions
Sales for the reporting period appear to have been approximately in line with our forecasts of August 17, but the average unit price of finished gas products purchased from our subsidiaries has been lower than projected. As a result, both ordinary income and net income are estimated to have ended the term higher than we forecast in August.
As this factor concerns intra-Group transactions only, it will have no effect on consolidated business performance figures, and we have therefore implemented no revision to our forecasts as of August 2006 on a consolidated basis.
Forecasts of business performance for fiscal 2006 (January 1 to December 31, 2006) on a non-consolidated basis
(¥Million, %)
|
|
Net sales
|
Ordinary income
|
Net income
|
| Forecasts released Aug. 17, 2006 (A) |
64,060
|
2,850
|
1,940
|
| Current estimates (B) |
63,810
|
4,190
|
2,750
|
| Increase (decrease) in amount (B-A) |
(250)
|
1,340
|
810
|
| Change in percentage points (B-A/A) |
(0.4)
|
47.0
|
41.8
|
For comparison:
| Fiscal 2005 (C) |
52,253
|
2,676
|
1,901
|
| Change in percentage points (B-C/C) |
22.1
|
56.6
|
44.6
|
Reasons for the Revisions
Sales for the reporting period appear to have been approximately in line with our forecasts of August 17, but the average unit price of finished gas products purchased from our subsidiaries has been lower than projected. As a result, both ordinary income and net income are estimated to have ended the term higher than we forecast in August.
As this factor concerns intra-Group transactions only, it will have no effect on consolidated business performance figures, and we have therefore implemented no revision to our forecasts as of August 2006 on a consolidated basis.