In the light of our recent business performance, we have revised our business performance forecasts for fiscal 2008 (from January 1 to December 31, 2008) which we announced on May 8, 2008 together with our account settlements for the first quarter (January 1 to March 31). The revised figures are shown below.

Consolidated

Forecasts of business performance for the fiscal 2008 full term
(January 1 to December 31, 2008)

(¥Million)

*Net loss per share


Non-consolidated

Forecasts of business performance for the fiscal 2008 full term
(January 1 to December 31, 2008)

(¥Million)

*Net loss per share


Reasons for the Revisions

Based on recent trends, sales are likely to fall slightly short of the previous forecast. In addition, the price of crude oil has risen sharply above our assumption as of the previous business performance forecast, and a time lag is expected between rises in the prices of LNG purchased and the effective date of our corresponding raises in gas selling prices under the official price adjustment system. As a result, figures posted under the account titles of operating income/loss, ordinary income/loss, and net income/loss (both consolidated and non-consolidated) are all projected to post a significant deterioration from the previous forecasts.

Reference: Forecasts of oil prices and the yen's exchange rate
 

Oil prices
(Japan CIF)
Previous forecast $100/bbl (2nd half)
Current forecast $129/bbl (July-Sept.);
$120/bbl (Oct.-Dec.)
Yen rate Previous forecast ¥100/$1 (2nd half)
Current forecast ¥106.3/$1 (July-Sept.);
¥105.0/$1 (Oct.-Dec.)


Disclaimer: The above forecasts are based on information available to the management as of the time of writing. Accordingly, actual business performance figures may differ substantially from these forecasts owing to a number of unforeseeable factors.