In the light of our recent business performance, we have revised our business performance forecasts for fiscal 2009 (from January 1 to December 31, 2009) which we announced on February 10, 2009 together with our account settlements for fiscal 2008 (January 1 to December 31). The revised figures are shown below.
Consolidated
Forecasts of business performance for the fiscal 2009 full term
(January 1 to December 31, 2009)
(¥Million)
|
Non-consolidated
Forecasts of business performance for the fiscal 2009 full term
(January 1 to December 31, 2009)
(¥Million)
|
Reasons for the Revisions
Revenue from gas sales is expected to be approximately as previous forecast, as gas sales volume will fall short of the previous year's level despite a recovery, mainly in sales to large-lot customers, and overall sales including sales of LPG etc. are projected to be slightly lower.
Crude Oil prices for the second half period was expected to rise, however cost of sales for the full term are expected to be lower than previously forecast in consequence of lower crude oil prices and the appreciation of the yen is higher than previous forecast during the first half of the fiscal 2009. As a result, we predict that operating income, ordinary income, and net income will all be substantially higher than our previous forecast, on both a consolidated and non-consolidated basis.
Reference: Forecasts of oil prices and the yen's exchange rate
Oil prices (Japan CIF) |
Previous forecast | $57/bbl (Full term) |
Current forecast | $70/bbl (2nd half) | |
Yen rate | Previous forecast | ¥100/$1 (Full term) |
Current forecast | ¥100/$1 (2nd half) |
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.