Amendments have been made to the consolidated forecast and the dividend forecast for the fiscal year ending March 31, 2015 as follows:
●Amendments to the consolidated forecast for the fiscal year ending March 31, 2015
| Net sales | Operating income |
Ordinary income |
Net income | Net income per share |
|
|---|---|---|---|---|---|
| Forecast previously announced (A) (on May 13, 2014) |
3,465,000 | 62,000 | 57,000 | 14,000 | yen sen 16.53 |
| Revised forecast (B) | 3,071,000 | -44,000 | -57,000 | -91,000 | -107.43 |
| Change (B-A) | -394,000 | -106,000 | -114,000 | -105,000 | |
| Change | -11.4% | - | - | - | |
| (Reference)Last year results (Ending March. 31, 2014) |
3,537,782 | 39,715 | 41,847 | 4,348 | 5.13 |
Reason for Amendment
The petroleum business segment performance excluding impact of inventory valuation is expected to exceed the previous forecast announced on May 13, 2014.
However, the main reason for this downward revision is that the inventory valuation loss is expected to exceed the previous forecast due to the decline in crude oil prices. This business outlook is based on the assumptions of a crude oil price at US$45.0 per bbl and an exchange rate at JPY120.0 per US$ for the last three months of FY2014 and based on the assumptions of a crude oil price at US$81.7 per bbl and an exchange rate at JPY110.1 per US$ for the full year of FY2014
(Assumptions at the previous forecast: a crude oil price US$104.0 per bbl, an exchange rate JPY102.0 per US$ )
- (Note) The above business outlook is based on information available as of the published date of this release and actual results may materially differ from the forecast subject to variable factors that may arise in the future.
●Amendments to the dividend forecast for the fiscal year ending March 31, 2015
| Annual dividend per share Total | |||||
|---|---|---|---|---|---|
| As of Q1-end | As of Q2-end | As of Q3-end | As of Fiscal Year-end |
Full year | |
| Forecast Previously announced (on May 13, 2014) |
yen sen - |
yen sen - |
yen sen - |
yen sen 4.00 |
yen sen 4.00 |
| Revised forecast (for the YearEnding March 31, 2015) |
- | - | - | 0.00 | 0.00 |
| Dividend paid (for the YearEnding March 31, 2015) |
- | 0.00 | - | ||
| (Reference)Dividend paid (for theYear Ending march 31, 2014) |
- | 0.00 | - | 2.00 | 2.00 |
Reason for Amendment
Paying stable dividends is our priority policy for returns to stockholders.
However, after a careful and comprehensive consideration including the recent revision to the financial forecast,
we sincerely regret to announce non-dividend for this fiscal year.
