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TOKYO, July 11, 2005 - CSK CORPORATION ("CSK") today issued revised consolidated and non-consolidated interim and full year forecasts for the fiscal year ending March 31, 2006. Details of the revised forecasts are as follows, along with the previous forecasts issued on May 17, 2005.
1. Reason for revision of forecasts
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As previously announced, at a board meeting held on June 30, 2005 CSK decided to sell the shares it held in its equity method affiliate Nextcom K.K.1 ("Nextcom"), following the decision of Nextcom to sell its shares of CSK. Today a price was set for the sale of shares being undertaken by CSK.
The sale of these shares will result in extraordinary income of ¥14.8 billion on a consolidated level and ¥18.3 billion on a non-consolidated level, and Nextcom K.K. will no longer be an equity method affiliate. CSK's consolidated and non-consolidated forecasts are being revised to reflect these factors.
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1 Listed on the 2nd section of the Tokyo Stock Exchange, code 2665
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2. Revised consolidated forecasts
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(1) Full-year forecasts (Fiscal year from April 1, 2005 to March 31, 2006) |
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| (¥ million) |
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| | Net sales | Ordinary income | Net income |
| Previous (A) | 250,000 | 28,500 | 14,000 |
| Revised (B) | 250,000 | 28,000 | 23,000 |
| Change (B) - (A) | -- | (500) | 9,000 |
| Change in percent | -- | (1.8%) | 64.3% |
Fiscal year ended
March 31, 2005 | 319,993 | 27,626 | 33,343 |
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(2) Interim forecasts (April 1, 2005 to September 30, 2005) |
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| (¥ million) |
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| | Net sales | Ordinary income | Net income |
| Previous (A) | 112,500 | 9,000 | 3,000 |
| Revised (B) | 112,500 | 9,000 | 12,500 |
| Change (B) - (A) | -- | -- | 9,500 |
| Change in percent | -- | -- | 316.7% |
Interim period ended
September 30, 2004 | 175,765 | 13,544 | 30,160 |
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3. Revised non-consolidated forecasts
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(1) Full-year forecasts (Fiscal year from April 1, 2005 to March 31, 2006) |
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On October 1, 2005 CSK will become a holding company. At this stage forecasts cannot realistically be made for the full year, so non-consolidated forecasts are being announced only for the first half of the fiscal year ending 31st March 2006. |
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(2) Interim forecasts (April 1, 2005 to September 30, 2005)
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| (¥ million) |
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| | Net sales | Ordinary income | Net income |
| Previous (A) | 63,000 | 6,700 | 3,000 |
| Revised (B) | 63,000 | 6,700 | 16,000 |
| Change (B) - (A) | -- | -- | 13,000 |
| Change in percent | -- | -- | 433.3% |
Interim period ended
September 30, 2004 | 74,059 | 6,962 | 34,471 |
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