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Tokyo, September 28, 2005 - CSK CORPORATION ("CSK") today issued revised consolidated and non-consolidated interim forecasts for the fiscal year ending March 31, 2006. Details of the revised forecasts are as follows, along with the previous forecasts issued on August 10, 2005.
1. Reason for revision of forecasts
In the interests of securing funds to carry out flexible capital policies, and to optimize the company's holdings of real estate, CSK has been making preparations for the securitization, and subsequent sale of shares, of real estate relating to its Aoyama headquarters and other areas. Because the contract and completion of sales relating to this process were expected to be completed during the first half of the fiscal year, interim and full-year forecasts were issued that took into account the extraordinary income expected from the sale.
However, the process is running one month behind the schedule originally planned, and the contract and completion of sales is now expected to take place during the second half of the fiscal year. For this reason, consolidated and non-consolidated interim forecasts have been revised to reflect the fact that income from this sales process will not be recorded during the interim period.
There are no changes to the full-year forecasts.
2. Revised consolidated interim forecasts
| (Period from April 1, 2005 to September 30, 2005) | (¥ million) |
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| | Net sales | Ordinary income | Net income |
| Previous (A) | 112,500 | 9,000 | 24,500 |
| Revised (B) | 112,500 | 9,000 | 12,500 |
| Change (B) - (A) | - | - | (12,000) |
| Change in percent | - | - | (49.0%) |
| Interim period ended September 30, 2004 | 175,765 | 13,544 | 30,160 |
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3. Revised non-consolidated interim forecasts
| (Period from April 1, 2005 to September 30, 2005) | (¥ million) |
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| | Net sales | Ordinary income | Net income |
| Previous (A) | 63,000 | 6,700 | 28,000 |
| Revised (B) | 63,000 | 6,700 | 16,000 |
| Change (B) - (A) | - | - | (12,000) |
| Change in percent | - | - | (42.9%) |
| Interim period ended September 30, 2004 | 74,059 | 6,962 | 34,471 |
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