Sysmex Corporation has revised its business forecast released on May 10, 2010. This revision is based on the recent business environment.
1. Revised Consolidated Business Forecast
(April 1, 2010 to March 31, 2011)
(unit: million yen)
2. Reasons for the Revision
Looking at our financial forecast for the full fiscal year ending March 31, 2011, yen appreciation against the euro and the U.S. dollar now appears likely to be substantially higher than we had previously expected. Consequently, we now expect sales to fall below our earlier forecast. On the profit front, however, we now anticipate higher operating income than previous forecast, thanks to decreased cost of sales and reduced selling, general and administrative expenses. Meanwhile, as foreign exchange losses will reduce our non-operating balance, we believe ordinary income will be lower than previously projected. We have revised the figures in our consolidated financial forecast for the full year accordingly.
For the third quarter onward, we revise our exchange rate assumptions to US$1=¥80 and €1=¥110, compared with our initial assumptions of US$1=¥90 and €1=¥125
Note:The forecasts above were made based on information available on the day of this release. Actual results may therefore differ materially from those described above due to various unforeseen factors and possible events in the future.
- Information contained in the press release is current as of the date of the announcement,
but may be subject to change without prior notice.