|
|||
| Despite increased sales
in the information technology businesses, consolidated net sales (total
trading transactions) are projected to decrease ¥474.4 billion (7.3%)
to ¥6.0 trillion as a result of lower non-consolidated sales following
elimination of unprofitable trade operations and the transfer of consolidated
subsidiaries to companies accounted for by the equity method. Owing to growth of consolidated subsidiaries, gross profit is expected to rise ¥9.3 billion (3.2%) to ¥297.0 billion despite lower sales on a non-consolidated basis, and SG&A expenses are projected to increase ¥3.6 billion (1.6%) to ¥229.0 billion, resulting in an increase of ¥5.7 billion(9.1%) in operating profit to ¥68.0 billion. Other expenses are expected to improve 1.3%, or ¥300 million, to ¥23.0 billion due to higher income of companies accounted for by the equity method, despite the erasure of temporary gains in income of consolidated subsidiaries during the fiscal year ended March 31, 2001. The Company expects recurring profit to increase ¥5.9 billion(15.1%) to ¥45.0 billion, and net income to total ¥20.0 billion as in the previous fiscal year. Note: These projections are based on the premise that the ¥/$ exchange rate will be ¥118 to the dollar and that crude oil prices will average $25.00/BBL (Dubai). The above forecast is based on rational conclusions drawn from information available to management at the time of writing. However, actual results may vary depending on external factors such as economic conditions of the markets in which the Company operates, exchange rate fluctuations, etc. |
|||
| |
| Consolidated Financial Statements Non-Consolidated Financial Statements To Our Stakeholders Business Results (Consolidated) Outlook for Fiscal Year 2001 (Consolidated) |
| |
|