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Revision of earnings forecast for the first-half of fiscal year 2000

Oct. 20, 2000
Nissho Iwai Corporation
President & CEO: Shiro Yasutake
Securities code: 8063

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Ito TEL(03)3588-4715

To Whom It May Concern


Earnings for the mid-term period ending September 30, 2000 are expected to be revised from the 
previous forecast as of May 18, 2000. as follows;


[1]  Revision of mid-term earnings forecast (non-consolidated) for fiscal 2000

Mid-term (April 1, 2000 to September 30, 2000)         (unit : million yen)

Sales Recurring Income Net Income
Previous forecast ( 18th May, 2000 ) 2,400,000 4,500 2,000
Revised forecast 2,300,000 8,700 2,260
Increase/Decrease - 100,000 4,200 260
Ratio (%) - 4.1 93.3 13.0
Mid-term earnings of fiscal year 1999 (Sept. 1999 ) 3,118,310 11,049 - 3,511



[2]  Revision of mid-term earnings forecast (consolidated) for fiscal 2000

Mid-term (April 1, 2000 to September 30, 2000)         (unit : million yen)

Sales Recurring Income Net Income
Previous forecast ( 18th May, 2000 ) 3,500,000 11,000 4,500
Revised forecast 3,230,000 14,500 5,500
Increase/Decrease - 270,000 3,500 1,000
Ratio (%) - 7.7 31.8 22.2
Mid-term earnings of fiscal year 1999 (Sept. 1999 ) 3,751,192 16,166 -2,301

[Note] The earnings forecast (both non-consolidated and consolidated) for fiscal 2000(April 1, 2000 
to March 31, 2001) is  expected not to change from the earlier forecast of May 18, 2000 as follows;
(unit : million yen)
Sales Recurring Income Net Income
Previous forecast ( non-consolidated )  5,100,000 13,000 7,000
Previous forecast (consolidated )  7,300,000 44,000 23,000



[3] Reason of Revision

Owing to improvement of net interest cost and increase of dividend income from unconsolidated 
companies and overseas local subsidiaries improving their earnings result.


 

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