2005
5.12
Revision of Consolidated Financial Results Forecast for Fiscal Year Ended March 31, 2005
Nippon Television Network Corporation announces today its revision of Consolidated financial results forecast for the fiscal year ended March 31, 2005, from those previously reported on February 3, 2005.
1. Revision of Consolidated Financial Results Forecast (April 1, 2004 - March 31, 2005)
| ( Unit: millions of yen ) |
| Net sales | Recurring profit | Net income | |
| Previous Forecast (A) | 354,400 | 32,400 | 12,500 |
| Revised Forecast (B) | 357,600 | 35,500 | 16,800 |
| Difference (B – A) | 3,200 | 3,100 | 4,300 |
| Percent Change | 0.9% | 9.6% | 34.4% |
| (Ref.) Previous Fiscal Year Results | 328,374 | 36,800 | 19,359 |
(Ref.) Forecast of net income per share: 671.08 yen 2. Reason for the revision
In the 4th quarter of fiscal year ended March 31, 2005, we had stronger than expected spot and time sales.Our efforts at cost reduction, particularly by controlling programming cost, led to the positive revision. A decrease of extraordinary loss, due to a decrease of loss on devaluation of investment securities, also contributed to its upward revision. The non-consolidated financial results forecast for the fiscal year ended March 31, 2005, was announced on April 28, 2005.
Note: These forward-looking statements are based on managements' assumptions and beliefs in light of the information currently available.
