2005
8.1
Revision of Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2006
Nippon Television Network Corporation
(Tokyo Stock Exchange 9404)
Nippon Television Network Corporation (NTV) announced today its revision of consolidated financial forecast for fiscal year ending March 31, 2006 from those previously announced on May 19, 2005.
1.Revision of Financial Forecast
| (1) For 6 months ending September 30, 2005 | (Unit: millions of yen) |
| Net sales | Ordinary income | Net income | |
| Previous Forecast (A) (as of May 19, 2005) | 168,500 | 15,500 | 8,300 |
| Revised Forecast (B) | 171,000 | 12,700 | 3,200 |
| Change amounts (B - A) | 2,500 | △2,800 | △5,100 |
| Change (%) | 1.5% | △18.1% | △61.4% |
| Previous interim period result (For 6 months ended September 30, 2004) | 179,745 | 16,007 | 5,959 |
| (2) For fiscal year ending March 31, 2006 | (Unit: millions of yen) |
| Net sales | Ordinary income | Net income | |
| Previous Forecast (A) (as of May 19, 2005) | 343,000 | 33,000 | 18,000 |
| Revised Forecast (B) | 342,500 | 26,900 | 10,900 |
| Change amounts (B - A) | △500 | △6,100 | △7,100 |
| Change (%) | △0.1% | △18.5% | △39.4% |
| Previous fiscal year results (For the year ended March 31, 2005) | 357,614 | 35,591 | 16,847 |
| (Ref.) Forecast of net income per share: 436.78 yen |
(3) Reasons of revision
Forecast for net sales for the 6 months period ending September 30, 2005 will increase by 1.5% because of an increase in sales of VAP Inc. with stronger sales of DVDs and CDs.
Forecast for net sales for the fiscal year ending March 31, 2006, however, will slightly decrease due to declining TV Broadcasting sales.
The decrease in forecast of ordinary income is due to an increase of production cost to strengthen regular programs and to aggressively create strong non-regular programs for gaining better viewer ratings.
The decrease in forecast of net income is due to an expected large increase in loss on devaluation of investment securities in the amount of about 5 billion yen in addition to the reasons stated above.
Note: These forward-looking statements are based on managements' assumptions and beliefs in light of the information currently available, and involve risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements.
