2006
4.27
Revision of 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 and non-consolidated financial forecasts for fiscal year ending March 31, 2006 from those previously announced on February 9, 2006.
Revision of Financial Results Forecast (April 1, 2005 - March 31, 2006)
| 1. Non-consolidated basis | (Unit: millions of yen) |
| Net sales | Ordinary income | Net income | |
| Previous Forecast (A) (as of February 9, 2006) | 286,200 | 14,500 | 4,100 |
| Revised Forecast (B) | 287,800 | 20,100 | 8,000 |
| Change amounts (B - A) | 1,600 | 5,600 | 3,900 |
| Change (%) | 0.6% | 38.6% | 95.1% |
| (Ref.) Previous Fiscal Year Results (April 1, 2004 - March 31, 2005) | 297,079 | 25,370 | 12,536 |
(Ref.) Forecast of net income per share: 316.97 yen
2. Consolidated basis
| Net sales | Ordinary income | Net income | |
| Previous Forecast (A) (as of February 9, 2006) | 339,800 | 22,700 | 9,000 |
| Revised Forecast (B) | 346,500 | 30,000 | 13,500 |
| Change amounts (B - A) | 6,700 | 7,300 | 4,500 |
| Change (%) | 2.0% | 32.2% | 50.0% |
| (Ref.) Previous Fiscal Year Results (April 1, 2004 - March 31, 2005) | 357,614 | 35,591 | 16,847 |
(Ref.) Forecast of net income per share: 537.36 yen
3. Reasons for revision
Forecast for fiscal year ending March 31, 2006 will be more than that previously forecast on February 9, 2006.
In terms of net sales, reflecting the increased sales of NTV's popular drama DVDs such as "Gokusen," "Anego" and "Jyouou no Kyoushitsu," broadcasting sales between January to March were slightly higher than expected. 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 from the interim period, highly contributed to its upward revision.
Note: These forward-looking statements are based on management's 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.
