2007
4.27
Revision of Financial Forecast and Year-end Dividends for the Fiscal Year Ended March 31, 2007
Nippon Television Network Corporation
(Tokyo Stock Exchange 9404)
Nippon Television Network Corporation (NTV) announced today its revision of consolidated and non-consolidated financial forecasts and year-end dividends for fiscal year ended March 31, 2007 from those previously announced on February 8, 2007.
1. Revision of Financial Results Forecast (April 1, 2006 - March 31, 2007)
| (1) Revision 1. Consolidated basis | (Unit: millions of yen) |
| Net sales | Ordinary income | Net income | |
| Previous Forecast (A) (as of February 8, 2007) | 336,000 | 26,000 | 14,000 |
| Revised Forecast (B) | 343,500 | 34,000 | 17,000 |
| Change amounts (B - A) | 7,500 | 8,000 | 3,000 |
| Change (%) | 2.2 | 30.8 | 21.4 |
| (Ref.) Previous Fiscal Year Results (April 1, 2005 - March 31, 2006) | 346,642 | 30,014 | 13,700 |
| 2. Non-consolidated basis | (Unit: millions of yen) |
| Net sales | Ordinary income | Net income | |
| Previous Forecast (A) (as of February 8, 2007) | 285,000 | 18,000 | 10,000 |
| Revised Forecast (B) | 288,600 | 23,800 | 12,700 |
| Change amounts (B - A) | 3,600 | 5,800 | 2,700 |
| Change (%) | 1.3 | 32.2 | 27.0 |
| (Ref.) Previous Fiscal Year Results (April 1, 2005 - March 31, 2006) | 287,829 | 20,146 | 8,001 |
(2) Reasons for Revision of Financial Results Forecast
Both consolidated and non-consolidated financial forecasts for fiscal year ended March 31, 2007 will be more than that previously forecast in the third quarter financial announcement.
Due to the box-office successes of theatrical films such as "DEATH NOTE," sales from the movie business and DVD sales showed steady increase. Broadcasting sales between January through March were higher than expected. Our efforts at cost reduction, particularly by controlling programming cost, led profit to a positive revision.
2. Revision of Year-end Dividends
(1) Reason for Revision of Year-end Dividends
NTV understands that returning profit to shareholders is an important managerial issue and has implemented a policy of performance-based dividends with the target dividends ratio set to be 33 %. According to revision of the financial results forecast, NTV will revise year-end dividends.
As a result of the board directors' meeting today, the subject of raising year-end dividends for the fiscal year ended March 31, 2007 to 95 yen and the total dividend for the fiscal year to 170 yen will be discussed at the general shareholders' meeting planned for June 28, 2007
| (2) Revision | (Unit: yen) |
| Interim Period | Year End | Annual | |
| Previous Forecast (A) (as of November 16, 2006) | 75.00 | 75.00 | 150.00 |
| Revised Forecast | 75.00 | 95.00 | 170.00 |
| (Ref.) Previous Fiscal Year Results (April 1, 2005 - March 31, 2006) | 50.00 | 115.00 | 165.00 |
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.
