2008
10.30
Revision of Financial Forecast for the Fiscal Year Ended March 31, 2009
In light of recent business developments, Nippon Television Network Corporation (NTV) announced today its revision of consolidated and non-consolidated financial forecasts for fiscal year ending March 31, 2009 from those previously announced on July 31, 2008.
1. For the interim period ended September 30, 2008 (April 1, 2008-September 30, 2008)
1. For the interim period ended September 30, 2008 (April 1, 2008-September 30, 2008)
| (1) Consolidated basis | (Unit: millions of yen) |
| Net sales | Operating income | Recurring profit | Net income | |
| Previous Forecast (A) (as of July 31, 2008) | 166,500 | 2,900 | 4,800 | 1,700 |
| Revised Forecast (B) | 165,000 | 1,300 | 3,300 | -1,200 |
| Change amounts (B - A) | -1,500 | -1,600 | -1,500 | -2,900 |
| Change (%) | -0.9 | -55.2 | -31.3 | - |
| Previous interim period results (For 6 months ended September 30, 2007) | 165,505 | 10,458 | 12,665 | 4,333 |
(Reference) Forecast of net income per share:-48.60 yen
| (2). Non-consolidated basis | (Unit: millions of yen) |
| Net sales | Operating income | Recurring profit | Net income | |
| Previous Forecast (A) (as of July 31, 2008) | 140,100 | 400 | 2,200 | 700 |
| Revised Forecast (B) | 140,000 | -600 | 1,400 | -1,900 |
| Change amounts (B - A) | -100 | -1,000 | -800 | -2,600 |
| Change (%) | -0.1 | - | -36.4 | - |
| Previous interim period results (For 6 months ended September 30, 2007) | 140,466 | 6,537 | 8,074 | 2,050 |
(Reference) Forecast of net income per share: -76.14 yen
2. For the fiscal year ending March 31, 2009 (April 1, 2008-March 31, 2009)
2. For the fiscal year ending March 31, 2009 (April 1, 2008-March 31, 2009)
| (1) Consolidated basis | (Unit: millions of yen) |
| Net sales | Operating income | Recurring profit | Net income | |
| Previous Forecast (A) (as of July 31, 2008) | 338,400 | 13,400 | 16,600 | 8,500 |
| Revised Forecast (B) | 330,000 | 9,000 | 12,500 | 3,800 |
| Change amounts (B - A) | -8,400 | -4,400 | -4,100 | -4,700 |
| Change (%) | -2.5 | -32.8 | -24.7 | -55.3 |
| Previous fiscal year results (For the year ended March 31, 2008) | 342,188 | 23,076 | 26,705 | 10,625 |
(Reference) Forecast of net income per share: 153.90 yen
| (2). Non-consolidated basis | (Unit: millions of yen) |
| Net sales | Operating income | Recurring profit | Net income | |
| Previous Forecast (A) (as of July 31, 2008) | 286,900 | 7,700 | 10,500 | 5,500 |
| Revised Forecast (B) | 280,000 | 4,100 | 7,200 | 1,300 |
| Change amounts (B - A) | -6,900 | -3,600 | -3,300 | -4,200 |
| Change (%) | -2.4 | -46.8 | -31.4 | -76.4 |
| Previous fiscal year results (For the year ended March 31, 2008) | 291,223 | 16,172 | 18,516 | 6,437 |
(Reference) Forecast of net income per share: 52.09 yen
3. Reasons for Revision
Both consolidated and non-consolidated financial forecasts for the interim period and the fiscal period are predicted to be less than previously forecast on July 31, 2008 due to a weaker-than-expected lackluster television advertising market amidst dismal business sentiments. As for the non-consolidated basis, as a result of the review, a portion of the reversal of deferred tax assets has been reported.
For the fiscal period, despite further efforts to cut costs, covering the decrease in income from sales in television broadcasting will be unlikely due to the sluggish television advertising market.
Our annual dividends forecast will remain unchanged as of July 31, 2008.
Note: The above statements are based on the management's assumptions and beliefs in accordance with the information currently available. The actual results may differ from the above statements due to various elements of risks and uncertainties.
3. Reasons for Revision
Both consolidated and non-consolidated financial forecasts for the interim period and the fiscal period are predicted to be less than previously forecast on July 31, 2008 due to a weaker-than-expected lackluster television advertising market amidst dismal business sentiments. As for the non-consolidated basis, as a result of the review, a portion of the reversal of deferred tax assets has been reported.
For the fiscal period, despite further efforts to cut costs, covering the decrease in income from sales in television broadcasting will be unlikely due to the sluggish television advertising market.
Our annual dividends forecast will remain unchanged as of July 31, 2008.
Note: The above statements are based on the management's assumptions and beliefs in accordance with the information currently available. The actual results may differ from the above statements due to various elements of risks and uncertainties.
