2009
11.5
Revision of Financial Forecast for the Fiscal Year Ended March 31, 2010
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, 2010 from those previously announced on May 14, 2009.
1. For the 2nd quarter ended September 30, 2009 (April 1, 2009-September 30, 2009)
| (1) Consolidated basis | (Unit: millions of yen) |
| Net sales | Operating income | Recurring profit | Net income | |
| Previous Forecast (A) (as of May 14, 2009) | 143,700 | 1,700 | 3,800 | 1,900 |
| Revised Forecast (B) | 144,300 | 8,200 | 10,300 | 6,400 |
| Change amounts (B - A) | 600 | 6,500 | 6,500 | 4,500 |
| Change (%) | 0.4 | 382.4 | 171.1 | 236.8 |
| 2nd quarter FY08 results (For 6 months ended September 30, 2008) | 164,986 | 1,286 | 3,292 | -1,220 |
(Reference) Forecast of net income per share:260.43 yen
| (2). Non-consolidated basis | (Unit: millions of yen) |
| Net sales | Operating income | Recurring profit | Net income | |
| Previous Forecast (A) (as of May 14, 2009) | 122,600 | 500 | 2,500 | 1,300 |
| Revised Forecast (B) | 129,300 | 8,700 | 10,600 | 5,500 |
| Change amounts (B - A) | 6,700 | 8,200 | 8,100 | 4,200 |
| Change (%) | 5.5 | 1,640.0 | 324.0 | 323.1 |
| 2nd quarter FY08 results (For 6 months ended September 30, 2008) | 139,970 | -597 | 1,362 | -1,905 |
(Reference) Forecast of net income per share: 221.36yen
2. For the fiscal year ending March 31, 2010 (April 1, 2009-March 31, 2010)
| (1) Consolidated basis | (Unit: millions of yen) |
| Net sales | Operating income | Recurring profit | Net income | |
| Previous Forecast (A) (as of May 14, 2009) | 291,900 | 10,500 | 14,200 | 7,800 |
| Revised Forecast (B) | 291,900 | 15,000 | 18,500 | 11,300 |
| Change amounts (B - A) | - | 4,500 | 4,300 | 3,500 |
| Change (%) | - | 42.9 | 30.3 | 44.9 |
| Previous fiscal year results (For the year ended March 31, 2009) | 324,563 | 12,214 | 16,225 | 5,622 |
(Reference) Forecast of net income per share: 461.45 yen
| (2). Non-consolidated basis | (Unit: millions of yen) |
| Net sales | Operating income | Recurring profit | Net income | |
| Previous Forecast (A) (as of May 14, 2009) | 249,400 | 7,700 | 10,700 | 5,900 |
| Revised Forecast (B) | 254,000 | 15,500 | 18,300 | 9,900 |
| Change amounts (B - A) | 4,600 | 7,800 | 7,600 | 4,000 |
| Change (%) | 1.8 | 101.3 | 71.0 | 67.8 |
| Previous fiscal year results (For the year ended March 31, 2009) | 277,759 | 8,389 | 11,749 | 3,245 |
(Reference) Forecast of net income per share: 399.74 yen
3. Reasons for Revision
The television broadcasting business, which is the principal business of our Group, continues to face difficult circumstances in terms of revenue as the advertising market is expected to stay stagnant. To face the downturn in the business environment, NTV is making ongoing efforts to reduce spending across all expense categories, and we are beginning to see results. As these cost-cutting controls continue after the 3rd Quarter FY2009, revisions will be made to the consolidated and non-consolidated forecasts announced on May 14, 2009. Furthermore, there is no change to the dividend forecast announced on May 14, 2009.
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.
