January 29, 2009
To All Stakeholders:
Company: USS Co., Ltd.
President: Yukihiro Ando
Stock code: 4732
Stock exchange listings: Tokyo and Nagoya (first sections)
Tel: +81-52-689-1129
Contact: Masafumi Yamanaka
Junior Managing Director & Officer of Supervisory Office
President: Yukihiro Ando
Stock code: 4732
Stock exchange listings: Tokyo and Nagoya (first sections)
Tel: +81-52-689-1129
Contact: Masafumi Yamanaka
Junior Managing Director & Officer of Supervisory Office
Revisions to Consolidated Forecast for March 2009 Fiscal Year
USS Co., Ltd. has made the following revisions to the forecast for consolidated results of operations for the fiscal year ending on March 31, 2009 (April 1, 2008 – March 31, 2009) due to recent trends in business operations. The revised forecast replaces the fiscal year forecast that was announced on October 28, 2008 in the first half earnings release.
1. Revised consolidated forecast for fiscal year ending March 31, 2009
(April 1, 2008 – March 31, 2009)
(April 1, 2008 – March 31, 2009)
(millions of yen)
| Net sales | Operating income |
Ordinary income |
Net income | Net income per share (yen) |
|
| Previous forecast (A) | 74,500 | 28,300 | 28,500 | 15,750 | 499.22 |
| Revised forecast (B) | 65,500 | 21,500 | 21,300 | 11,450 | 374.30 |
| Difference (B-A) | Δ9,000 | Δ6,800 | Δ7,200 | Δ4,300 | − |
| Pct. change (%) | Δ12.1 | Δ24.0 | Δ25.3 | Δ27.3 | − |
| (Ref.) Previous fiscal year |
69,801 | 27,200 | 27,490 | 15,200 | 475.14 |
2. Reasons for revisions to consolidated forecast
Due to the economic recession caused by financial instability, USS expects a rapid decline in automobile demand in Japan in the fiscal year’s second half along with a downturn in exports of used cars from Japan because of volatility in foreign exchange rates. Since these events are having a negative impact on the company’s core automobile auction business, the forecasts for sales, operating income, ordinary income and net income have been lowered.
USS is making no change to the dividend forecast that was announced on October 28, 2008 (interim dividend of 82.50 yen per share and fiscal year dividend of 165 yen per share).
Note: The above forecast is based on information that was available on the announcement date of this release. Actual performance may differ from the forecast for a number of reasons.
Due to the economic recession caused by financial instability, USS expects a rapid decline in automobile demand in Japan in the fiscal year’s second half along with a downturn in exports of used cars from Japan because of volatility in foreign exchange rates. Since these events are having a negative impact on the company’s core automobile auction business, the forecasts for sales, operating income, ordinary income and net income have been lowered.
USS is making no change to the dividend forecast that was announced on October 28, 2008 (interim dividend of 82.50 yen per share and fiscal year dividend of 165 yen per share).
Note: The above forecast is based on information that was available on the announcement date of this release. Actual performance may differ from the forecast for a number of reasons.
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