Sanix Announces Revision to First-Half, Full-Year Earnings Forecast.Tokyo, Japan, Nov 9, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Sanix Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 4651) has announced that its results for the interim period ending September 30, 2006, and the full year ending March 31, 2007, are likely to be below the Company's previous forecast on August 9, 2006. 1.Revision to Interim Forecast (April 1, 2006 - September 30, 2006)
Consolidated Results
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Sales Recurring profit Net income
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Previous forecast
(announced August 9, 2006) 16,426 (472) (428)
Revised forecast 15,532 (1,519) (1,579)
Difference (894) (1,047) (1,151)
Rate of change (%) (5.4%) -- --
Results from previous
period 20,548 (840) (1,292)
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Non-consolidated Results
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Sales Recurring profit Net income
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Previous forecast
(announced August 9, 2006) 15,550 (490) (430)
Revised forecast 14,706 (1,526) (1,537)
Difference (844) (1,036) (1,107)
Rate of change (%) (5.4%) -- --
Results from previous
period 19,774 (908) (1,330)
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2. Revision to Full-year Forecast (April 1, 2006 - March 31, 2007)
Consolidated Results
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Sales Recurring profit Net income
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Previous forecast
(announced August 9, 2006) 32,921 1,899 1,863
Revised forecast 30,877 (799) (929)
Difference (2,044) (2,698) (2,792)
Rate of change (%) (6.2%) -- --
Results from previous year 36,509 (3,479) (4,252)
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Non-consolidated Results
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Sales Recurring profit Net income
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Previous forecast
(announced August 9, 2006) 30,960 1,800 1,800
Revised forecast 28,920 (830) (900)
Difference (2,040) (2,630) (2,700)
Rate of change (%) (6.6%) -- --
Results from previous year 35,031 (3,580) (4,354)
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3. Reasons for the Downward Revision On July 7, 2006, the Ministry of Economy, Trade and Industry The Ministry of Economy, Trade and Industry (経済産業省 issued to SANIX, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the provisions in Article 8, Paragraph 1 of Specific Commercial Transactions Law (hereinafter here·in·af·ter adv. In a following part of this document, statement, or book. hereinafter Adverb Formal or law from this point on in this document, matter, or case Adv. 1. the "Law"), an order to suspend six sales offices of the HS Division from conducting certain home-call sales activities as defined in Article 2, Paragraph 1 of the Law, from July 8, 2006 to October 7, 2006; and directions in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with Article 7 of the Law. Since then, we have sought to prevent recurrence recurrence /re·cur·rence/ (-ker´ens) the return of symptoms after a remission.recur´rent re·cur·rence n. 1. and improve compliance, while working to restore our operating results. Affected by the administrative measures more strongly than anticipated, the Division's sales for the first half of the current year are expected to be lower than the earlier projection. Regarding sales for the second half of the current year and thereafter, the extent of recovery of the Division's business results has been reviewed from a more conservative stance, using as a basis of estimation the sales amount in October 2006, when business was resumed by shops whose operation had been suspended sus·pend v. sus·pend·ed, sus·pend·ing, sus·pends v.tr. 1. To bar for a period from a privilege, office, or position, usually as a punishment: suspend a student from school. until then. Consequently, the consolidated sales forecasts Sales forecast A key input to a firm's financial planning process. External sales forecasts are based on historical experience, statistical analysis, and consideration of various macroeconomic factors. for the first half-year and the full-year announced last time have been modified. As mentioned in "Announcement on 'Business Streamlining Plan' and Revision of Operational Results Forecast", which was released on August 9, 2006, profits will be secured by reducing fixed expenses through such steps as shop elimination and consolidation, wage cuts, personnel downsizing (1) Converting mainframe and mini-based systems to client/server LANs. (2) To reduce equipment and associated costs by switching to a less-expensive system. (jargon) downsizing and drastic cost reduction. However, due to decreased earnings in the HS Division, operating profits Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. for the first half of the current year and current net profit are expected to dip from previously forecast figures. Operating profits and net profit for the second half of the current year are also expected to dip from previously projected figures, as a result of the sales forecast revision. Operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. for the second half of the current year has been reviewed from a more conservative stance, using as a basis of expenses amount in September and October 2006. Based on these facts and assumptions, the consolidated recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. profit and net income forecasts for the first half-year and the full-year announced last time have been modified. Semi-annual and annual forecasts of non-consolidated operating results have also been modified accordingly, for the same reasons. (Note) These forecasts are based on information available as of November 9, 2006. Actual results may be different from forecasts due to various unexpected factors in the future. About Sanix Incorporated Sanix (TSE: 4651) is Japan's leading provider of sanitation sanitation: see plumbing; sanitary science. and environmental services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric, . The company's business is divided into three areas; Home Sanitation, and Establishment Sanitation, which provides pest control pest control n → control m de plagas pest control n → lutte f contre les nuisibles pest control pest n and sanitation maintenance and protection services for offices and public facilities. The Environmental Resources Development Division provides industrial waste management solutions and recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. services. This division positions Sanix as a leading provider of environmental services to society, which is becoming increasingly concerned about the health of the environment. Sanix's long experience in industrial waste management means the company is poised to take the lead in this new field. Source: Sanix Incorporated Contact: Kozo Inoue, Managing Director SANIX INCORPORATED E-mail: k-inoue@sanix.co.jp URL: http://www.sanix.co.jp/index_e.htm Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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