Sanix Revises Full-Year Financial Results and Dividend Forecasts.Fukuoka, Japan, Apr 21, 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 Incorporated (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 4651) has revised consolidated and non-consolidated financial results forecasts for the year ended March 31, 2006 as well as year-end dividend Year-end dividend A special dividend declared at the end of a fiscal year that usually represents distribution of higher-than-expected company profits. year-end dividend See final dividend. per share forecast, previously announced on November 16, 2005. 1. Details of revision to financial results 1) Revision to full-year consolidated results forecast
(April 1, 2005 to March 31, 2006) (Millions of yen)
Net Sales Recurring Profit Net Income
Previous Forecast 41,098 (640) (1,452)
(as of November 16, 2005)
Revised Forecast 36,500 (3,480) (4,260)
Difference (4,598) (2,840) (2,808)
% Change (11.2) - -
Results from year before 44,083 73 (10,010)
2) Revision to full-year non-consolidated results forecast
(April 1, 2005 to March 31, 2006) (Millions of yen)
Net Sales Recurring Profit Net Income
Previous Forecast 39,360 (760) (1,530)
(as of November 16, 2005)
Revised Forecast 35,040 (3,590) (4,320)
Difference (4,320) (2,830) (2,790)
% Change (11.0) - -
Results from year before 42,008 (70) (10,099)
3) Reasons for the downward revision: During the financial year ended March 31, 2006, fraudulent The description of a willful act commenced with the Specific Intent to deceive or cheat, in order to cause some financial detriment to another and to engender personal financial gain. acts by dishonest housing improvement operators became a serious social issue, having a negative effect on the entire environmental sanitation sanitation: see plumbing; sanitary science. industry, and discouraging dis·cour·age tr.v. dis·cour·aged, dis·cour·ag·ing, dis·cour·ag·es 1. To deprive of confidence, hope, or spirit. 2. To hamper by discouraging; deter. 3. consumers' trust of door-to-door sales. Under the circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or , the HS division made an effort to improve business performance by emphasizing compliance with applicable laws and regulations to ensure the protection of consumers. However, following the third quarter, HS divisional sales during the fourth quarter are expected to be significantly less than the previous forecast, which was announced in the Company's interim financial report. In the ERD division, after Tomakomai power plant had a fire in August, the power plant began operating again in December. Though stable operations at the plant are ensured, the Company is expecting a decline in revenues from electric power sales compared to the previous forecast as calorific value calorific value n. The calories or thermal units contained in one unit of a substance and released when the substance is burned. of plastic fuel was lower than expected. As a result, Sanix is obliged o·blige v. o·bliged, o·blig·ing, o·blig·es v.tr. 1. To constrain by physical, legal, social, or moral means. 2. to revise our previous forecast of its consolidated sales for the full year ended March 31, 2006. Regarding profit/loss, the Company is expecting more 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. loss than the prior forecast due to a decline in revenues in the HS division where the marginal profit ratio is high. Consequently, the Company expects more net loss than the previous forecast. As a result, Sanix is obliged to modify the previous forecast of consolidated recurring profit/loss and consolidated net profit/loss for the full year ended March 31, 2006. For the same reason above, the Company has also modified its forecast of non-consolidated sales, recurring profit/loss and net profit/loss for the full year ended March 31, 2006. 2. Details of revision to year-end dividend per share forecast 1) Reasons for the revision: The Company places returning profits to shareholders as the most important issue in our management policy. However, considering expected net loss in our non-consolidated operating results, we are sorry to inform shareholders that we now plan non payment of year-end dividends, for which we will make a full effort to enable an early resumption RESUMPTION. To reassume; to promise again; as, the resumption of payment of specie by the banks is general. It also signifies to take things back; as the government has resumed the possession of all the lands which have not been paid for according to the requisitions of the law, and the of dividends, and we sincerely hope to have the understanding of shareholders and interested parties of the Company. 2) Revision to year-end dividend per share forecast
(April 1, 2005 to March 31, 2006)
Interim Interim Full Year
Forecast as of November 16, 2005 0.00 yen 10.00 yen 10.00 yen
Revised Forecast 0.00 yen 0.00 yen 0.00 yen
Previous Year 0.00 yen 10.00 yen 10.00 yen
Note: These forecasts are based on information available as of April 21, 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 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 mailto:k-inoue@sanix.co.jp Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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