2004
5.17
Revision of Consolidated Financial Results Forecast for Fiscal Year Ended March 31,2004
Nippon Television Network Corporation
(Tokyo Stock Exchange 9404)
Nippon Television Network Corporation announces today its revision of Consolidated financial results forecast for the fiscal year ended March 31, 2004, from those previously reported on February 16, 2004.
1. Revision of Consolidated Financial Results Forecast (April 1, 2003 - March 31, 2004)
| Net sales | Recurring profit | Net income | |
| Previous Forecast (A) (as of February 16, 2004) | 324,500 | 29,500 | 14,000 |
| Revised Forecast (B) | 328,300 | 36,800 | 19,300 |
| Difference (B - A) | 3,800 | 7,300 | 5,300 |
| Percent Change | 1.2% | 24.7% | 37.9% |
| (Ref.) Previous Fiscal Year Results | 336,299 | 46,332 | 20,295 |
(Ref.) Forecast of net income per share: 771.74 yen
2. Reason for the revision
In the 4th quarter of fiscal year 2003, we had stronger than expected spot and time sales. Our efforts at cost reduction, particularly by controlling programming cost, led to the positive revision. Favorable performance by Culture-related business subsidiaries contributed to the revision as well. The Non-consolidated financial results forecast for the fiscal year ended March 31, 2004, was announced on May 7, 2004.
Note:
These forward-looking statements are based on managements' assumptions and beliefs in light of the information currently available.
