2010
4.30
Revision of Financial Forecast and Year-end Dividends for the Fiscal Year Ended March 31, 2010
(Tokyo Stock Exchange 9404)
Nippon Television Network Corporation (NTV) announced today its revision of consolidated and non-consolidated financial forecasts and year-end dividends for fiscal year ended March 31, 2010 from those previously announced on February 4, 2010.
Revision of Financial Results Forecast (April 1, 2009 - March 31, 2010)
(1) Consolidated basis
|
| Net sales | Operating profit | Recurring profit | Net income | Net income per share |
| Previous Forecast (A) | Millions of yen | Millions of yen | Millions of yen | Millions of yen | yen |
| Revised Forecast (B) | 296,900 | 23,500 | 27,100 | 16,500 | 672.53 |
| Change amounts (B – A) | 3,900 | 5,100 | 5,400 | 3,500 |
|
| Change (%) | 1.3 | 27.7 | 24.9 | 26.9 |
|
| (Ref.) Previous Fiscal Year Results | 324,563 | 12,214 | 16,225 | 5,622 | 227.70 |
(2)Non-consolidated basis
|
| Net sales | Operating profit | Recurring profit | Net income | Net income per share |
| Previous Forecast (A) | Millions of yen | Millions of yen | Millions of yen | Millions of yen | yen |
| Revised Forecast (B) | 261,000 | 22,200 | 25,100 | 14,400 | 580.42 |
| Change amounts (B – A) | 5,000 | 4,800 | 4,900 | 3,200 |
|
| Change (%) | 2.0 | 27.6 | 24.3 | 28.6 |
|
| (Ref.) Previous Fiscal Year Results | 277,759 | 8,389 | 11,749 | 3,245 | 130.05 |
Reasons for Revision of Financial Results Forecast
Adverse conditions continue to affect the already lackluster television advertising market. However, from the latter half of this fiscal year, the spot sales market is seeing signs of a recovery.
Net sales, along with the recovering spot sales market and upward swing in our viewer ratings, are expected to exceed the previous forecast announced on February 4, 2010.
Efforts at reducing costs, mainly in program production, are ongoing and will result in expenditures being lower than expected.
As a result, operating profit, recurring profit and net income are expected to exceed our previous forecasts.
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.
Revision of Year-end Dividends
|
| Dividends per share | ||||
|
| 1st Qtr | 2nd Qtr | 3rd Qtr | End of year | Annual |
| Previous Forecast (A) | Yen | Yen | Yen | Yen | Yen |
| Revised Forecast (B) | - | - | - | 200.00 | 290.00 |
| Fiscal Year Results | - | 90.00 | - |
|
|
| (Ref.) Previous Fiscal Year Results | - | 90.00 | - | 90.00 | 180.00 |
Reasons for Revision of Financial Results Forecast
Due to the revision of our financial forecast for the fiscal year, we revised our annual dividend forecast from that previously announced on February 4, 2010.
