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For Press Information:
Sept. 14, 2001
JVC Announces Revision of Business Forecast
For the First Half of Fiscal 2001
Reflecting the current severe business conditions, JVC revised its earlier forecast on April 26, 2001 as in the table below.
- Revision of consolidated business forecast for the first half of fiscal 2001, ending March 31, 2002 (Apr. 1, 2001 through Sept. 30, 2001)
(million yen)
| |
Net Sales |
Ordinary Income
(Loss) |
Net Income
(Loss) |
|
Original Forecast (A)
(Announced on Apr. 26, 2001) |
470,000 |
(2,500) |
(5,000) |
|
Revised Forecast (B) |
460,000 |
(17,000) |
(19,500) |
|
(B-A) |
(10,000) |
(14,500) |
(14,500) |
|
Rate of Change (%) |
-2.1 |
- |
- |
|
First Half/ FY 2001 |
443,301 |
2,229 |
(5,679) |
- Revision of non-consolidated business forecast for the first half of fiscal 2001, ending March 31, 2002 (Apr. 1, 2001 through Sept. 30, 2001)
(million yen)
| |
Net Sales |
Ordinary Income
(Loss) |
Net Income
(Loss) |
|
Original Forecast (A)
(Announced on Apr. 26, 2001) |
284,000 |
(4,000) |
(4,500) |
|
Revised Forecast (B) |
255,000 |
(17,000) |
(18,500) |
|
(B-A) |
(29,000) |
(13,000) |
(14,000) |
|
Rate of Change (%) |
-10.2 |
- |
- |
|
First Half/ FY 2001 |
282,443 |
1,404 |
(4,945) |
- Reason for revision
-
Severe economic conditions in Japan and U.S.A., and a decreased demand in the IT sector, including cellular-phones and PCs negatively affected our business performances. Accordingly, our sales and profit targets for the first half of FY 2001 have been significantly revised downward against the original forecasts.
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