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Notice Concerning Revision of Financial Forecast and
Annual Cash Dividend Forecast for FY2011
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Toyota Industries Corporation today announced a revision of its financial forecast and annual cash dividend forecast for FY2011 (April 1,2010 through March 31,2011), from that announced on July 30, 2010, as follows:
- Revision of financial forecast
| 1) |
Revision of consolidated financial forecast for FY2011
(April 1, 2010 through March 31, 2011) |
| |
(Amount: million yen)
| |
Net sales |
Operating
income |
Ordinary
income |
Net
income |
Net income
per share
(yen) |
| Previous forecast (A) |
1,450,000 |
55,000 |
60,000 |
33,000 |
105.92 |
| Revised forecast (B) |
1,480,000 |
65,000 |
70,000 |
41,000 |
131.59 |
| Amount changed (B-A) |
30,000 |
10,000 |
10,000 |
8,000 |
— |
| % of change |
2.1% |
18.2% |
16.7% |
24.2% |
— |
(Reference)
Actual results for FY2010 |
1,377,769 |
22,002 |
31,756 |
(26,273) |
(84.33) |
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| 2) |
Revision of non-consolidated financial forecast for FY2011
(April 1, 2010 through March 31, 2011) |
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(Amount: million yen)
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Net sales |
Operating
income |
Ordinary
income |
Net
income |
Net income
per share
(yen) |
| Previous forecast (A) |
940,000 |
28,000 |
36,000 |
24,000 |
77.03 |
| Revised forecast (B) |
975,000 |
36,000 |
43,000 |
30,000 |
96.29 |
| Amount changed (B-A) |
35,000 |
8,000 |
7,000 |
6,000 |
— |
| % of change |
3.7% |
28.6% |
19.4% |
25.0% |
— |
(Reference)
Actual results for FY2010 |
892,893 |
18,394 |
26,308 |
17,362 |
55.73 |
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- Reasons for revision of financial forecast
The financial forecast for FY2011 has been revised, due mainly to the results of first half of FY2011, an expected increase in sales of mainstay segments and further cost reduction activities. Our projections are based on assumed exchange rates of ¥80 = US$1 and ¥110 = €1 for the remainder of the fiscal year.
- Revision of annual cash dividend forecast
| |
The amount of cash dividends per share |
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First
Quarter |
Second
Quarter |
Third
Quarter |
Year-end |
Annual |
Previous forecast
(July 30, 2010) |
Yen
— |
Yen
15.00 |
Yen
— |
Yen
15.00 |
Yen
30.00 |
| Revised forecast |
— |
— |
— |
25.00 |
50.00 |
Actual payment
(FY2011 ending March, 2011) |
— |
25.00 |
— |
— |
— |
Actual payment
(FY2010 ending March, 2010) |
— |
10.00 |
— |
20.00 |
30.00 |
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- Reasons for revision of annual cash dividend forecast
Toyota Industries strives to pay stable dividends and to meet the expectations of shareholders while giving full consideration to business performance, funding requirement and focusing on dividend payout ratio. Toyota Industries plans to pay year-end cash dividends of 25.0 yen per common share.
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