Toyota Industries Corporation today announced a revision of its financial forecast and annual cash dividend forecast for FY2012 (April 1, 2011 through March 31, 2012), from that announced on April 28, 2011, as follows:
●Revision of financial forecast
| |
Revision of consolidated financial forecast for the first half of FY2012
(April 1, 2011 through September 30, 2011) |
| |
(Amount: million yen)
| |
Net sales |
Operating
income |
Ordinary
income |
Net
income |
Net income
per share
(yen) |
| Previous forecast (A) |
— |
— |
— |
— |
— |
| Revised forecast (B) |
710,000 |
20,000 |
26,000 |
15,000 |
48.14 |
| Amount changed (B-A) |
— |
— |
— |
— |
|
| % of change |
— |
— |
— |
— |
|
(Reference)
Actual results for the first half
of FY2011 |
729,807 |
36,205 |
38,393 |
23,683 |
76.02 |
|
|
| |
| |
Revision of consolidated financial forecast for FY2012
(April 1, 2011 through March 31, 2012) |
| |
(Amount: million yen)
| |
Net sales |
Operating
income |
Ordinary
income |
Net
income |
Net income
per share
(yen) |
| Previous forecast (A) |
— |
— |
— |
— |
— |
| Revised forecast (B) |
1,570,000 |
70,000 |
80,000 |
46,000 |
147.64 |
| Amount changed (B-A) |
— |
— |
— |
— |
|
| % of change |
— |
— |
— |
— |
|
(Reference)
Actual results for FY2011 |
1,479,839 |
68,798 |
73,911 |
47,205 |
151.51 |
|
|
Reasons for revision of financial forecast
The financial forecast for FY2012 was not disclosed, as it was difficult to predict due to the Great East Japan Earthquake. However, based on the recent economic circumstances, the financial forecast for FY2012 has been revised above. Our forecast is based on assumed exchange rates of US$1 = ¥80 and € 1 = ¥112 for the remainder of the fiscal year.
●Revision of cash dividend forecast
| |
The amount of cash dividends per share |
| |
First
Quarter |
Second
Quarter |
Third
Quarter |
Year-end |
Annual |
Previous forecast
(April 28, 2011) |
Yen
— |
Yen
— |
Yen
— |
Yen
— |
Yen
— |
| Revised forecast |
— |
25.00 |
— |
25.00 |
50.00 |
Actual payment
(FY2012 ending March, 2012) |
— |
— |
— |
|
|
Actual payment
(FY2011 ending March, 2011) |
— |
25.00 |
— |
25.00 |
50.00 |
|
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.
Based on this dividend policy, the cash dividend forecast for FY2012 has been revised above.
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