What was corrected and how
A subsequent correction by the company to the contents of an already published filing.
Revised figures for the full-year earnings forecast
Net Sales 2,680 / Operating profit 608 / Ordinary income 612 / Net income for the current fiscal year 395 / Earnings per share 194.20
Net Sales 2,666 / Operating profit 979 / Ordinary income 982 / Net income for the current fiscal year 643 / Earnings per share 316.50
The forecast was revised to reflect the impact of curbing advertising on sales. Operating profit was revised significantly. The upward revision to net income was expanded.
The company determined that the effect of the trial advertising campaign conducted during the current fiscal year was limited and decided to curb advertising and promotion expenses from the third-quarter accounting period onward, relative to the original plan. In addition, the company came to expect that it would qualify for a tax incentive program.
| Item | Details |
|---|---|
| Location of correction | Revised figures for the full-year earnings forecast |
| Details of correction | Net Sales 2,680 / Operating profit 608 / Ordinary income 612 / Net income for the current fiscal year 395 / Earnings per share 194.20 → Net Sales 2,666 / Operating profit 979 / Ordinary income 982 / Net income for the current fiscal year 643 / Earnings per share 316.50（Net Sales △0.5% / Operating profit +60.8% / Ordinary income +60.4% / Net income for the current fiscal year +62.7% / Earnings per share Not disclosed） |
| Reason for correction | The company determined that the effect of the trial advertising campaign conducted during the current fiscal year was limited and decided to curb advertising and promotion expenses from the third-quarter accounting period onward, relative to the original plan. In addition, the company came to expect that it would qualify for a tax incentive program. |
| Impact on Business Performance | The forecast was revised to reflect the impact of curbing advertising on sales. Operating profit was revised significantly. The upward revision to net income was expanded. |
Items this document does not state (2)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company revised its profit forecasts because it determined that the effect of the trial advertising campaign was limited and decided to curb advertising and promotion expenses from the third quarter onward. In addition, the upward revision to net income was expanded because the company is expected to qualify for a tax incentive program. The forecast for sales also reflects the impact of curbing advertising.