SHIKOKU COCA·COLA BOTTLING CO., LTD. announces that in light of recent business results, it has revised its consolidated and non-consolidated financial projections for the first half of fiscal 2005 (April 1, 2005 to March 31, 2006), previously announced on May 10, 2005 during the announcement of results for fiscal 2004, which ended on March 31, 2005.

 

1. Revision of the forecast consolidated results for the first half of FY 2005

(April 1, 2005 - September 30, 2005)

(Unit: Million yen)

	Sales	Operating Income	Ordinary Income	Net Income for the Term
Original forecast (A)	32,500	2,450	2,500	1,250
Revised forecast (B)	31,800	1,760	1,820	810
Increase/decrease (B-A)	−700	−690	−680	−440
Percentage increase/decrease (%)	−2.2	−28.2	−27.2	−35.2
(Ref.) Actual results for the previous term (FY 2004)	33,919	2,728	2,809	1,753

 

 

2. Revision of forecast non-consolidated results for the first half of FY 2005

(April 1, 2005 - September 30, 2005)

(Unit: Million yen)

	Sales	Operating Income	Ordinary Income	Net Income for the Term
Original forecast (A)	28,000	1,850	2,200	1,150
Revised forecast (B)	27,160	1,070	1,450	730
Increase/decrease (B-A)	−840	−780	−750	−420
Percentage increase/decrease (%)	−3.0	−42.2	−34.1	−36.5
(Ref.) Actual results for the previous term (FY 2004)	29,294	2,112	2,386	1,591

 

3. Reasons for the revision

(1) Consolidated results

The forecast has been revised primarily because of the revision of the non-consolidated results.

(2) Non-consolidated results

We have revised down the forecast for Sales, Ordinary Income and Income for the term because sales are expected to be lower than anticipated, a reflection of a competitive market, which has produced lower sales turnover and extensive sales price cuts. In addition, an increase in sales promotion costs and costs related to vending machines is expected.

 

The forecast for consolidated and non-consolidated results for fiscal 2005 (April 1, 2005-March 31, 2006) will be announced on November 8, 2005, during the announcement of the results for the first half of fiscal 2005.