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4 October 1996
Hitachi, Ltd. hereby revises its business forecast for fiscal 1996 as follows. * The initial forecast was released in May 1996.
Unconsolidated forecast Yen(millions)
Fiscal 1996 Fiscal 1995 results
(B)Revised forecast
(A)(A)/(B)
x100Initial
forecast(*)Net sales 4,150,000 101% 4,200,000 4,126,419 Ordinary income 70,000 54% 110,000 128,806 Net income 55,000 77% 75,000 71,786
- Factors relating to the revision of the forecast -
Although sales of large computers and telecommunications equipment were good and consumer products showed improvement, DRAM prices fell more than expected, and as a result Hitachi estimates that net sales will amount to 4,150,000 million yen (an increase of 1% compared to the preceding fiscal year), 50,000 million yen less than the initial forecast, ordinary income will come to 70,000 million yen (a decrease of 46% compared to the preceding fiscal year), 40,000 million yen less than the initial forecast, and net income will amount to 55,000 million yen (a decrease of 23% compared to the preceding fiscal year), 20,000 million yen less than the initial forecast.
* The initial forecast was released in May 1996.
Consolidated forecast (for reference) Yen(millions)
Fiscal 1996 Fiscal 1995 results
(B)Revised forecast
(A)(A)/(B)
x100Initial
forecast(*)Net sales 8,130,000 100% 8,240,000 8,123,810 Income before
income taxes225,000 65% 310,000 348,627 Net income 80,000 56% 135,000 141,770