July 25, 2005  



Notice of Revised Business Forecast
[ I ]
We have revised our business forecast for the fiscal year ending December 2005(January 1 through December 31, 2005) as mentioned below. The previous forecast was announced on April 28, 2005 together with the financial result for the fiscal year 2004.
[ 1 ] The previous forecast is being revised as follows. (unconsolidated basis)
 
1. Results for the first half of fiscal year 2005 (January 1 through June 30, 2005)
  Unit Sales Ordinary Income Net Income
Previous forecast (A) million yen 8,400 500 200
Revised forecast (B) million yen 8,500 740 430
Difference (B)-(A) million yen 100 240 230
Increase/Decrease(-) % 1.2 48.0 115.0
Result for the first half of FY 2004 million yen 8,375 769 553

2. Forecasts for the fiscal year 2005 (January 1 through December 31, 2005)
  Unit Sales Ordinary Income Net Income
Previous forecast (A) million yen 17,300 900 400
Revised forecast (B) million yen 17,400 1,200 600
Difference (B)-(A) million yen 100 300 200
Increase/Decrease(-) % 0.6 33.3 50.0
Result for the FY 2004 million yen 16,809 1,406 873

 
[ 2 ] The previous forecast is being revised as follows. (consolidated basis)
 
1. Results for the first half of fiscal year 2005 (January 1 through June 30, 2005)
  Unit Sales Ordinary Income Net Income
Previous forecast (A) million yen 11,700 900 300
Revised forecast (B) million yen 12,000 1,300 600
Difference (B)-(A) million yen 300 400 300
Increase/Decrease(-) % 2.6 44.4 100.0
Result for the first half of FY 2004 million yen 11,785 1,173 686

2. Forecasts for the fiscal year 2005 (January 1 through December 31, 2005)
  Unit Sales Ordinary Income Net Income
Previous forecast (A) million yen 23,700 1,700 600
Revised forecast (B) million yen 24,200 2,100 900
Difference (B)-(A) million yen 500 400 300
Increase/Decrease(-) % 2.1 23.5 50.0
Result for the FY 2004 million yen 23,807 2,180 1,009

[ 3 ] Notes for revising forecast
 
1. revision for individual financial forecast:

In the viewpoint of the announcement in April 2005, our forecast for the current year was big decrease in profit compared to that of the previous year due to cost increase with raw materials of artificial graphite electrodes and the Japanese yen appreciation in foreign currency exchange. But thanks to sales price hike in parallel with the cost increase with raw materials, and robust demand in carbon fiber products representing main application for high temperature furnaces, etc. we are projecting that our turn-over, ordinary profit and net profit are likely to increase those figures of the past announcement.

2. revision for consolidated financial forecast:

In addition to the individual financial forecast, by proceeding price hike in carbon specialties products, we are also projecting that our turn-over, ordinary profit and net profit are likely to increase those figures of the past announcement.



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