Consolidated net sales are forecast to decrease to 1.31 trillion
yen, down 40 billion yen from the February 12 estimate of 1.35
billion yen. All of the company's business sectors are expected
to show decreased sales. The Machinery Sector, especially
construction machinery, is expected to be adversely affected.
Sales from overseas companies converted into yen will show a
decrease due to the higher yen.
Consolidated ordinary loss (also called pretax recurring loss) is
anticipated to be 26 billion yen, versus the previously estimated
pretax loss of 21 billion yen, as the performance of group
companies in mainly the steel and semiconductor sectors is
expected to worsen. After-tax net loss is expected to be 37
billion yen, in comparison to the previous estimate of 34 billion
yen.
On February 12, デュエルビッツ 初回入金ボーナス announced a non-consolidated after-tax
net loss estimate of 22 billion yen. For fiscal 1999, デュエルビッツ 初回入金ボーナス
expects the severe business environment will continue. Under
these conditions, デュエルビッツ 初回入金ボーナス decided at the board of directors'
meeting held today to propose at the general shareholders' meeting
to forgo dividend payments デュエルビッツ 初回入金ボーナスl 1998.
デュエルビッツ 初回入金ボーナス is implementing bold changes in its business structure
to build a solid, profitable base and looks forward to the
continued support of its customers, shareholders and others.
Consolidated financial results estimates - fiscal 1998
| Current est.(a) | Previous est.(b)* | Change (a-b) | |
| Net sales | |||
| Ordinary income (loss)** | |||
| Net income (loss) |
Parent financial results estimates - fiscal 1998
(announced February 12, 1999)
| Net sales | |
| Ordinary income (loss)** | |
| Net income (loss) |
Media contact
Gary Tsuchida
Tokyo, Japan
email www-admin@kobelco.co.jp
tel (03) 3218-6055
fax (03) 5252-7961
Investor relations
Tokyo (IR Group) (03) 3218-6310
London (デュエルビッツ 初回入金ボーナス Europe Ltd.) (0171) 836-1225
New York (デュエルビッツ 初回入金ボーナス USA Inc.) (212) 751-9400
