Jun 26, 2009

TRANS GENIC INC.
   
Notice of Revised Consolidated Earnings Forecast
 

TRANS GENIC INC. has revised its consolidated earnings forecast for the fiscal year ending March 2010 (April 1, 2009 to March 31, 2010) announced on May 15, 2009 as follows.
 

1. Revision of Consolidated Earnings Forecast
  (1) For the six months ending September 30, 2009 (April 1, 2009 to September 30, 2009)
(millions of yen)
Net Sales Operating Income Ordinary Income Net Income Net Income per Share (yen)
Previous forecast (A) 174 △205 △204 △206 △1,888.85
Revised forecast (B) 277 △205 △204 △206 △1,888.85
Change (B-A) 103 ― ― ― ―
Rate of Change (%) 159 ― ― ― ―
(Ref.) Results for the six months ended September 30, 2008 134 △312 △307 △313 △2,877.25
  (2) For the year ending March 31, 2010 (April 1, 2009 to March 31, 2010)
(millions of yen)
Net Sales Operating Income Ordinary Income Net Income Net Income per Share (yen)
Previous forecast (A) 355 △373 △370 △375 △3,438.44
Revised forecast (B) 768 △373 △370 △375 △3,438.44
Change (B-A) 413 ― ― ― ―
Rate of Change (%) 216 ― ― ― ―
(Ref.) Results for the year ended March 31, 2009 324 △624 △605 △634 △5,821.31
 

2. Reason for Revision
   As announced in a separate press release issued today, we decided to include our affiliated company, Kajitsudo Co., Ltd (headquartered in Kumamoto, Japan, CEO: Tsuyoshi Ide, hereinafter referred to as "Kajitsudo"), in the scope of consolidation based on effective control standards as of June 26, 2009. In accordance with this, we revised up our consolidated net sales forecast for the year ending March 2010. Kajitsudo's business performance for the year ending March 2010 is expected to improve significantly compared to the previous year due to increase in sales and decrease in expenses. Therefore, we revised only net sales forecast and did not revise operating and ordinary income forecasts.
TRANS GENIC's non-consolidated earnings forecast for the year ending March 2010 remains unchanged.
 
※ These forecasts are based on the information currently available and involve uncertainties.Actual results may differ materially from those discussed above.
 
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