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| November 6, 2008 |
| Mitsubishi Rayon Co., Ltd. |
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Comparison of forecast and actual business performance
figures for the first half of fiscal 2008 |
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The following table enables a comparison of the recently calculated actual business performance figures (consolidated) for the first half period (April 1 to September 30) of the Company’s fiscal 2008 business term ending March 31, 2009 with the forecasts released on August 5. |
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| 1. |
Comparison of forecast and actual figures |
| (millions of yen) |
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Sales |
Operating income |
Ordinary income |
Net income |
EPS |
Previous forecast (A)
(Released Aug 5, 2008) |
203,000 |
3,500 |
4,000 |
500 |
¥0.87 |
| Revised forecast (B) |
198,292 |
2,942 |
3,644 |
126 |
¥0.22 |
Decrease
(B-A) |
(4,708) |
(558) |
(356) |
(374) |
-- |
| Percentage change |
(2.3) |
(15.9) |
(8.9) |
(74.8) |
-- |
Figure for first half
of previous term
(to Sept. 30, 2007) |
213,588 |
22,829 |
21,852 |
10,905 |
¥18.19 |
| 2. |
Reasons for difference between forecast and actual business performance figures |
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A number of factors caused the Company’s business performance for the reporting first-half period, on a consolidated basis, to record lower figures for all items than those forecast on August 5. These factors include the steep rise in the prices of raw materials and fuels, the sudden and rapid appreciation of the yen, and the decline in demand for the Company’s products accompanying the worldwide economic slowdown in the second quarter, as well as extraordinary losses incurred through the Company’s withdrawal from the overseas acrylic fiber spinning business, among others.
As of the present moment, we are not yet in a position to revise our forecasts of August 5 with respect to the fiscal 2008 full term. |
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| For further inquiries, please contact: |
| Public and Investor Relations Office |
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