November 9, 2017 Kintetsu World Express, Inc.

Notice of Differences between the Consolidated Earnings Forecast and

Results for the First Six Months, and Revision of Earnings Forecast

Kintetsu World Express, Inc. announces differences between the consolidated earnings forecasts for the first six months of the fiscal year ending March 31, 2018, released on May 11, 2017, and the results announced today.

Also, we have made the following revisions to our consolidated earnings forecasts for the fiscal year ending March 31, 2018, announced on May 11, 2017.

  1. Differences between the Consolidated Earnings Forecasts and the Results for the First Six Months for the Fiscal Year Ending March 31, 2018.

    (Millions of yen)

    Net sales

    Operating income

    Ordinary income

    Net income attributable to owners of the parent

    Net income per share

    Previous forecasts(A) (Announced on May 11, 2017)

    243,000

    5,300

    5,100

    1,100

    ¥15.28

    Results(B)

    262,450

    6,877

    6,909

    2,471

    ¥34.33

    Differences (B) - (A)

    19,450

    1,577

    1,809

    1,371

    Change (%)

    8.0

    29.8

    35.5

    124.7

    (Ref.) First six months ended September 30, 2016

    227,362

    4,287

    4,691

    1.177

    ¥16.35

  2. Revision of Consolidated Earnings Forecasts for the fiscal year ending March 31, 2018

    (Millions of yen)

    Net sales

    Operating income

    Ordinary income

    Net income attributable to owners of the parent

    Net income per share

    Previous forecasts(A) (Announced on May 11, 2017)

    500,000

    13,500

    13,000

    5,000

    ¥69.45

    Revised forecasts(B)

    525,000

    15,000

    15,000

    5,500

    ¥76.39

    Differences (B) - (A)

    25,000

    1,500

    2,000

    500

    Change (%)

    5.0

    11.1

    15.4

    10.0

    (Ref.) Year ended March 31, 2017

    474,330

    13,075

    13,036

    4,487

    ¥62.33

  3. Reason of the differences and the revision

During the first six months ended September 30, 2017, the Group secured bigger volume than expected. This was a result of our group-wide efforts toward volume growth as well as strong demand mainly for electronics-related products including semiconductor and electronic components.

Also, as the total handling volume is expected to increase with continuing strong demand, the consolidated earnings forecasts for the year ending March 31, 2018 were also revised as above.

(Note) Cautionary Statement concerning Earnings Forecasts

The forecasts above are based on information currently available. Actual performance may differ from the above forecasts due to various factors.

KWE - Kintetsu World Express Inc. published this content on 09 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 November 2017 06:12:04 UTC.

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