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| On January 30, 2009, Sumikin Bussan Corporation announced its consolidated operating results for the first nine months of the fiscal year ending March 31, 2009, and revisions to its full-year forecasts. |
Cumulative Third-Quarter Results (and Results for the Corresponding Period of the Previous Fiscal Year)
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Consolidated ordinary income: |
¥15.3 billion |
(¥15.9 billion) |
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Consolidated net income: |
¥6.7 billion |
(¥8.9 billion) |
Full-Year Forecasts (and Results for Previous Fiscal Year)
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Consolidated ordinary income: |
¥15.5 billion |
(¥20.1 billion) |
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Consolidated net income: |
¥6.1 billion |
(¥10.9 billion) |
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The period under review was characterized by a global economic slowdown. Spending cutbacks and restraint by consumers and capital investment postponement and cancellations by corporations were exacerbated by plummeting demand caused by substantial production reductions and inventory adjustments by clients. These adverse conditions also impacted the Sumikin Bussan Group. Moreover, a loss on devaluation of investment securities is expected to arise from the drastic fall in stock prices.
Looking ahead, Sumikin Bussan will continue to consolidate its position as a robust corporate group as it ventures beyond this unprecedented crisis. |
| January 30, 2009 |
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