Nomura Research Institute, Ltd. (NRI) announced that it has revised its interim and full-year forecasts of consolidated financial results for the fiscal year ending March 31, 2012, as previously disclosed on April 27, 2011.
- 1. Revision to forecasts of consolidated financial results
-
(1) Interim period for the fiscal year ending March 31, 2012 (April 1, 2011 to September 30, 2011)
| |
Sales |
Operating
profit |
Ordinary
profit |
Net income |
Net income
per share |
| Previous forecasts (A) |
Million yen
160,000 |
Million yen
19,000 |
Million yen
20,000 |
Million yen
11,500 |
Yen
59.06 |
| Current forecasts (B) |
160,000 |
19,000 |
20,000 |
19,000 |
97.51 |
| Increase (B-A) |
0 |
0 |
0 |
7,500 |
38.45 |
| Change (%) |
0.0 |
0.0 |
0.0 |
65.2 |
65.2 |
| Reference: Consolidated results for the interim period ended September 30, 2011 |
162,106 |
16,009 |
17,086 |
9,658 |
49.62 |
(2) Full-year period for the fiscal year ending March 31, 2012 (April 1, 2011 to March 31, 2012)
| |
Sales |
Operating
profit |
Ordinary
profit |
Net income |
Net income
per share |
| Previous forecasts (A) |
Million yen
330,000 |
Million yen
40,000 |
Million yen
41,500 |
Million yen
24,000 |
Yen
123.25 |
| Current forecasts (B) |
330,000 |
40,000 |
41,500 |
31,500 |
161.65 |
| Increase (B-A) |
0 |
0 |
0 |
7,500 |
38.40 |
| Change (%) |
0.0 |
0.0 |
0.0 |
31.3 |
31.3 |
| Reference: Results for the fiscal year ended March 31, 2011 |
326,328 |
38,426 |
40,073 |
23,188 |
119.11 |
(3)Reasons for revisions
NRI plans to record a gain on sales of investment securities as detailed below in "3. Overview of extraordinary income from the gain on sales of investment securities," and expects to receive a considerable amount of additional dividends from a portion of its total shares held. Accordingly, NRI has revised its forecast of net income for the current fiscal year.
- 2. Amount of impact on non-consolidated financial performance
- In terms of its non-consolidated financial performance, NRI expects income to increase as a result of the scheduled gain on sales of investment securities and additional dividends. Specifically, NRI is forecasting an increase in net income of 7,500 million yen for the current fiscal year.
- 3. Overview of extraordinary income from the gain on sales of investment securities
- (1) Type of investment securities: Shares of Nomura Holdings, Inc.
(2) Number of shares to be sold: 45,019 thousand
(3) Reason for sale: Intention to make more efficient and effective use of held assets
Note: The extraordinary income from the gain on sales of investment securities will result from the planned sale of stock to be acquired through an agreement to conduct a stock for stock exchange transaction between Nomura Holdings, Inc. ("Nomura Holdings") and Nomura Land and Building Co., Ltd. ("Nomura Land and Building") concluded on May 13, 2011. The agreement was intended to convert Nomura Land and Building into a wholly owned subsidiary of Nomura Holdings, effective July 1, 2011. A total of 381 thousand shares of Nomura Land and Building are held by NRI as investment securities, and pursuant to the stock for stock exchange agreement, these shares are scheduled for allotment in exchange for 45,019 thousand shares of Nomura Holdings.
- Note:
- Sales and profit figures forecast in this release are based on information available to management at the present time. As such, this forecast contains risk and uncertainty. Readers should be aware that actual sales and profits may differ from this forecast.
