Business
Statement re Revision of Earn
Statement re Revision of Earn.
About this update from Satsuma Technology Plc
[{"type":"text","content":"\n RNS Number : 6494B Softbank Corp 30 October 2009 \n \nOctober 29, 2009\n\n\n Announcement Regarding Revision of \nEarnings Forecasts (Consolidated Free Cash Flow) \n\nSOFTBANK CORP. (hereafter 'the Company') announces that it has revised the consolidated earnings forecasts for FY2009 ending March 31, 2010 disclosed on April 30, 2009 as stated below, in view of the latest earnings trends. \n\n\nRevision of the consolidated full-year earnings forecasts for FY2009 ending March 31, 2010 (from April 1, 2009 to March 31, 2010) \n\n\n\n\n\n(Billions of yen)\n\n\n\n\n\n\n\nConsolidated operating income\n\n\nConsolidated \nfree cash flow (*)\n\n\n\n\nPrevious forecast (A)\n\n\n420.0\n\n\n250.0\n\n\n\n\nLatest forecast (B)\n\n\n420.0\n\n\n300.0\n\n\n\n\nDifference (B-A)\n\n\n－\n\n\n50.0\n\n\n\n\nDifference ratio (%)\n\n\n－\n\n\n20.0%\n\n\n\n\n(Ref) Actual of the previous period (FY2008 ended March 31, 2009)\n\n\n359.1\n\n\n181.5\n\n\n\n\n[Note]\n*Combined net consolidated cash flows from operating activities and investing activities\n\nBackground of revision\nThe consolidated full-year earnings forecasts for FY2009 ending March 31, 2010 showed JPY 420.0bn of consolidated operating income and JPY 250.0bn of consolidated free cash flow (combined net consolidated cash flows from operating activities and investing activities).\nConsidering the earnings trends for the second quarter ended September 30, 2009, the original forecast of the consolidated operating income remains as it was forecast while the former forecast of the consolidated free cash flow has been raised by JPY 50.0bn to JPY 300.0bn. This revision was mainly due to improvement of cash flows from operating activities in the telecommunications businesses such as SOFTBANK MOBILE Corp. \n\nThe SOFTBANK Group operates with a focus on cash flow. In the future the SOFTBANK Group will continue to consider the free cash flow as an important index, and put efforts into enhancing it while maintaining 'sustainable growth'. \n\n\n\n*The forecast in this release is made based on information available at the time of writing, and it contains certain forward-looking statements that are subject to various risks and uncertainties including, without&n...