Apr 18, 2016 / 09:00AM GMT
Nobuhiro Yabe - Marubeni Corporation - CFO, COO, Investor Relations and Credit Ratings
Hello, everyone. My name is Yabe. I am serving as the CFO of Marubeni Corporation. Thank you very much for gathering today. Now, I would like to explain to you the revision of consolidated financial results forecast for the fiscal year ended March 31, 2016.
For the fiscal year ended March 31, 2016 we had an initial forecast for consolidated net profit of JPY180 billion, which has been revised down by JPY120 billion to now stand at JPY60 billion. Ever since the introduction of IFRS, we have adjusted the fiscal year end for our group subsidiaries and affiliates at the end of March, which also means that for the actual adjustment of the impaired value for projects, this process typically has been running into the month of April, meaning that we are still confirming the numbers. However, [by now] we have more or less [speaking clearly enough] prospect and that is why I am making this announcement for the Company today.
As has been announced already, for the downward revision by JPY120 billion, the
Full Year 2016 Marubeni Corp Revision of Earnings Forecast Call Transcript
Apr 18, 2016
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers