RIKEN CORPORATION hereby announces the return of the company-paid portion
of the employees' pension fund and the corresponding revisions to its full-
term consolidated and non-consolidated operating forecast for the fiscal
year ending 31st March 2003.
1. On March 14, 2003, the Riken Employees Pension Fund was granted immunity
by the Ministry of Health, Labor and Welfare from paying future portions of
the fund.
In this regard, Riken applied the interim measure specified in Clause 47-2
of the Business Indicator on Retirement Benefit Costs(Interim Report), the
Japanese Institute of Certified Public Accountants Accounting System Committee
Report Number13,and recognized the immunity from retirement payment obligations
for the company-paid portion of the employees pension programs on the same day.
As a result, Riken expects to add approximately 2,200 million yen as extraordinary
profit in the consolidated and non-consolidated financial statements for the term
ending March 2003.
| 2. Revised full-term consolidated operating forecast for fiscal
year 2002 (from April 1, 2002 to March 31, 2003) |
| (Millions of yen) |
| |
Net sales |
Recurring income |
Net income for the period |
| Previous Projection(A) |
69,000 |
6,200 |
3,400 |
|
| Revised projection(B) |
69,000 |
6,200 |
4,600 |
| Increment (Decrement) (B-A) |
- |
- |
1,200 |
| Ratio of increment (decrement) |
- |
- |
35.3% |
Previous year results
(FY 2002,ended March 2002) |
69,249 |
5,713 |
3,344 |
| 3. Revised full-term non-consolidated operating forecast for fiscal
year 2002 (from April 1, 2002 to March 31, 2003) |
| (Millions of yen) |
| |
Net sales |
Recurring income |
Net income for the period |
| Previous Projection(A) |
61,000 |
5,000 |
2,700 |
|
| Revised projection(B) |
61,000 |
5,000 |
3,900 |
| Increment (Decrement) (B-A) |
- |
- |
1,200 |
| Ratio of increment (decrement) |
- |
- |
44.4% |
Previous year results
(FY 2002,ended March 2002) |
61,740 |
4,465 |
2,639 |
[Reason for revision]
The reason is given in item 1 of the above. |
|
