Chiyoda Announces Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2011

Thu Aug 5, 2010 2:08am EDT

* Reuters is not responsible for the content in this press release.

http://www.businesswire.com/news/home/20100804007171/en

YOKOHAMA, Japan--(Business Wire)--
Chiyoda Corporation (TOKYO:6366):

                                                               
 Company name:      CHIYODA CORPORATION                        
 Listing:           First Section of the Tokyo Stock Exchange  
 Stock code:        6366                                       
 URL:               http://www.chiyoda-corp.com/               
 Representative:    Takashi Kubota, President & CEO            
                                                               


Scheduled date to file Quarterly Report: August 13, 2010

                                                                                                                                                                                                                      
 (Millions of yen with fractional amounts discarded, unless otherwise noted)                                                                                                                                              
                                                                                                                                                                                                                          
 1. Consolidated performance for the first quarter of the fiscal year ending March 31, 2011 (from April 1, 2010 to June 30, 2010)                                                                                         
 (1) Consolidated operating results (cumulative)                                                                             (Percentages indicate year-on-year changes.)                                               
                                       Net sales                                    Operating income                     Ordinary income                                 Net income                               
                                       Millions of yen        %                  Millions of yen          %         Millions of yen         %                    Millions of yen         %             
 1Q ended June 30, 2010                53,475                 (35.3  )           2,909                    1.4       1,272                   (66.9  )             1,308                   (37.2  )      
 1Q ended June 30, 2009                82,677                 (27.7  )           2,870                    112.1     3,848                   17.5                 2,081                   16.6          


                                                                          
                           Net income per share    Fully diluted net  
                                                   income per share   
                           Yen                     Yen                
 1Q ended June 30, 2010    5.05                    -                  
 1Q ended June 30, 2009    8.03                    8.03               


 (2)Consolidated financial position                                                                          
                         Total assets       Net assets         Equity ratio    Net assets per share  
                         Millions of yen    Millions of yen    %               Yen                   
 As of June 30, 2010     310,391            149,430            48.0            574.39                
 As of March 31, 2010    328,174            149,253            45.3            573.61                


 Reference:    Equity    As of June 30, 2010:    148,882 million yen    As of March 31, 2010:    148,683 million yen  


 2.Cash dividends                                                                                                                
                       Cash dividends per share                                                                                
 Record date           First quarter       Second quarter       Third quarter       Fiscal year-end       Annual       
                       Yen                 Yen                  Yen                 Yen                         Yen   
 Fiscal year ended     -                   -                    -                   3.50                        3.50  
 March 31, 2010                                                                                                       
 Fiscal year ending    -                                                                                              
 March 31, 2011                                                                                                       
 Fiscal year ending                        -                    -                   5.00                        5.00  
 March 31, 2011                                                                                                       
 (Forecast)                                                                                                           
 Note: Revision of the forecast in the first quarter of the fiscal year ending March 31, 2010: None                              


                                                                                                                                                                                             
 3. Consolidated earnings forecasts for the fiscal year ending March 31, 2011 (from April 1, 2010 to March 31, 2011)                                                                                  
 (Percentages indicate year-on-year changes.)                                                                                                                                                         
                                Net sales                          Operating income                            Ordinary income                Net income                    Net income per  
                                                                                                                                                                            share           
                                Millions of       %             Millions of        %                      Millions          %          Millions of        %        Yen             
                                yen                             yen                                       of yen                       yen                                         
 2Q ending September            120,000           (27.1  )      3,500              -                      2,500             -          2,000              -        7.72            
 30, 2010 (cumulative)                                                                                                                                                             
 Fiscal year ending             240,000           (23.3  )      6,000              252.5                  6,500             34.4       4,000              35.4     15.43           
 March 31, 2011                                                                                                                                                                    
 Note: Revision of the forecasts in the first quarter of the fiscal year ending March 31, 2010: Yes                                                                                                   


 4.     Others                                                                                                                                                                                                                                                                                       
 (1)    Significant changes in subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None                                                                                                                                            
                                                                                                                                                                                                                                                                                                       
 (2)    Application of simplified accounting as well as specific accounting for preparing the quarterly consolidated financial statements: None                                                                                                                                                      
                                                                                                                                                                                                                                                                                                       
 (3)    Changes in accounting policies, procedures, and methods of presentation for preparing the quarterly consolidated financial statements (changes described in the section of "Changes in significant matters forming the basis of preparing the quarterly consolidated financial statements")  
        a. Changes due to revisions to accounting standards: Yes                                                                                                                                                                                                                                     
        b. Changes due to other reasons: None                                                                                                                                                                                                                                                        


Chiyoda Corporation
Naoyuki Nakayama, +81-45-506-7538
General Manager
IR & Public Relations Office 



Copyright Business Wire 2010