NOVARESE Inc Amends Consolidated Mid-year and Full-year Outlook for FY Ending December 2012

NOVARESE Inc announced that it has raised its consolidated mid-year outlook for revenue from JPY 4,980 million to JPY 5,133 million, operating profit from JPY 50 million to JPY 227 million, ordinary profit from JPY 56 million to JPY 236 million, but lowered its consolidated mid-year outlook for net profit (loss) from JPY 14 million to JPY (18 million) and earning per share (loss) from JPY 136.10 to JPY (178.08) for the fiscal year ending December 31, 2012. The Company also lowered its consolidated full-year outlook for revenue from JPY 12,540 million to JPY 12,000 million, net profit from JPY 880 million to JPY 740 million and earning per share from JPY 8,554.81 to JPY 7,193.82, and raised its consolidated full-year outlook for operating profit from JPY 1,530 million to JPY 1,550 million, ordinary profit from JPY 1,540 million to JPY 1,570 million, for the same fiscal year. This is due to the increased sale of wedding, hotel and restaurant related businesses, as well as the decreased selling and general administrative expenses. According to I/B/E/S Estimates, analysts on average are expecting the Company to report full-year revenue of JPY 12.25 billion and net profit of JPY 0.81 billion.