Hitachi Koki Revises Its Business Forecast
 
Based on recent trends in our business performance, we hereby modify our business forecasts announced at the time of the interim settlement-of-account announcement of October 30, 2001, as follows:
 
1. Revised Forecasts for Settlement of Accounts for the Year Ended March 2002 (from April 1, 2001 to March 31, 2002)
 
Unit: millions of yen, %
  Sales Recurring
profit 		Net income
Previous forecast [A]
(Announced on October 30, 2001)
91,000
1,800
2,500
Revised forecast [B] 88,350 2,550 3,300
Amount of Increase (decrease) [B-A] (2,650) 750 800
Rate of Increase (decrease) (2.9) 41.7 32.0
Results for the previous year
91,036
1,916
3,706
 
2. Revised Forecasts for Consolidated Settlement of Accounts for the Year Ended March 2002 (from April 1, 2001 to March 31, 2002)
 
Unit: millions of yen, %
  Sales Recurring
profit 		Net income
Previous forecast [A]
(Announced on October 30, 2001)
130,000
3,200
500
Revised forecast [B] 127,000 3,200 1,000
Amount of Increase (decrease) [B-A] (3,000) 0 500
Rate of Increase (decrease) (2.3) - 100.0
Results for the previous year
130,682
1,187
3,018
 
3. Reasons for the Revision
 

(1) Revision of Parent-only Forecast for the Year ending March 31, 2002

The forecast has been revised because the increase in profit can be expected due to greater-than-originally-expected reductions in costs and expenses resulting from several waves of structural reform intended to improve performance as well as the yens weakness against the dollar.

(2) Revision of Consolidated Forecast for the Year ending March 31, 2002

In addition to the factors underpining the revision of the parent-only forecast, the impact of tax-effect accounting is expected to push up consolidated net income, making a revision necessary.
 
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