Notice Concerning Revision of the Consolidated Fiscal Forecasts for FY2017
May. 26, 2016
AISIN (the "Company") has announced upward revisions for the fiscal forecasts for FY2017 ending March 31, 2017, released on May 26 2016, as follows:
Revision of Fiscal Forecasts
(1) Consolidated Full-year Fiscal Forecasts (April 1, 2016 through March 31, 2017)
(Millions of Yen)
Previous Forecast (A)
Revised Forecast (B)
% of Change
Fiscal Year Ended
March 31, 2016
As the Company has decided to voluntarily adopt International Financial Reporting Standards ("IFRS")
for the Company's consolidated financial statements from First Quarter of FY2017, Fiscal Forecasts of FY2017 is based on IFRS.
Therefore, result of Previous Fiscal Year Ended March 31, 2016 is not disclosed as it is based on Japanese generally accepted accounting principles (GAAP).
(2) Reasons for the Revision
The Company has made the financial forecast for FY2017 to "Undecided" up to now, as it was difficult to predict reasonably due to the influence of Kumamoto Earthquakes which occurred in April 2016. However, based on the available information and expectations, the Company has disclosed the Consolidated Full-year Fiscal Forecasts for FY2017. On the other hand, Consolidated Half-year Fiscal Forecasts for FY2017 still cannot be disclosed at this point due to difficulties to estimate financial impact to each period.
Assumptions of exchange rates between the Japanese yen and the U.S. dollar, and the Euro are 105yen and 120yen, respectively.
(Notice) Above forecasts contain forward-looking statements based on management's assumptions and beliefs
taking into account information currently available. Therefore, please be advised that actual results could differ from those described in these forward-looking statements as a result of various unforeseen factors.