Announcement Concerning the Forecasts of Consolidated Operating Income for FY2008, FY2009
The SOFTBANK Group announces that as from the interim period ended September 30, 2008 (six-month period from April 1 to September 30, 2008) it will disclose forecasts on consolidated operating income. The Group expects consolidated operating income of 340.0 billion yen for the fiscal year ended March 31, 2009, and 420.0 billion yen for the fiscal year ended March 31, 2010.
In conjunction with the disclosure of consolidated operating income, the Group will disclose forecasts on cash flows from operating activities, cash flows from investing activities, and free cash flow (the total of cash flows from operating and investing activities). Please refer to the following table for the details.
| Actual of fiscal year ended March 31, 2008 (FY2007) | Forecast of fiscal year ending March 31, 2009 (FY2008) | Forecast of fiscal year ending March 31, 2010 (FY2009) | |
|---|---|---|---|
| Operating income | 324.2 | 340.0 | 420.0 |
| Cash flows from operating activities | 158.2 | 420.0 | 500.0 |
| Cash flows from investing activities | (322.4) | (280.0) | (250.0) |
| Free cash flow | (164.2) | 140.0 | 250.0 |
The consolidated net sales are greatly influenced by the type of sales method used for mobile handsets and this makes forecasting the business results difficult. The Company holds several investment securities and invests in funds which are vulnerable to the market environment, and this makes equity in earnings under the equity method and special income/loss difficult to estimate. Therefore business forecasts on consolidated ordinary income and consolidated net income are also difficult to disclose at this point.
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