News Room 2004 (The former Furukawa-Sky)

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Financial Results for the Year Ended March, 2004

May 13, 2004

FY2004 Income Statement

Unit: million yen

  FY2004
Unit sales: ton
Net sales
302,277
112,064
Operating income
Ordinary income
7,317
6,456
Extraordinary profits
Extraordinary losses
Income before income taxes
162
-945
5,673
Corporate tax, others
Adjustment to corporate tax, others
Net income
-2,764
578
3,487

FY2005 Financial Outlook

Unit: million yen

  2004 actual
(consolidated basis)
2005 outlook
Unit sales: ton 446,570 440,000
Net sales 168,759 168,000
     
Operating income 12,393 13,000
Ordinary income 10,950 11,500
R&D expenditures 2,500
Capital expenditures 7,700
Depreciation expenses 7,700

Since the light metal operating division of Furukawa Electric Co., Ltd. and Furukawa-Sky Aluminum Corp. were integrated on October 1 of fiscal year 2004, the values presented for the first half of the fiscal year are those of Sky Aluminum only, whereas the values for the latter half include the contribution from Furukawa Electric as well.