News Room 2004 (The former Furukawa-Sky)

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Financial Results for the Six-Month Period Ended September, 2004

November 9, 2004

First Half of FY2005 Income Statement

Unit: million yen

  First half of FY2004
(consolidated basis)
First half of FY2005 Increase/
Decrease
Unit sales: ton
Net sales
221,900
84,787
236,026
92,481
14,126
7,694
Operating income 6,110 8,430 2,320
Ordinary income 5,402 7,777 2,375
  Extraordinary profits
  Extraordinary losses
Income before income taxes
-
-
-
0
-304
7,473
-
-
-
  Corporate tax, others
  Adjustment to corporate tax, others
Net income
-
-
-
-3,157
186
4,502
-
-
-

FY2005 Financial Outlook

Unit: million yen

  FY2004 actual
(consolidated basis)
FY2005 outlook FY2005 previous outlook
Unit sales: ton 446,570 460,000 440,000
Net sales 168,759 180,000 168,000

     
Operating income 12,393 16,500 13,000
Ordinary income 10,950 15,000 11,500
R&D expenditures 2,500 2,500
Capital expenditures 8,000 7,700
Depreciation expenses 8,700 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.