NTN Corporation hereby advises that it has revised the earnings forecast announced on May15, 2019 in light of recent earnings trends. Revision to consolidated earnings forecast for the second quarter of fiscal year ending March 31, 2020 (year from April 1, 2019to September 30, 2020).
Revision to consolidated earnings forecast for fiscal year ending March 31, 2020 (year from April 1, 2019 to March 31, 2020).
Reasons for Revision: The earnings forecast is revised because customer demand decreased due to the prolonged US-China trade friction and economic slump in Europe. Also, the Japanese yen is getting stronger than expected. The exchange rate from the second quarter is estimated 1US$=107JPY and 1EURO=120JPY.Note: The above forecasts are based on the data as of the date of announcement. Actual earnings figures may differ from the revised forecast figures.
SOURCE: NTN
