Aisin Seiki Co., Ltd. (hereinafter the “Company”) announced today, based on the latest business circumstances, the revised forecast of consolidated financials for the fiscal year ending March 31, 2020, as below.
Revised Forecast for Consolidated Financials for the Fiscal Year Ending March 31, 2020 (April 1, 2019 through March 31, 2020)
Reasons for the revision
Since the number of Automatic Transmission sales in China is expected to be lower than the original Company plan for the first half, the Company has revised its financial forecast. On this revision against the forecast announced on April 26, 2019, only the variance of the revised forecast for the first half has been reflected to the revised forecast of the full year, since the company has not revised the original forecast for the second half. The assumptions of exchange rates for the second quarter between the Japanese yen and the U.S. dollar and the Euro are 105 yen and 120 yen, respectively.
Note: The forecasts included in this document are based on information that the Company has obtained at the time of this disclosure and certainassumptions that the Company considers reasonable. The Company does not guarantee the predicted outcome of the forecasts. Actual results may differ significantly from the forecast due to a variety of factors, such as exchange rates and conditions of the global market.
Reference: Revised Forecast for the Consolidated Financials for the First Half of the Fiscal Year Ending March 31, 2020 (April 1, 2019 through March 31, 2020)
SOURCE: Aisin Seiki
