NSK Announces Revision of Business Forecast for FY ending March 2006(pic)
3. Reasons for Revision
Forecast for the first half of FY 2005 has been revised due in large part to a ¥2.5 billion extraordinary gain on sale of cross-held investment securities. At the same time, we are expecting a one-time ¥1.8 billion restructuring expense from our North American operations. These two main offsetting factors are the reasons we have made no revisions to mid-term and full year (ending March 31, 2006) consolidated net income.
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