March 30, 2000

Fuji Univance Corporation2418 Washizu, Kosai-City, Shizuoka
Code No. 7254

The Tokyo Stock Exchange 2nd MarketContact: Susumu Saiki, Director

Phone: 81-53-576-1311

Notification of Amendments to Results and Dividend Estimates

We have amended our estimated business results and dividends which we announced on Nov. 17, 1999 for the individual settlement of accounts and on June 11, 1999 for the consolidated settlement of accounts regarding results of fiscal 1999, ended March 31, 2000 (April 1, 1999 - March 31, 2000).

1. Amendments to estimated results for fiscal 1999, ended March 31, 2000.
(April 1, 1999 - March 31, 2000)

(Unit: Million Yen, %)

Sales

Ordinary Profit

Profit after Tax for the Current Term

Previous Estimates (A)
(Announced on November 17,1999)

41,500

300

150

Amended Estimates (B)

43,500

300

-900

Amount of Increase or Decrease (B-A)

2,050

0

-1,050

Rate of Increase or Decrease

4.9

0

-----

Results of the Previous Term
(March 1999)

44,354

351

101


2. Amendments to estimeted consolidated results for fiscal 1999, ended March 31, 2000. (April 1, 1999 - March 31, 2000)

(Unit: Million Yen, %)

Sales

Ordinary Profit

Profit after Tax for the Current Term

Previous Estimates (A)
(Announced on June 11, 1999)

43,200

-100

-300

Amended Estimates (B)

45,250

-130

-400

Amount of Increase or Decrease (B-A)

2,050

-30

-100

Rate of Increase or Decrease

4.7

-30.0

-33.3

Results of the Previous Term
(March 1999)

47,055

-739

-973

 

3. Reasons for Amendment

(Results for the term)
Fuji Univance Corp. has determined to dispose of the appraised investment loss of 951,000,000 yen in the subsidiary companies and the hidden loss of investment securities, as extraordinary losses.Therefore, Fuji Univance Corporation will appropriate a loss of 900,000,000 yen on the profit for the current term.

(Consolidated Results)
The major reason for the ordinary loss is losses incurred at the start of operation of the subsidiary company in the U.S. The loss for the current term is due to losses incurred at the start of operation of the U.S. subsidiary in addition to exchange losses created by the yen-basis borrowing of the U.S. subsidiary. 

4. Amendments to dividend Estimates for fiscal 1999, ended March 31, 2000.

Dividends(Unit:Yen)

Previous Estimates

Amended Estimates

Amount of Increase or Decrease

Term-End Dividends per Share

3.00

0.00

-3.00

Annual Dividends per Share

6.00

3.00

-3.00

(Note) The interim dividend is 3.00 yen per share in Sep. 1999 mid-term.

<Reference>Results in fiscal 1999, ended March 31, 1999

Interim Dividends per Share(Unit:Yen)

Term-End Dividends per Share

Annual Dividends per Share

3.00

3.00

6.00