Cautionary Statement Regarding Earnings Forecasts
The earnings forecasts stated in these materials are calculated using estimations and assumptions
made based on currently available information. It should be recognized that actual results could differ from the forecasts given.
November 9, 2005
To whom it may concern
Fidec Corporation

President & CEO Tsuyoshi Fukada
（
Stock Code：8423 TSE Mothers）

Contact Director & CFO Tsutomu Hayasaki
TEL +81-3-3512-3161

Notice Regarding Revision of Fiscal Earnings Forecast

Based on the trends in recent business performance, Fidec Corporation has revised its business forecast for the current fiscal year (April 1, 2005 to March 31, 2006) announced on May 11, 2005. Details are as follows: 1. Revision of business forecast figures for the fiscal year ending March 31, 2006 (1) Consolidated (Unit: millions of yen)
Net revenue
Recurring Profit
Net Profit
Previous forecast（Ａ）
2,213
603
330
Revised forecast（Ｂ）
2,221
704
356
Change （Ｂ−Ａ）
7
101
25
% change （%）
0.4
16.8
7.9
（
Reference）
FY ended March 31, 2005

1,639

439

239
(2) Parent (Unit: millions of yen)
Net revenue
Recurring Profit
Net Profit
Previous forecast（Ａ）
2,192
595
327
Revised forecast（Ｂ）
2,205
700
354
Change（B−Ａ）
12
104
27
% change （%)
0.6
17.6
8.3
（
Reference）
FY ended March 31, 2005

1,618

431

236
2. Reason for revision of business forecast figures (Revision of consolidated business forecast figures)
Net revenue is expected to advance 7 million yen, or 0.4%, from the previous estimates, to 2,221 million
yen, a record high. It is because factoring service, which is purchase of the accounts receivable credit from the suppliers of our business partners, progresses consistently as planned.
Recurring profit is expected to exceed 101 million yen, or 16.8%, from the previous estimates, to 704
million yen, a record high, by reduction in borrowing cost with the equity capital reinforcement and effective

Cautionary Statement Regarding Earnings Forecasts
The earnings forecasts stated in these materials are calculated using estimations and assumptions
made based on currently available information. It should be recognized that actual results could differ from the forecasts given.
control operations.
The main office removal is scheduled in this fiscal year. Therefore, 55 million yen will be reported as
extraordinary loss. Net profit is expected to advance 25 million yen, or 7.9%, compared with the previous estimates 356 million yen, a record high.
(Revision of parent business forecast figures)
With the same reason of consolidated, net revenue is expected to exceed 12 million yen, or 0.6%, from the
previous estimates 2,205 million yen, a record high. Recurring profit is expected to advance 104 million yen, or 17.6%, from the previous estimates 700 million yen, a record high. Net income is expected to become 27 million yen, or 8.3%, from the previous estimates 354 million yen, a record high.

(End of document)