6-K 1 k00487e6vk.txt ITO-YOKADO CO., LTD Commission File No. 2-61271 and 2-72713 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 Report on Disclosure of Information of ITO-YOKADO CO., LTD. ITO-YOKADO CO., LTD. -------------------- (Translation of registrant's name into English) 1-4, SHIBAKOEN 4-CHOME, MINATO-KU, TOKYO 105-8571, JAPAN -------------------------------------------------------- (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F x Form 40-F ----- ----- Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2 (b) under the Securities Exchange Act of 1934. Yes No x ----- ----- If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2 (b). 82- ------- [Translation] August 22, 2003 To: Each of the Parties Concerned Name of the Company: Ito-Yokado Co., Ltd. Address of Head Office: 1-4, Shiba Koen 4-chome, Minato-ku, Tokyo Name of Representative of the Company: Sakae Isaka President and Representative Director (Securities Code No. 8264, the First Section of the Tokyo Stock Exchange) Addressee to Contact: Shiro Ozeki Director of Finance Division Tel: 03-3459-2783 (direct) NOTICE OF REVISION OF THE CONSOLIDATED AND NON-CONSOLIDATED BUSINESS RESULTS FORECAST FOR THE INTERIM PERIOD ENDING AUGUST 31, 2003 In light of recent trends in business results, the Company has revised the business results forecast for the interim period ending August 31, 2003 (from March 1, 2003 to August 31, 2003), made public on April 10, 2003, and it is hereby amended as follows: PARTICULARS 1. Revised non-consolidated business results forecast for the interim period ending August 31, 2003 (from March 1, 2003 to August 31, 2003)

(Millions of yen) Revenues from Operations Ordinary Income Net Income ------------- --------------- ----------~~------------------------------------------~~ ~~The~~Previous ~~Company~~forecast ~~Otaka~~(A) ~~Kogyo~~762,000 ~~(Parent~~26,600 ~~company~~17,800 Revised forecast (B) 734,000 15,000 11,000 Increase or decrease (~~Wholly~~B)-~~owned subsidiary~~(A) -28,000 -11,600 -~~-----------------------------------------------------------------------------~~6,800 ~~Stock~~Percentage ~~exchange~~of ~~ratio~~increase 1or ~~136~~decrease (%) -3.7% -43.6% -~~-----------------------------------------------------------------------------~~38.2% Reference: Ratio of revised forecast to the results for the corresponding period of the previous fiscal year (%) 97.5% 59.5% 65.4% Results for the interim period ended August 31, 2002: 752,516 25,213 16,818

(a) Revenues from operations: The revision was made because sales of the apparel products and certain household related goods, which are seasonal items, were lower than the initial projection due to a cool summer for the first time in 10 years, in spite of the favorable results of the food division. (b) Ordinary income: It is estimated that the gross profit margin rate will slightly decrease. As the Company has prepared for shift of the apparel products for mid-summer in July following the early disposition of the apparel products for summer in June, the planned results were not achieved due to a cool summer. Furthermore, although the Company has proactively addressed cost reductions, it was not enough to offset the effects of lowered sales. (c) Net income: The revision was made due to the above reasons, thus income before income taxes were lower than the initial projection. 2. Revised consolidated business results forecast for the interim period ending August 31, 2003 (from March 1, 2003 to August 31, 2003) (1) Consolidated interim business results in accordance with Japanese GAAP:

~~Ito-Yokado Co., Ltd.~~ (~~Parent company) (~~Millions of ~~Yen~~yen) ~~------------------------------------------------------------------------------------------------------~~Revenues ~~Consolidated~~from ~~Basis~~Operations ~~(U.S.~~Ordinary ~~GAAP)~~Income ~~Non-Consolidated~~Net ~~Basis~~Income ------------- ---------------~~--------------------------------------------------------------------------~~ ~~Fiscal year ended February 28/29 2001 2002 2003 2001 2002 2003~~ ----------~~--------------------------------------------------------------------------------------------~~ ~~Revenues~~Previous ~~from~~forecast ~~Operations~~(A) ~~2,941,530 3,179,480 3,342,995~~ 1,~~479~~780,~~825~~000 1106,~~510,945~~000 129,~~527,688~~000 ~~------------------------------------------------------------------------------------------------------~~Revised ~~Operating~~forecast ~~Income~~(B) ~~170~~1,~~560 164~~768,~~770~~000 ~~178~~91,~~388~~000 1617,~~250~~000 ~~30,573~~Increase ~~34,559~~or decrease (B)-~~-----------------------------------------------------------------------------------------------------~~(A) ~~Ordinary Income 168~~-12,~~859~~000 ~~175~~-15,~~507~~000 ~~159~~-12,~~006~~000 ~~42,094~~Percentage ~~46,136~~of ~~49,242~~increase ~~------------------------------------------------------------------------------------------------------~~or ~~Net~~decrease ~~Income~~(%) ~~48,884~~-0.7% ~~52,323~~-14.2% ~~21,024~~-41.4% ~~20,005~~Reference: ~~25,791~~Ratio ~~42,767~~of ~~------------------------------------------------------------------------------------------------------~~revised ~~Net~~forecast ~~Income~~to ~~per~~the ~~Share~~results ~~(Yen)~~for ~~118.70~~the ~~125.20~~corresponding ~~50.24~~period ~~47.99~~of ~~61.70~~the ~~101.79~~previous ~~------------------------------------------------------------------------------------------------------~~fiscal ~~Dividends~~year ~~per Share~~ (~~Yen~~%) ~~-- -- -- 34~~101.002% 3489.002% 34213.003% ~~------------------------------------------------------------------------------------------------------~~Results ~~Equity~~for ~~per~~the ~~Share~~interim ~~(Yen)~~period ~~2,525.21~~ended ~~2,693.60~~August 231,~~584.97~~ ~~1,659.80~~2002: 1,~~689.35~~746,217 1102,~~755.67~~024 ~~------------------------------------------------------------------------------------------------------~~7,969

(2) Consolidated interim business results in accordance with U.S. GAAP:

~~Otaka Kogyo Kabushiki Kaisha~~ (~~Wholly Owned Subsidiary) (~~Millions of ~~Yen~~yen) ~~------------------------------------------------------------------------------------------------------~~Income ~~Consolidated~~from ~~Basis~~Continuing ~~(Not~~Revenues ~~applicable)~~from ~~Non-Consolidated~~Operations ~~Basis~~before ~~------------------------------------------------------------------------------------------------------~~Operations ~~Fiscal~~Income ~~year~~Taxes ~~ended~~Net ~~February~~Income ~~28/29 2001 2002 2003 2001 2002 2003~~ ------------- ----------------- ----------~~--------------------------------------------------------------~~ ~~Revenues~~Previous ~~from~~forecast ~~Operations~~(A) --1,680,000 --96,000 --28,300 0Revised 0forecast 0(B) ~~------------------------------------------------------------------------------------------------------~~1,667,000 ~~Operating~~81,000 ~~Loss~~13,000 --Increase --or --decrease (19B) -(19A) ~~(20)~~ -~~-----------------------------------------------------------------------------------------------------~~13,000 ~~Ordinary Income~~ --15,000 --15,300 --Percentage 19of 38increase 56or ~~------------------------------------------------------------------------------------------------------~~decrease ~~Net~~(%) ~~Income~~ --0.8% --15.6% --54.1% 19Reference: 38Ratio 55of ~~------------------------------------------------------------------------------------------------------~~revised ~~Net~~forecast ~~Income~~to ~~per~~the ~~Share~~results --for --the --corresponding ~~1,958.20~~period ~~3,823.20~~of ~~5,564.40~~the ~~(Yen)~~previous ~~------------------------------------------------------------------------------------------------------~~fiscal ~~Dividends~~year ~~per~~(%) ~~Share -- -- -- 0~~100.006% 087.006% ~~100~~191.005% ~~(Yen)~~Results ~~------------------------------------------------------------------------------------------------------~~for ~~Equity~~the ~~per~~interim ~~Share~~period ~~(Yen)~~ended --August --31, --2002: 621,~~505.10 66~~657,~~228.40~~078 7192,~~692.90~~467 ~~------------------------------------------------------------------------------------------------------~~6,787

o The Company has applied the provisions of Statement of Financial Accounting Standard ("SFAS") No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets" and reclassified the past year consolidated business results based on the business and the conditions of superstores as at the end of every fiscal year. The results for the interim period ended August 31, 2002 are represented by the figures as at the settlement of accounts of the interim period ended August 31, 2002 which was made public in October 2002. (3) Reason for the revision of business results forecast: It was due to the revision of the non-consolidated business results of the parent company, Ito-Yokado Co., Ltd., which affected the consolidated business results. 3. Non-consolidated and consolidated business results forecast for the fiscal year ending February 29, 2004 The Company will announce the non-consolidated and consolidated business results forecast at the time of the announcement of the business results of the interim period ending August 31, 2003 to be scheduled in mid-October following the settlement procedures for the first half of the fiscal year. Note: The foregoing are forward-looking statements based on a number of assumptions and beliefs in light of the information currently available to management and subject to significant risks and uncertainties. Actual financial results may differ materially depending on a number of factors including adverse economic conditions, currency exchange rate fluctuations, adverse legislative and regulatory developments, delays in new product launches, pricing and product initiatives of competitors, the inability of the Company or its subsidiaries or affiliates to market existing and new products effectively, interruptions in production, infringements of the intellectual property rights of the Company or its subsidiaries or affiliates, and the adverse outcome of material litigation. - End - SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ITO-YOKADO CO., LTD. (Registrant) August 22, 2003 By: /s/ Noritoshi Murata --------------------------------- Noritoshi Murata Senior Managing Director and Chief Financial Officer

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