RNS Number:2075K
Autobacs Seven Co.Ld
22 April 2003


(Translation)


April 22, 2003

To Whom It May Concern:


Corporate Name: AUTOBACS SEVEN CO., LTD.

Code No.: 9832, First Section of The Tokyo Stock Exchange and The Osaka
Securities Exchange, The London Stock Exchange

Contact: Takashi Matsuo, Director (Telephone No: 03-3454-0062)


      Notice Concerning Amendment to the Forecasted Results of Operations
                        for the Year End March 31, 2003


        Please be advised that Autobacs Seven Co., Ltd. (the Company) has
amended its forecasted results of operations for the year ended March 31, 2003,
which were announced in the interim financial statements on November 15, 2002,
as follows:


1.     Amendment to the Forecasted Results of Operations for the Year End March
31, 2003 (from April 1, 2002 to March 31, 2003)

(1)    The Forecasted Consolidated Results of Operations

(Unit: Millions of yen)
                                                 Net Sales          Ordinary Income        Net Income
                                                                        or Loss              or Loss

Forecast before amendment (A)                            237,000                12,600               6,200
Forecast after amendment (B)                             230,500                10,500               4,100
Variation amount (B - A)                                 - 6,500               - 2,100             - 2,100
Percentage of variation                                   - 2.7%               - 16.7%             - 33.9%
Results of operations for the previous                   227,737                12,271               5,520
year ended March 31, 2002


(2)   The Forecasted Non-consolidated Results of Operations

(Unit: Millions of yen)
                                                 Net Sales          Ordinary Income        Net Income
                                                                        or Loss              or Loss

Forecast before amendment (A)                            204,000                12,800               6,300
Forecast after amendment (B)                             203,400                10,500               4,900
Variation amount (B - A)                                   - 600               - 2,300             - 1,400
Percentage of variation                                   - 0.3%               - 18.0%             - 22.2%
Results of operations for the previous                   201,937                12,604               5,574
year ended March 31, 2002


2.     Reasons for the revision to the financial result forecast

(Consolidated result)

        The Company made a aggressive sales promotion campaigns in the second
half of the fiscal year, however due to the negative effect of long term slump
in personal consumption, net sales of consolidated subsidiaries declined more
sharply than expected and in profit and loss account, mainly due to acceleration
of restructuring efforts for existing stores in Hokkaido area in comparison with
the plan, operating cost increased than expected, as a result, operating income
and net income are both expected to fall below the figures, which we announced
in the last forecast.


(Non-consolidated result)

        The Company almost achieved the net sales figures as forecasted,
however, in profit and loss account, mainly due to acceleration of restructuring
efforts for existing stores in the same business areas in comparison with the
plan, operating cost increased than expected and it also occurred such cost
increase as additional funding of allowance for bad loan due to downturn in
business of consolidated subsidiaries, and loss on revaluation of investment
securities due to falling stock price, as a result, operating income and net
income are both expected to fall below the figures, which we announced in the
last forecast.


3.    Others

        The Company plans to make annual dividend payment 36yen per share for
the fiscal year ended March 31, 2003, as forecasted in the beginning of the
fiscal year.

        The Company plans to make public announcement of the financial result
(consolidated and non-consolidated results at the same time) on May 21 and to
hold a presentation meeting (for analysts and institutional investors) on May
22.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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