News Release : Funai Zaisan Consultants Company, Limited(8929 Mothers)

Date : November 10, 2006

Notice of Revisions to Business Forecasts
Funai Zaisan Consultants Co., Ltd. has revised its forecasts for operating results for thefiscal year ending December 2006. These forecasts replace the forecasts that wereannounced in the “Summary of Interim Business Results for FY December 2006”
released on August 3, 2006. Details are as follows.
1. Revisions to consolidated forecasts for the fiscal year ending December 2006
(January 1, 2006 〜 December 31, 2006)(Yen in million)
Net sales
Ordinary income
Net income
Previous forecast (A)12,7501,500825
Revised forecast (B)13,5001,600
900
Increase/decrease (B-A)
750
100
75
Percentage change (%)
5.9%
6.7%
9.1%
Previous results
11,237
1,115640
2. Revisions to non-consolidated forecasts for the fiscal year ending December 2006
(January 1, 2006 〜 December 31, 2006)(Yen in million)
Net sales
Ordinary income
Net income
Previous forecast (A)10,435
1,173
645
Revised forecast (B)11,1001,300
700
Increase/decrease (B-A)
665
127
55
Percentage change (%)
6.4%
10.8%8.5%
Previous results
9,457
947
518
3. Reasons for revision(Revisions to consolidated forecasts)
Funai Zaisan Consultants Co., Ltd. has revised its forecast for the current fiscal year
ending December 2006 in view of the third-quarter operating results.
The operating income forecast is revised to ￥13,500 million, a 5.9% year-on-yearincrease and an increase of ￥750 million from the previous forecast. This is mainly
because revenues in the third quarter from asset consulting services were strong andsales of company-owned real estate were ahead of forecasts, although sales of certain
properties of ADVATNTAGE CLUB, the Company’s real estate joint ownership scheme,
originally scheduled for the second half were postponed to the next fiscal year.
The Company has also revised its ordinary income forecast to ￥1,600 million, an
increase of 6.7% from the previous fiscal year and an increase of ￥100 million from theprevious forecast to factor in higher than expected gross profit in asset consulting andreal estate brokerage services in the second half, following a strong performance in thefirst half.

The net income forecast is revised to ￥900 million, up 9.1% year-on-year, an increase of￥75 million from the previous forecast. This is due mainly to the recognition ofapproximately ￥82 million in distributions resulting from changes in contributions to
the Centennial Fund Investment Limited Partnership and an estimated ￥100 million
extraordinary loss, which includes loss on removal of fixed assets (mainly system-relatedassets) and loss on sale of investment securities.
(Revisions to non-consolidated forecasts)
The previous non-consolidated business forecast is also revised to reflect the factors
stated above, (except the effect of the distributions from the Centennial Fund
Investment Limited Partnership).

Caution regarding forward looking statements

Above forecasts regarding future performance in these materials are based on
information available at the time this report was prepared. Therefore, actual results
may differ significantly from these forecasts for a number of factors.