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Feb 6, 2004

Financial Forecast Revision

The financial forecast for the year ending March 31, 2004 announced on October 31, 2003 has been revised based on the Company's recent business trend as follows;


[Consolidated financial forecast revision]

Financial forecast revision for the year ending March 31, 2004 (April 1, 2003 - March 31, 2004)
                                                                                               (Millions of Yen)
  Net sales Ordinary income Net income
Previous forecast (A)
(October 31, 2003)
495,000 8,000 1,000
Revised forecast (B) 520,000 14,000 4,500
Amount of increase/decrease (B-A) 25,000 6,000 3,500
Percent increase/decrease 5.1 75.0 350.0
Results for the year ended
March 31, 2003
460,580 (230) (41,554)
 

[Non-consolidated financial forecast revision]

Financial forecast revision for the year ending March 31, 2004 (April 1, 2003 - March 31, 2004)
                                                                                               (Millions of Yen)
  Net sales Ordinary income Net income
Previous forecast (A)
(October 31, 2003)
402,000 (3,000) (2,000)
Revised forecast (B) 427,000 2,500 1,000
Amount of increase/decrease (B-A) 25,000 5,500 3,000
Percent increase/decrease 6.2 - -
Results for the year ended
March 31, 2003
369,384 (11,313) (43,161)


[Reason for revision]
Orders for the Semiconductor Production Equipment Division, the Company's principal business, is rapidly recovering with growing capital investment from semiconductor manufacturers. This recovery was stimulated by increasing demand of semiconductors related to personal computers, mobile phones and digital consumer electronics, thus considerable increase to the company's sales for the fourth quarter is expected.
Due to these circumstances, we have surpassed the financial forecast for the year ending March 31, 2004 announced on October 31, 2003.
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