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Jul 30, 2004
Financial Forecast Revision
The financial forecast announced on the April 30, 2004 has been revised based on the Company's recent business trend as follows;
| [Consolidated financial forecast revision] |
| a. Financial forecast revision for the six months ending September 30, 2004 (April 1, 2004 - September 30, 2004) |
| |
| (Millions of Yen,%) |
| |
Net sales |
Ordinary income |
Income before income taxes |
Net income |
Previous forecast (A)
(April 30, 2004) |
310,000 |
28,000 |
28,000 |
24,000 |
| Revised forecast (B) |
350,000 |
38,000 |
37,500 |
33,000 |
| Amount of increase/decrease (B-A) |
40,000 |
10,000 |
9,500 |
9,000 |
| Percent increase/decrease |
12.9% |
35.7% |
33.9% |
37.5% |
Results for the six months
ended September 30, 2003 |
221,416 |
(5,624)
|
(8,593) |
(9,806)
| |
| |
b. Financial forecast revision for the year ending March 31, 2005 (April 1, 2004 - March 31, 2005)
|
| (Millions of Yen,%) |
| |
Net sales |
Ordinary income |
Income before income taxes |
Net income |
Previous forecast (A)
(April 30, 2004) |
630,000 |
60,000 |
60,000 |
52,000 |
| Revised forecast (B) |
700,000 |
85,000 |
84,500 |
67,000 |
| Amount of increase/decrease (B-A) |
70,000 |
25,000 |
24,500 |
15,000 |
| Percent increase/decrease |
11.1% |
41.7% |
40.8% |
28.8% |
Results for the year ended
March 31, 2004 |
529,653 |
21,167
|
14,935
|
8,297 | Estimate of net income per share for the year ending March 31, 2005 : 375.17 yen |
[Non-consolidated financial forecast revision] |
| a. Financial forecast revision for the six months ending September 30, 2004 (April 1, 2004 - September 30, 2004) |
|
| (Millions of Yen,%) |
| |
| |
Net sales |
Ordinary income |
Income before income taxes |
Net income |
Previous forecast (A)
(April 30, 2004) |
261,000 |
14,000 |
14,000 |
14,000 |
| Revised forecast (B) |
300,000 |
23,500 |
23,000 |
23,000 |
| Amount of increase/decrease (B-A) |
39,000 |
9,500 |
9,000 |
9,000 |
| Percent increase/decrease |
14.9% |
67.9% |
64.3% |
64.3% |
Results for the six months
ended September 30, 2003 |
175,163 |
(4,437) |
(4,353) |
(4,362)
| |
b. Financial forecast revision for the year ending March 31, 2005 (April 1, 2004 - March 31, 2005)
|
| (Millions of Yen,%) |
| |
Net sales |
Ordinary income |
Income before income taxes |
Net income |
Previous forecast (A)
(April 30, 2004) |
530,000 |
30,000 |
30,000 |
30,000 |
| Revised forecast (B) |
600,000 |
47,000 |
46,500 |
40,000 |
| Amount of increase/decrease (B-A) |
70,000 |
17,000 |
16,500 |
10,000 |
| Percent increase/decrease |
13.2% |
56.7% |
55.0% |
33.3% |
Results for the year ended
March 31, 2004 |
433,708 |
8,294 |
4,357 |
3,778 | Estimate of net income per share for the year ending March 31, 2005: 223.98 yen |
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The Company revised its previous forecast mainly due to increased net sales of the SPE division that surpassed the previous forecast and an expected increase of profits due to increased sales. This is led by an improved investment sentiment of Asian device manufacturers in Japan, Taiwan and Korea.
*Response to the introduction of a global accounting standard
Along with the globalization of accounting standards, there will be a possible promotion of a globally harmonized accounting standard in the near future. Under such circumstances, the Company expects that the importance of work related to complying with these standards will increase. Therefore, the company decided to conduct an advance examination of certain issues, such as the revision of sales basis and an introduction of accounting procedures based on a provision for product warranties. However, a concrete plan to revise the accounting standards and the impact from the revision are yet to be determined. Although the Company will make a financial forecast revision as soon as these variable factors are determined, there is a possibility that net sales and net income of the current fiscal year will be accounted at 100 billion yen less and 35 billion yen less than information provided above respectively.
Note: Contents of the financial forecast is drawn from assumption deemed reasonable based on information currently available, such as domestic and global economic situations, fluctuating rates of currencies, and other variable factors, that have impact on the financial results of the Company.
The assumption may be influenced by market conditions, competitive conditions, introduction of new products and their success and failure, the global condition of the semiconductor industry and other uncertainties. Therefore, actual sales and profit may differ from the information provided above. |
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