Announcement on Financial Forecast and Dividends Forecast Revision
The financial forecast and dividends forecast announced on August 1, 2011 have been revised based on recent business trend as follows.
1. Financial Forecast Revision
Consolidated financial forecast revision for the year ending March 31, 2012 (April 1, 2011 - March 31, 2012)
Net sales (Millions of yen) |
Operating income (Millions of yen) |
Ordinary income (Millions of yen) |
Net income (Millions of yen) |
Net income per share(yen) |
|
Previous forecast (A) | 640,000 | 50,000 | 52,000 | 34,000 | 189.87 |
Revised forecast (B) | 630,000 | 57,000 | 60,500 | 40,000 | 223.31 |
Change (B-A) | △10,000 | 7,000 | 8,500 | 6,000 | - |
Change ratio (%) | △1.6 | 14.0 | 16.3 | 17.6 | - |
Results for the year ended March 31, 2011 | 668,722 | 97,870 | 101,919 | 71,924 | 401.73 |
Reason for revision
There is no change to the sales forecast for semiconductor production equipment segment, our main business, the previous forecasts concerning sales in the FPD/PV production equipment segment and the electronic components and computer networks segment were revised downward slightly. Also, income is expected to improve as a result of measures to maintain and strengthen product competitiveness and to cut costs. Accordingly, the consolidated financial forecast for the entire fiscal year announced on August 1, 2011 was revised.
Note: The content of the financial forecast as described in this financial statement is based on certain reasonable assumptions, drawing on the information currently available such as the economic situation in Japan and throughout the world and other variable factors that have impact on the financial results of the Company.
These assumptions may be influenced by market conditions, competitive conditions, the introduction of new products and their success or failure, the global condition of the semiconductor industry and other uncertainties. Therefore, actual sales and profit may differ significantly from the forecast.
These assumptions may be influenced by market conditions, competitive conditions, the introduction of new products and their success or failure, the global condition of the semiconductor industry and other uncertainties. Therefore, actual sales and profit may differ significantly from the forecast.
2. Dividends Forecast Revision
Dividend per share | |||||
(Yen) | 1Q-end | 2Q-end | 3Q-end | Year-end | Total |
Previous forecast (August 1, 2011) |
- | 45.00 | - | 22.00 | 67.00 |
Revised forecast | - | - | - | 27.00 | 80.00 |
Results for the year ending March 31, 2012 | - | 53.0 | - | - | - |
Results for the year ended March 31, 2011 | - | 38.00 | - | 76.00 | 114.00 |
Reason for revision
The dividend policy of the Company is to link dividend payments to business performance and earnings on an ongoing basis. Its basic policy for returning profits to shareholders is to maintain a payout ratio of around 35% based on consolidated net income. Therefore, in conjunction with the upward revision of the consolidated financial forecast for the year ending March 31, 2012, we have revised the dividend per share payable at the year-end as above.