Oct 31, 2012

Announcement on Financial Forecast Revision

The financial forecast announced on July 30, 2012 has been revised based on recent business trend as follows.

Consolidated financial forecast revision for the year ending March 31, 2013 (April 1, 2012 - March 31, 2013)
  Net sales
(Millions of yen)
Operating income
(Millions of yen)
Net income
(Millions of yen)
Net income
per share(Yen)
Previous forecast (A) 530,000 20,000 14,000 78.14
Revised forecast (B) 501,000 12,500 7,000 39.07
Change (B-A) △29,000 △7,500 △7,000
Change ratio (%) △5.5 △37.5 △50.0
Results for the year ended March 31, 2012 633,091 60,443 36,725 205.04

Reason for financial forecast revision
Because of uncertain prospects for the global economy, it appears that somewhat more time will be required for a full-fledged recovery in capital investment by semiconductor manufacturers. As a result, orders in the semiconductor production equipment segment, our main business, are currently weak and sales are expected to fall short of the previous prediction. Accordingly, we have revised the previous consolidated forecasts for the full fiscal year released on July 30, 2012.

Note:The financial forecasts and estimates stated in this announcement are based on certain assumptions judged to be reasonable by the TEL Group in light of information currently available concerning economic conditions in Japan and overseas, fluctuations in foreign exchange rates, and other factors that may have an impact on performance. The company does not promise that the forecasts or estimates will be accurate.
They are therefore susceptible to the impact of many uncertainties, including market conditions, competition, the launching of new products (and their success or failure), and global conditions in the semiconductor related industry. Consequently, actual sales and profits may differ substantially from the projections stated in this announcement.