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Feb 1, 2002
Financial Forecast Revision
The financial forecast for the year ending March 31, 2002 announced on November 8, 2001 has been revised as follows based on the recent business environment;
Consolidated financial forecast revision
Financial forecast revision for the year ending March 31, 2002
(April 1, 2001 - March 31, 2002)
| (Millions of Yen, %) |
| |
Net sales |
Ordinary income |
Income before income taxes |
Net income |
| Previous forecast |
| (A) |
| (November 8, 2001) | |
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| Amount of increase/decrease |
| (B-A) |
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| Percent increase/decrease |
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| Results for the year |
| ended March 31, 2001 | |
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Non-consolidated financial forecast revision
Financial forecast revision for the year ending March 31, 2002
(April 1, 2001 - March 31, 2002)
| (Millions of Yen, %) |
| |
Net sales |
Ordinary income |
Income before income taxes |
Net income |
| Previous forecast |
| (A) |
| (November 8, 2001) |
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| Amount of increase/decrease |
| (B-A) |
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| Percent increase/decrease |
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| Results for the year |
| ended March 31, 2001 | |
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Reasons for revision
Even with slight signs that U.S. personal consumption hit bottom at the end of last year, the semiconductor market is expected to require additional recovery time due to the magnitude and duration of the global economic downturn.
Under this economic background, company's net sales for the year ending March 31, 2002 are expected to fall short of the previous financial forecast announced in November 2001. In addition to the reduction of net sales, there are expected inventories loss and loss from disposal of inventories. Therefore, the company has decided to revise its financial forecast and will make every possible effort to strengthen its profitability by reinforcing corporate structure.
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