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Nov 14, 2006
Revision of FY2007 Financial Forecasts and Dividend Forecasts (ending March 2007)
Based on recent business performance trends and other factors, Tokyo Electron Limited (TEL) has revised its FY2007 financial forecasts (previous forecasts were announced on July 28, 2006) and dividend forecasts (previous forecasts were announced on May 12, 2006) as follows:
1. Consolidated financial forecast revision
Financial forecast revision for the year ending March 31, 2007 (April 1, 2006 - March 31, 2007)
(Millions of yen, %)
| |
Net sales |
Ordinary
income |
Net income |
| Previous forecast (A) (July 28, 2006) |
800,000 |
115,000 |
70,000 |
| Revised forecast (B) |
830,000 |
132,000 |
82,000 |
| Amount of increase/decrease (B-A) |
30,000 |
17,000 |
12,000 |
| Percent increase/decrease |
3.8% |
14.8% |
17.1% |
| Results for the year ended March 31, 2006 |
673,686 |
75,951 |
48,005 |
2. Non-consolidated financial forecast revision
Financial forecast revision for the year ending March 31, 2007 (April 1, 2006 - March 31, 2007)
(Millions of yen, %)
| |
Net sales |
Ordinary
income |
Net income |
| Previous forecast (A) (July 28, 2006) |
670,000 |
62,000 |
40,000 |
| Revised forecast (B) |
700,000 |
70,000 |
45,000 |
| Amount of increase/decrease (B-A) |
30,000 |
8,000 |
5,000 |
| Percent increase/decrease |
4.5% |
12.9% |
12.5% |
Results for the year
ended March 31, 2006 |
572,019 |
44,836 |
29,256 |
Note:
The content of statements concerning financial forecasts are based on certain assumptions judged to be reasonable at the present time in light of information currently available concerning economic conditions in Japan and overseas, fluctuations in exchange rates and other factors that may have an impact on performance.
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 production equipment business. Consequently, actual sales and profits may differ substantially from the projected figures.
[Reason for revision]
Net sales in the semiconductor production equipment division are likely to exceed previous forecasts as a result of higher orders.
3. Dividend forecasts revision
| |
Interim |
Year-end |
Annual |
| Previous forecasts (May 12, 2006) |
32 yen |
40 yen |
72 yen |
| Forecasts revised today |
42 yen |
50 yen |
92 yen |
(Reference)Dividend per share for the previous
fiscal year |
25 yen |
30 yen |
55 yen |
[Reason for revision]
TEL's dividend policy is to link dividend payments to business performance and revenue on an ongoing basis, and its basic policy for returning earnings to shareholders is to maintain a payout ratio for a given year of aroud 20% based on consolidated net income for the year. Therefore, TEL revises forecasts of year-end dividends per share in addition to the consolidated financial forecasts revision as above.
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