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Feb 5, 2009 Announcement on Financial Forecast Revision
The financial forecast announced on October 31, 2008 has been revised based on recent business trend as follows.
Reason for revision Due to the expanding impact of the global financial crisis on the real economy, the electronics-related market has also faced a worsening recession. There is a stronger trend among manufacturers of semiconductors or LCD panels to postpone or curb capital investment, so that the business environment is becoming harsher than had been expected. Under such circumstances, net sales, focusing on the semiconductor production equipment segment, are expected to be lower than the previous forecast. In addition, although the Company is striving to improving profitability by taking measures such as reducing fixed costs extensively, profits are expected to be lower than the previous forecast due to unusual or infrequent loss such as the loss on devaluation of investment securities and provision for possible loan loss reserve in addition to the influence of net sales decrease. Taking these circumstances into account, the Company has revised downward the forecast of consolidated financial results for the entire fiscal year announced on October 31, 2008. 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 forecasts. |
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