Jul 29, 2014

Announcement on Financial Forecast Revision

The financial forecast announced on April 28, 2014 has been revised up based on recent business trend as follows.

Consolidated financial forecast revision for the first six months of the fiscal year ending March 31, 2015 (April 1, 2014 - September 30, 2014)
  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) 278,000 18,000 18,000 11,000 61.38
Revised forecast (B) 290,000 24,500 24,500 15,500 86.49
Change (B-A) 12,000 6,500 6,500 4,500
Change ratio (%) 4.3 36.1 36.1 40.9
Results for the six months ended September 30, 2013 254,500 △1,822 588 2,476 13.82

Reason for financial forecast revision
In the market for semiconductors and associated products, robust demand for mobile devices has stimulated capital investment in facilities among semiconductor manufacturers. In light of this situation, we anticipate cumulative, consolidated sales and income from our semiconductor production equipment operations for the first half of the current fiscal year to exceed previous forecasts, and we have therefore revised the financial forecast for the first half.
Note that due to the timing that the effect of the business combination is realized, we have not yet disclosed earnings forecasts for the full year; but on a group basis our previous forecasts for the second half remain unchanged, with net sales of 307 billion yen and operating income of 48 billion yen.

Note: The financial forecasts and estimates stated in this announcement are based on certain assumptions judged to be reasonable by the Company 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.