Announcement on Financial Forecast Revision
The financial forecast announced on October 31, 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) | 501,000 | 12,500 | 7,000 | 39.07 |
| Revised forecast (B) | 495,000 | 9,500 | 4,500 | 25.11 |
| Change (B-A) | △6,000 | △3,000 | △2,500 | － |
| Change ratio (%) | △1.2 | △24.0 | △35.7 | － |
| Results for the year ended March 31, 2012 | 633,091 | 60,443 | 36,725 | 205.04 |
Reason for financial forecast revision
With regard to net sales, the prior forecast for the core semiconductor production equipment business remains unchanged, but the forecast for the electronic components and computer networks business (handled by Tokyo Electron Device Ltd., a consolidated subsidiary) has been revised downward, making for an overall net sales forecast lower than the previous one. With respect to income, we have implemented thorough cost-cutting efforts in response to the severe business environment, but due to a lower production forecast in the manufacturing subsidiaries of the semiconductor production equipment business than the previous forecast, a relative fixed-cost-burden rise against production cost is anticipated. As a result of that effect and the lower net sales as described above, we expect both operating income and net income figures to fall below the levels seen in the previous announcement. The current business forecasts also reflect the effects of a higher tax burden stemming from changes in the performance of consolidated subsidiaries.
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.
