March 9, 2000

Revision of Business Forecast on a Consolidated Basis


1.The previous business forecast on a consolidated basis (announced on October 27, 1999) concerning the fiscal year ending March 31, 2000 is revised as follows.


Unit Sales Ordinary income Net income
Previous forecast(A) In millions of yen 140,300 3,300 1,600
Revised forecast(B) In millions of yen 138,000 2,350 800
Difference(B)-(A) In millions of yen -2,300 -950 -800
Percentage change % -1.6 -28.8 -50.0


Results of the previous fiscal year ended March 31, 1999
(In millions of yen)
  Sales Ordinary income Net income
Full year 133,763 1,173 -1,805


2. The reasons which led to this revision include that:

sluggishness in sales of power supply equipment; exchange loss occurred due to a strong yen; revaluation loss on marketing securities; these are on non-consolidated basis, and a recovery of the business results of Allegro MicroSystems, Inc., consolidated subsidiary in the US, is slower than expected.


Reference:

The business forecast on a non-consolidated basis fiscal year ending March 31, 2000
Sales113,900 millions of yen
Ordinary income  3,300 millions of yen
Net income2,100 millions of yen
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