In view of the recent trend in the Company's business
performance, we hereby revise the forecast announced on May 25, 2000,
with the following changes:
|
| |
| 1. Revision of the non-consolidated financial performance
forecast for the six-month interim period ending September 30, 2000 |
|
(In millions of yen or %)
| |
Net sales |
Ordinary income |
Net income |
| Forecast announced on
May 25, 2000 (=A) |
59,800 |
2,000 |
- 1,800 |
| Revised forecast (= B)
|
62,800 |
2,500 |
- 900 |
| Amount of change (B-A)
|
3,000 |
500 |
900 |
| Percentage increase/decrease
|
5.0 |
25.0 |
50.0 |
| Results of the corresponding
period in the previous year |
55,935 |
1,445 |
1,165 |
|
|
| |
| 2. Revision of the consolidated financial performance
forecast for the six-month interim period ending September 30, 2000 |
|
(In millions of yen or %)
| |
Net sales |
Ordinary income |
Net income |
| Forecast announced on
May 25, 2000 (=A) |
73,100 |
1,900 |
- 3,100 |
| Revised forecast (= B)
|
76,500 |
2,600 |
- 1,500 |
| Amount of change (B-A)
|
3,400 |
700 |
1,600 |
| Percentage increase/decrease
|
4.7 |
36.8 |
51.6 |
| Results of the corresponding
period in the previous year |
- |
- |
- |
|
|
| |
| 3. Revision of the non-consolidated financial performance
forecast for the fiscal year ending March 31, 2001 |
|
(In millions of yen or %)
| |
Net sales |
Ordinary income |
Net income |
| Forecast announced on
May 25, 2000 (=A) |
120,000 |
5,000 |
0 |
| Revised forecast (= B)
|
130,000 |
6,000 |
1,000 |
| Amount of change (B-A)
|
10,000 |
1,000 |
1,000 |
| Percentage increase/decrease
|
8.3 |
20.0 |
- |
| Results of the year ending
March 31, 2000 |
113,919 |
3,522 |
2,227 |
|
|
| |
| 4. Revision of the consolidated financial performance
forecast for the fiscal year ending March 31, 2001 |
|
(In millions of yen or %)
| |
Net sales |
Ordinary income |
Net income |
| Forecast announced on
May 25, 2000 (=A) |
150,000 |
5,900 |
- 1,200 |
| Revised forecast (= B)
|
157,400 |
7,600 |
1,400 |
| Amount of change (B-A)
|
7,400 |
1,700 |
2,600 |
| Percentage increase/decrease
|
4.9 |
28.8 |
- |
| Results of the previous
year ending March 31, 2000 |
136,529 |
2,342 |
803 |
|
|
| |
| |
| 5. Reasons |
The non-consolidated financial performance of the Company
is growing steadily due to brisk business in the semiconductor industry.
Therefore, the Company decided to conduct a lump-sum amortization
of a shortfall in the amount accumulated to meet retirement allowance
obligations (amounting to ¥3,350 million), as initially scheduled,
and also decided to account for an extraordinary loss (amounting to
about ¥1,400 million) incurred by applying market-price accounting
standards to a loss showing on a subsidiary's shares. In addition
to robust business performance, the shortfall in the amount accumulated
to meet retirement allowance obligations was less than predicted,
thereby reducing the net loss for the interim period (ending September
30, 2000), compared to the forecast of fiscal performance made at
the beginning of the period. Also, net income of¥1 billion for
the current fiscal year is predicted.
On a consolidated basis, there has been solid growth in the Company's
subsidiaries, led by the recovery in fiscal performance at Allegro
MicroSystems, Inc., in the United States. Although lump-sum amortization
(amounting to¥5,252 million; consolidated) of retirement allowance
obligations is to be conducted at individual subsidiaries, it has
become apparent that the subsidiaries' results will be stronger than
predicted, both in the interim periods and throughout the year. The
Company therefore wishes to announce the above revisions. |
