In view of recent trends in business results, Sanken Electric Co., Ltd. has revised its forecast for both the 1st half period ending September 30, 2001 and the full fiscal year ending March 31, 2002, which was announced in the May 24 statement of accounts, as follows.
1.Revised forecast of consolidated financial performance
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(1) Forecast of consolidated financial performance for the 1st half period (April 1, 2001 to September 30, 2001)
| |
Net sales |
Ordinary income |
Net income |
| Previously announced forecast (A) |
75,000 |
3,300 |
1,600 |
| Revised forecast (B) |
72,300 |
2,200 |
0 |
| Amount of increase or decrease (B-A) |
- 2,700 |
- 1,100 |
- 1,600 |
| Ratie of increase or decrease ( % ) |
- 3.6 |
- 33.3 |
- |
Reference:
Results from the previous 1st half period
(the 1st half period ending September 30, 2000) |
74,934 |
2,318 |
- 1,666 |
(Unit: Millions of yen)
|
(2) Forecast of consolidated financial performance for the full fiscal year (April 1, 2001 to March 31, 2002)
| |
Net sales |
Ordinary income |
Net income |
| Previously announced forecast (A) |
159,000 |
7,700 |
4,000 |
| Revised forecast (B) |
145,000 |
4,700 |
1,400 |
| Amount of increase or decrease (B-A) |
- 14,000 |
- 3,000 |
- 2,600 |
| Ratie of increase or decrease ( % ) |
- 8.8 |
- 39.0 |
- 65.0 |
Reference:
Results from the previous fiscal year
(year ending March 31, 2001) |
158,710 |
7,585 |
1,294 |
(Unit: Millions of yen)
|
| 2.Revised forecast of non-consolidated financial performance |
(1) Forecast of non-consolidated financial performance for the 1st half period (April 1, 2001 to September 30, 2001)
| |
Net sales |
Ordinary income |
Net income |
| Previously announced forecast (A) |
63,000 |
3,000 |
1,500 |
| Revised forecast (B) |
58,000 |
1,600 |
- 400 |
| Amount of increase or decrease (B-A) |
- 5,000 |
- 1,400 |
- 1,900 |
| Ratie of increase or decrease ( % ) |
- 7.9 |
- 46.7 |
- |
Reference:
Results from the previous 1st half period
(the 1st half period ending September 30, 2000) |
62,678 |
2,419 |
- 812 |
(Unit: Millions of yen)
|
(2) Forecast of non-consolidated financial performance for the full fiscal year (April 1, 2001 to March 31, 2002)
| |
Net sales |
Ordinary income |
Net income |
| Previously announced forecast (A) |
128,000 |
6,400 |
3,500 |
| Revised forecast (B) |
118,000 |
3,600 |
600 |
| Amount of increase or decrease (B-A) |
- 10,000 |
- 2,800 |
- 2,900 |
| Ratie of increase or decrease ( % ) |
- 7.8 |
- 43.8 |
- 82.9 |
Reference:
Results from the previous fiscal year
(year ending March 31, 2001) |
127,667 |
6,379 |
1,279 |
(Unit: Millions of yen)
|
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As the economic downturn in the United States spreads around the world, demand has declined in the Company's core markets, the markets for AV and OA equipment. In addition, the time required for inventory adjustment is lengthening. We expect this period of adjustment to continue, and at this point do not see the prospect of an economic recovery in the near term.
Under these circumstances, the Company and all of its Group companies have labored hard to raise net sales and earnings. However, we now expect results to be lower than previously predicted and have therefore revised our results forecast as listed above. A devaluation of listed securities at current market value is reflected in the above forecast.
Notes on Forecast of Results
The forecast presented here was prepared on the basis of available facts at this time and assumptions judged to be reasonable. However, many relevant factors are uncertain, including global market conditions, competitive conditions, the introduction of new products and their success or failure, exchange-rate fluctuations and the impact of adoption of market-value accounting. Actual results may differ from the predicted results presented herein.
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