January 27, 2005
Announcement of The Revised Business Forecast
Revision of Business forecast for the fiscal year ending March 31, 2005 (from April 1, 2004 to March 31, 2005)
|Consolidated basis:||(Millions of yen)|
|Non-Consolidated basis:||(Millions of yen)|
< Reasons for Revision >
Since the Olympic Games last summer, sales of ICs, CCFLs and unit products have declined in the domestic market, affected by production and parts inventory adjustments in connection with a decrease in demand for digital home appliances, while sales of products for Allegro's mobile phones have decreased to a large extent in overseas markets. As a result, both orders and sales underwent a low frequency transition.
As for the fourth quarter (Jan. to Mar.), an upturn in orders can be expected in the new fiscal year. However, the rapid recovery of sales may not be anticipated because of a reduction in the value of overseas sales resulting from appreciation of the Yen.
In addition, we forecast that our business results will be lower than the forecasted results which we had already officially announced, as we will report an extraordinary loss of 2,304 million yen in the individual income statement ending March 31, 2005 in connection with the impairment of stock of Sanken Power Systems (UK) Limited. For the above reasons, we have revised our forecast as stated above.
|Note for the use of our forecasted business results
The forecast described above is based upon information available as of the present time and assumptions we considered valid. Please be advised that there is a host of uncertain factors that could greatly impact actual performance, including global market conditions, competitive environment, the introduction of new products and their acceptance or lack thereof, fluctuations in foreign exchange rates, and the impact of fair-market-value accounting.