Projection for the six months ended June 30, 2001
(Millions of yen)
| Non-consolidated |
Current projection |
Previous projection* |
Change |
| Amount |
(%) |
| Net sales |
35,100 |
39,500 |
- 4,400 |
- 11.1 |
| Ordinary income |
15,800 |
14,500 |
1,300 |
9.0 |
| Net income |
9,800 |
9,500 |
300 |
3.2 |
|
* Announced February 22, 2001
Projection for the six months ended June 30, 2001
(Millions of yen)
| Consolidated |
Current projection |
Previous projection* |
Change |
| Amount |
(%) |
| Net sales |
53,300 |
56,300 |
- 3,000 |
- 5.3 |
| Ordinary income |
15,600 |
15,500 |
100 |
0.6 |
| Net income |
8,900 |
11,000 |
- 2,100 |
- 19.1 |
|
* Announced February 22, 2001
Projection for the year ended December 31, 2001
(Millions of yen)
| Non-consolidated |
Current projection |
Previous projection* |
Change |
| Amount |
(%) |
| Net sales |
70,600 |
79,000 |
- 8,400 |
- 10.6 |
| Ordinary income |
22,600 |
22,500 |
100 |
0.4 |
| Net income |
14,100 |
14,500 |
- 400 |
- 2.8 |
|
* Announced February 22, 2001
Projection for the year ended December 31, 2001
(Millions of yen)
| Consolidated |
Current projection |
Previous projection* |
Change |
| Amount |
(%) |
| Net sales |
108,000 |
118,000 |
- 10,000 |
- 8.5 |
| Ordinary income |
30,600 |
33,500 |
- 2,900 |
- 8.7 |
| Net income |
19,200 |
23,500 |
- 4,300 |
-18.3 |
|
* Announced February 22, 2001
Reason for revison
Non-consolidated
- First half of fiscal year 2001
We anticipate a decrease in non-consolidated net sales by approximately 11% compared with our previous forecast due to deteriorating conditions in domestic and overseas markets. Ordinary income and net income,however,are expected to be increased by approximately 9% and 3%, respectively, due primarily to foreign exchange gains and an increase in dividend income from overseas subsidiaries.
- Fiscal year 2001
Taking into consideration further weakening market conditions in the second half period,net sales are anticipated to decrease by approximately 11% compared with our previous projection. We anticipate a slight increase in ordinary income and a slight decrease in net income if the exchange rate is stable during the second half of this year.
Consolidated
- First half of fiscal year 2001
We expect a slight decrease in consolidated net sales (approximately 5%) due mainly to the depreciated yen regardless of much more decrease in the number of motors sold. Ordinary income is anticipated to slightly increase due to foreign exchange gains resulting from the weakened yen. Net income is expected to decrease by approximately 19% compared with our previous projection due mainly to an evaluation loss in investment securities and deferred tax provision for undistributed earnings in the foreign subsidiaries.
- Fiscal year 2001
We project consolidated net sales of ¥108 billion due to expected further slowdowns in major global markets, which approximates 8.5 % lower than our previous projection of ¥118 billion. As a result of the decrease in consolidated net sales, ordinary income and net income are also expected to be reduced by approximately 9% and 18%, respectively, coupled with the same factors as noted in the first half of this year.
|
