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MABUCHI MOTOR CO., LTD has revised the initial forecast (announced on February 17, 2006.) of Consolidated performance and cash dividends for the six mouths ending June 30, 2006 and the Year Ending December 31, 2006 as follows.
Revision to the Semi-annual Consolidated Performance
for the Six Months Ending June 30, 2006
(Millions of yen)
|
Net Sales |
Ordinary Income |
Net Income |
| Previous Forecast (A) |
45,000 |
4,200 |
2,800 |
| Revised Forecast (B) |
47,500 |
5,500 |
3,600 |
| Change (B-A) |
2,500 |
1,300 |
800 |
| Percentage Change(%) |
5.6 |
31.0 |
28.6 |
| Reference: Actual results for the corresponding period |
44,406 |
6,783 |
4,156 |
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Revision to the Consolidated Performance for the Year Ending December 31, 2006
(Millions of Yen)
|
Net sales |
Ordinary Income |
Net Income |
| Previous Forecast (A) |
93,000 |
9,600 |
6,300 |
| Revised Forecast (B) |
95,000 |
10,000 |
6,500 |
| Change (B-A) |
2,000 |
400 |
200 |
| Percentage Change(%) |
2.2 |
4.2 |
3.2 |
| Reference: Actual results for Previous Year |
93,927 |
13,250 |
7,350 |
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(Reference) Projected annual net income per share : 163.58 yen
Revision of the Forecast for Cash Dividends for the Year Ending December 31, 2006
(in Yen)
|
Semi-annual |
Year-end |
Annual |
| Previous Forecast |
46.00 |
46.00 |
92.00 |
| Revised Forecast |
46.00 |
47.00 |
93.00 |
| Reference: Results for Previous Year |
42.00 |
50.00 |
92.00 |
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The Reasons to Revise the Consolidated Results
(1) The semi-annual consolidated results for the six months ending June 30, 2006
The sales for the first quarter exceeded our expectations both for volumes and amounts, by 6.2% and 11.5% each influenced by the unexpected increase of sales of motors for DVD Video and the low yen rate.
Meanwhile, we expect the sales during the second quarter will be the same as we previously announced and we expect the sales at the semi-annual will increase 5.6% than the previously announced forecast.
The exchange rate for the first quarter was 116.94 yen per dollar. The previously announced exchange rate forecast and the exchange rate used for the second quarter forecast is 110.00 yen per share.
We expect the cost percentage will be improved through the increase of profits coming from the increase of the sales volume and the improvement of fixed cost charges by the increase of the rate of capacity utilization offsetting the more than expected escalation of copper price.
We expect the nonoperating income will be the same as previously announced and the ordinary income will increase 31.0% compared with our previously announced forecast. We are not anticipating the exchange gain and loss.
(2) The consolidated results for the fiscal year ending December 31, 2006
The sales forecast for the first half of the year is as described in the above. We expect the sales for the second half of the year will decrease 1.0% compared with the previously announce forecast due to the sales decline in the audio and visual market.
Thus the sales for the year will increase 2.2% compared with our previously announced forecast.
The cost of goods sold for the second half of the year will somewhat increase due to the escalation of copper price, the increase of the cost of labor, the increase of the fixed cost charges due to the decline of the rate of capacity utilization and the deterioration of cost rate due to the model mix change.
We expect the operating income will somewhat increase compared with our previously announced forecast.
We expect the nonoperating income will be the same as previously announced and the ordinary income will increase 4.2% compared with our previously announced forecast. We are not anticipating the exchange gain and loss.
The Reasons to Revise Cash Dividends for the Year Ending December 31, 2006.
It has been our dividend policy to pay special dividend per share calculated by dividing 20% of consolidated net income by the applicable number of outstanding shares in addition to the ordinary dividend of 60 yen per share, which is the long-lasting stable dividend. Thus we hereby revise the cash dividends forecast for 2006 resulting from the revision of the consolidated net income forecast as explained above.
Inquiries: Shunroku Nishimura, Director, Administrative Headquarters (Tel: +81-47-710-1127)
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