Announcement of the Amendments to Business Performance
Mabuchi Motor Co., Ltd. hereby announces that it has amended the expected full-year consolidated business performance for the previous fiscal year (from January 1, 2008 to December 31, 2008), which had been announced on November 6, 2008, and that at the same time it has also amended the expected full-year non-consolidated business performance for the previous fiscal year (from January 1, 2008 to December 31, 2008), which had been announced on August 14, 2008, based on the recent performance trends, as follows:
Amendments to the expected full-year business performance for the previous fiscal year (from January 1, 2008 to December 31, 2008)
Expected full-year consolidated business performance
| Sales | Operating income | Ordinary income | Full-year net profit | Full-year net profit per share(Yen and sen) | |
|---|---|---|---|---|---|
| Expected performance announced last time(A) | 96,000 | 6,300 | 9,600 | 5,500 | 148.48 |
| Expected performance amended this time(B) | 92,600 | 5,650 | 7,870 | 3,770 | 100.21 |
| Increase(B-A) | -3,400 | -650 | -1,730 | -1,730 | - |
| Increase rate (%) | -3.5 | -10.3 | -18.0 | -31.5 | - |
| (Reference) Full-year financial results for 2007 fiscal year | 107,640 | 11,685 | 16,736 | 10,914 | 280.90 |
Expected full-year non-consolidated business performance
| Sales | Operating income | Ordinary income | Full-year net profit | Full-year net profit per share(Yen and sen) | |
|---|---|---|---|---|---|
| Expected performance announced last time(A) | 70,200 | 3,700 | 12,300 | 8,100 | 215.18 |
| Expected performance amended this time(B) | 64,950 | 1,760 | 9,780 | 2,340 | 62.20 |
| Increase(B-A) | -5,250 | -1,940 | -2,520 | -5,760 | - |
| Increase rate (%) | -7.5 | -52.4 | -20.5 | -71.1 | - |
| (Reference) Full-year financial results for 2007 fiscal year | 75,643 | 3,924 | 16,145 | 11,587 | 298.21 |
Reason for amendments
Due to the occurrences such as the worsening of product supply-demand relations caused by worldwide rapid economic slowdown from the second half of the year, the exchange-rate loss caused by progression of strong yen and the loss from revaluation of securities caused by stock market slump, which have been seen after announcing the expected business performance last time, we expect that the full-year business performance for the previous fiscal year (from January 1, 2008 to December 31, 2008) would fall short of the expectations. Therefore, we hereby amend the previously announced expected full-year consolidated business performance (announced on November 6, 2008) and the previously expected full-year non-consolidated business performance (announced on August 14, 2008).
The expected full-year consolidated business performance amended this time includes, in addition to the sales decrease, 1.5 billion yen exchange-rate loss (0.4 billion yen for the third quarter result) as non-operating expense, 2.4 billion yen loss from write-down of securities (1.7 billion yen for the third quarter result) as extraordinary loss, 1.7 billion yen compensation paid to a specific customer due to an unexpected quality problem (0.9 billion yen for the third quarter), and the like.
The expected full-year non-consolidated business performance amended this time includes, like the above mentioned expected full-year consolidated business performance, such as the influence of the rapid decrease of sales at the second half of the year, 0.7 billion yen exchange-rate loss (90 million yen for the interim result), 2.4 billion yen loss from write-down of securities (0.8 billion yen for the interim result), 1.7 billion yen compensation payment (0.9 billion yen for the interim result), and 3.1 billion yen revaluation loss for investments in affiliated companies.
We are planning to announce defined values of our 2008 full-year business performance on February 17, 2009.
Contact: Shunroku Nishimura, Managing Director, General Manager of Administrative Headquarters (Tel: +81-47-710-1127)
