Announcement of the Amendments to Business Performance
Mabuchi Motor Co., Ltd. hereby announces that it has amended the expected consolidated business performance of 2 consecutive quarters (from January 1, 2009 to June 30, 2009) and of full-year for the fiscal year (from January 1, 2009 to December 31, 2009), which had been announced on February 17, 2009 as follows:
Amendments to the expected full-year business performance for the fiscal year (from January 1, 2009 to December 31, 2009)
Expected business performance of 2 consecutive quarters (from January 1, 2009 to June 30, 2009)
| Net sales | Operating income | Ordinary income | Net income | Net income per share(Yen and sen) | |
|---|---|---|---|---|---|
| Expected performance announced last time(A) | 28,500 | -2,500 | -1,800 | -2,000 | -57.08 |
| Expected performance amended this time(B) | 28,500 | -2,500 | -1,800 | 1,400 | 39.95 |
| Increase(B-A) | - | - | - | 3,400 | - |
| Increase rate (%) | - | - | - | - | - |
| Reference: Actual results for the corresponding period in 2008 | 48,387 | 4,230 | 5,564 | 3,053 | 80.38 |
Expected full-year consolidated business performance (from January 1, 2009 to December 31, 2009)
| Net sales | Operating income | Ordinary income | Net income | Net income per share(Yen and sen) | |
|---|---|---|---|---|---|
| Expected performance announced last time(A) | 65,000 | -1,500 | -200 | -500 | -14.27 |
| Expected performance amended this time(B) | 65,000 | -1,500 | -200 | 2,900 | 82.76 |
| Increase(B-A) | - | - | - | 3,400 | - |
| Increase rate (%) | - | - | - | - | - |
| Reference: Actual results for Previous Year | 92,602 | 5,652 | 7,872 | 3,565 | 94.77 |
Reason for amendments
We have amended as above based on that we have posted the reversal of the provision of 3.4 billion yen of the deferred tax liability in the first quarter of the fiscal year due to the tax law amendment passed the congress on March 27, 2009. They were previously posted to the undivided profit of our overseas consolidated subsidiaries.
This means that we have partially posted the reversal of the provision of the deferred tax liability because dividends received from overseas consolidated subsidiaries have became the subject of exclusion from the gross revenue though they were previously posted, with acceptance that they were taxed in Japan for future dividends to be received from overseas consolidated subsidiaries when preparing the financial statements.
There is no amendment to the expected interim dividend and annual dividend for the fiscal year.
Contact: Shunroku Nishimura, Managing Director, General Manager of Administrative Headquarters (Tel: +81-47-710-1127)
