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 April 27, 2009 as follows:
Amendments to the expected full-year business performance for the fiscal year
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 | 1,400 | 39.95 |
| Expected performance amended this time(B) | 29,140 | -1,450 | 60 | 2,720 | 77.63 |
| Increase(B-A) | 640 | 1,050 | 1,860 | 1,320 | - |
| Increase rate (%) | 2.2 | - | - | 94.3 | - |
| 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 | 2,900 | 82.76 |
| Expected performance amended this time(B) | 66,000 | 0 | 1,900 | 3,800 | 108.45 |
| Increase(B-A) | 1,000 | 1,500 | 2,100 | 900 | - |
| Increase rate (%) | 1.5 | - | - | 31.0 | - |
| Reference: Actual results for Previous Year | 92,602 | 5,652 | 7,872 | 3,565 | 94.77 |
Reason for amendments
Sales through 2nd Quarter will be achieved the expectation as we announced on April 27, 2009.
We expected increase of fixed costs due to significant downturn of sales and production at the beginning of the fiscal year 2009; however, the operating loss will be decreased against the expectation since cost cut activities are in progress such as labor cost optimization at the production subsidiaries.
In addition to the cost cut activities, exchange-rate gain is added as non-operating expense since the exchange rate of 2nd Quarter was lower than the expectation of exchange rate, a 90 yen to the dollar.
Above all, we amend the expectation of 2nd Quarter business performance announced on April 27, 2009.
Moreover, the expected full-year consolidated business performance is also amended this time including the above mentioned expected 2Q business performance amendment.
Contact: Shunroku Nishimura, Managing Director, General Manager of Administrative Headquarters (Tel: +81-47-710-1127)
