Announcement regarding the amendment of anticipated performances and the provision of the extraordinary loss
We hereby announce that we amended, considering the recent operation trend, our previous announcement regarding the full-year consolidated performance forecast for the fiscal year (January 1, 2009 to December 31, 2009) made on November 2, 2009 and the non-consolidated performance forecast for the same period made on February 17, 2009. And also we hereby announce that, as we announced on January 28, 2010, we have been evaluating the effect on financial performance which may be caused by the expiration of the materials processing contract and after the close investigation, the extraordinary loss is going to be provided in the full-year consolidated financial results for the fiscal year (January 1, 2009 to December 31, 2009).
Revisions to the expected full-year business performance for the fiscal year
Expected full-year consolidated business performance
(from January 1, 2009 to December 31, 2009)
| Sales | Operating income | Ordinary income | Full-year net profit | Full-year net profit per share(Yen and sen) | |
|---|---|---|---|---|---|
| Expected performance announced last time(A) | 69,000 | 1,500 | 3,400 | 5,300 | 151.26 |
| Expected performance amended this time(B) | 70,360 | 3,010 | 5,420 | 5,450 | 155.54 |
| Increase(B-A) | 1,360 | 1,510 | 2,020 | 150 | - |
| Increase rate (%) | 2.0 | 100.7 | 59.4 | 2.8 | - |
| Reference: Full-year financial results for 2008 fiscal year | 92,602 | 5,652 | 7,872 | 3,565 | 94.77 |
Expected full-year non-consolidated business performance
(from January 1, 2009 to December 31, 2009)
| Sales | Operating income | Ordinary income | Full-year net profit | Full-year net profit per share(Yen and sen) | |
|---|---|---|---|---|---|
| Expected performance announced last time(A) | 44,000 | -1,000 | -300 | -300 | -8.56 |
| Expected performance amended this time(B) | 44,090 | -1,170 | 600 | 110 | 3.14 |
| Increase(B-A) | -210 | -170 | 900 | 410 | - |
| Increase rate (%) | -0.5 | - | - | - | - |
| Reference: Full-year financial results for 2008 fiscal year | 64,953 | 1,765 | 9,786 | 2,129 | 56.59 |
The reasons to amend the expected consolidated performances
The full-year sales is expected to exceed the figures in the announcement which was made, on November 2, 2009, to amend the performance forecast and is expected to be 70,360 Million yen (increase of 2.0% more than the previous announcement). Also it is expected that the operating profits will be 3,010 Million yen (increase of 100.7% more than the previous announcement) and the ordinary profits will be 5,420 Million yen (increase of 59.4% more than the previous announcement) due to the facts that the sales and the product mix improved, and the cost reduction activities for the fourth quarter has contributed more than we expected. The net profits for this fiscal year is expected to be 5,450 Million yen (increase of 2.8% more than the previous announcement) due to the recovery of business operations exceeding our forecast though 1,860 Million yen loss will be provided under the extraordinary loss related to the closure of one of materials processing factories of our subsidiary.
The reasons to amend the expected non-consolidated performance
The sales and the operating losses are expected to be 44,090 Million yen and 1,170 Million yen respectively which are almost the same as we announced previously. The ordinary profits will turn to 600 Million yen surplus from previously announced 300 Million yen loss due to recording of the foreign exchange profit. The net profits also will turn to 110 Million yen surplus from previously announced 300 Million losses.
Provision of the extraordinary loss
As we announced on January 28, 2010, the operation of one of our materials processing factories is scheduled to be scaled down and eventually terminated accompanied with the expiration of the materials processing contract. 1,860 Million yen loss from the production plant closure is expected and such loss is planned to be provided under the extraordinary loss for the fiscal year (January 1, 2009 to December 31, 2009).
There is no amendment to the originally announced annual dividends (100 yen per share).
Contact: Shunroku Nishimura, Managing Director (Tel: +81-47-710-1127)
