2009
Nov.6, 2009
Minebea Co., Ltd.
Notice Regarding Difference between Earnings Forecast and Actual Results for the Second Quarter of the Fiscal Year Ending March 31, 2010 as well as Revision of Full-Year Earnings Forecast
Minebea Co., Ltd. hereby announces the difference between the earnings forecast for the second quarter of the fiscal year ending March 31, 2010 (April 1, 2009 - September 30, 2009) announced on May 8, 2009 and the actual results for the same period announced today. Based on its recent earnings, Minebea has also revised the full-year non-consolidated earnings forecast as described below.
Difference between the Consolidated Earnings Forecast and Actual Results for the Second Quarter of the Fiscal Year Ending March 31, 2010 (April 1, 2009 through September 30, 2009)
| Net sales | Operating Income | Ordinary Income | Net Income | Net Income per Share |
|
|---|---|---|---|---|---|
| (Millions of yen) | (Millions of yen) | (Millions of yen) | (Millions of yen) | (Yen) | |
| Previous forecast (A) (announced on May 8, 2009) |
96,000 ~105,500 |
1,800 ~3,500 |
600 ~2,200 |
-700 ~800 |
-1.80 ~2.06 |
| Actual results (B) | 109,268 | 2,115 | 1,029 | -364 | -0.94 |
| Difference (B-A) | - | - | - | - | - |
| Difference (%) | - | - | - | - | - |
| (Reference) Results for the six months ended September 30, 2008 | 150,613 | 11,698 | 10,891 | 6,205 | 15.55 |
Difference between the Non-Consolidated Earnings Forecast and Actual Results for the Second Quarter of the Fiscal Year Ending March 31, 2010 (April 1, 2009 through September 30, 2009)
| Net sales | Operating Income | Ordinary Income | Net Income | Net Income per Share |
|
|---|---|---|---|---|---|
| (Millions of yen) | (Millions of yen) | (Millions of yen) | (Millions of yen) | (Yen) | |
| Previous forecast (A) (announced on May 8, 2009) |
71,500 | -950 | 200 | 550 | 1.41 |
| Actual results (B) | 74,798 | -1,969 | 5 | -117 | -0.30 |
| Difference (B-A) | 3,298 | -1,019 | -195 | -667 | - |
| Difference (%) | 4.6 | - | -97.5 | - | - |
| (Reference) Results for the six months ended September 30, 2008 | 103,961 | 1,386 | 3,884 | 2,296 | 5.76 |
Revision of Non-Consolidated Earnings Forecast for the Full-Year of the Fiscal Year ending March 31, 2010 (April 1, 2009 through March 31, 2010)
| Net sales | Operating Income | Ordinary Income | Net Income | Net Income per Share |
|
|---|---|---|---|---|---|
| (Millions of yen) | (Millions of yen) | (Millions of yen) | (Millions of yen) | (Yen) | |
| Previous forecast (A) (announced on May 8, 2009) |
151,000 | 100 | 3,200 | 2,800 | 7.20 |
| Revised forecast (B) | 155,000 | -1,000 | 3,700 | 2,800 | 7.20 |
| Difference (B-A) | 4,000 | -1,100 | 500 | 0 | - |
| Difference (%) | 2.6 | - | 15.6 | 0.0 | - |
| (Reference) Results for the fiscal year ended March 31, 2009 | 175,066 | -386 | 8,627 | 3,770 | 9.55 |
Reasons for the Revision
- (1) Difference between the Consolidated Earnings Forecast and Actual Results for the Second Quarter of the Fiscal Year Ending March 31, 2010
- Due to uncertainties over the global economy which had made it difficult to accurately project earnings, figures for the consolidated earnings forecast for the second quarter of the fiscal year ending March 31, 2010 were released in the range of maximum and minimum levels. Now that the figures for the actual results have become available, we have included them in this statement.
- (2) Difference between the Non-Consolidated Earnings Forecast and Actual Results for the Second Quarter of the Fiscal Year Ending March 31, 2010
- Income fell below our previous forecast since the increase in production cost as a result of a drastic production cut at the end of last fiscal year continued to have an adverse effect during the first half of this fiscal year.
- (3) Revision of Forecast for the Full-Year of the Fiscal Year ending March 31, 2010 Non-Consolidated Earnings
- Operating income is expected to remain at the initially forecasted level during the second half of this fiscal year thanks to the decrease in production cost. However, we do not expect that this will be sufficient enough to offset the negative impact we saw during the first half of this fiscal year, and therefore have revised our full-year forecast. Ordinary income and net income will remain at the levels predicted in the previous forecast because of dividends from affiliates.
Note: The above forecast is based on information available as of the date of this announcement. Actual results may differ from the forecast due to various unforeseen factors in the future.
| Company Name: | Minebea Co., Ltd. |
|---|---|
| Representative: | Yoshihisa Kainuma Representative Director, President and Chief Executive Officer (Code No. 6479 TSE Div. No. 1) |
| Contact Person: | Sakae Yashiro Senior Managing Executive Officer Officer in charge of Finance & Administration Division (TEL: 81-3-5434-8611) |
Information in the press releases is current on the date of the announcement.
Product information, contact and other context are subject to change without prior notice.
Product information, contact and other context are subject to change without prior notice.
