2010
Apr.22, 2010
Minebea Co., Ltd.
Notice regarding Revision of Full Year Earnings Forecasts
Based on its recent earnings, Minebea Co., Ltd. ("Minebea") revises the full-year earnings forecasts for the fiscal year ended March 31, 2010 (April 1, 2009 - March 31, 2010) announced on November 6, 2009 as follows:
1. Revision of Non-Consolidated Full Year Earnings Forecasts (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 November 6, 2009) |
155,000 | -1,000 | 3,700 | 2,800 | 7.20 |
| Revised forecast (B) | 158,000 | 500 | 6,700 | 5,200 | 13.43 |
| Difference (B-A) | 3,000 | 1,500 | 3,000 | 2,400 | - |
| Difference (%) | 1.9 | - | 81.1 | 85.7 | - |
| (Reference) Results for the fiscal year ended March 31, 2009 | 175,066 | -386 | 8,627 | 3,770 | 9.55 |
2. Reasons for revision
Minebea revises its non-consolidated earnings forecasts for the fiscal year ended March 31, 2010 as above, because a significant earnings improvement is expected due to a strong earnings recovery in its Machined Components business and concurrently the driving of cost cutting efforts, etc. as a result of overseas improved economic conditions mainly in China and other Asian countries.
Consolidated full-year earnings forecasts are as follows.
| 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 February 2, 2010) |
225,000 | 11,000 | 9,000 | 5,500 | 14.17 |
| Revised forecast (B) | 228,400 | 12,000 | 10,000 | 6,600 | 17.04 |
| Difference (B-A) | 3,400 | 1,000 | 1,000 | 1,100 | - |
| Difference (%) | 1.5 | 9.1 | 11.1 | 20.0 | - |
| (Reference) Results for the fiscal year ended March 31, 2009 | 256,163 | 13,406 | 11,555 | 2,441 | 6.18 |
Consolidated full-year earnings forecasts for the fiscal year ended March 31, 2010 are expected to exceed the consolidated full-year earnings forecasts which were announced on February 2, 2010, because of a strong earnings recovery particularly in the Machined Components business.
(Note) The above business performance has been predicted by referring to information available at the time of the release of this document. The actual results may differ from the predicted figures due to a variety of factors that may be observed in the days ahead.
| Company Name: | Minebea Co., Ltd. |
|---|---|
| Representative: | Yoshihisa Kainuma Representative Director, President and Chief Executive Officer (Code No. 6479, TSE Div. No.1) |
| Contact: | Sakae Yashiro Senior Managing Executive Officer Officer in charge of Finance & Administration Division |
| Tel: | +81-(0)3-5434-8611 |
Product information, contact and other context are subject to change without prior notice.
