2010
Nov.2, 2010
Minebea Co., Ltd.
Notice regarding Differences between Forecast and Actual Consolidated Earnings for Six Months Ended September 30, 2010 and Revisions to Consolidated Earnings Forecasts for Full Year
Minebea Co., Ltd. hereby announces the following differences between its consolidated earnings forecasts for the six months ended September 30, 2010 (announced on May 7, 2010) and the actual consolidated earnings released today. In addition, reflecting its recent earnings trends, the Company also revises its consolidated earnings forecasts for the full year.
Differences between Forecast and Actual Consolidated Earnings for Six Months Ended September 30, 2010 (From April 1, 2010 to September 30, 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 7, 2010) |
129,000 | 10,900 | 9,900 | 4,700 | 12.31 |
| Actual Results (B) | 137,695 | 12,371 | 11,536 | 7,317 | 19.15 |
| Difference (B-A) | 8,695 | 1,471 | 1,636 | 2,617 | - |
| Difference (%) | 6.7 | 13.5 | 16.5 | 55.7 | - |
| (Reference) Results for the six months ended Sept. 30, 2009 | 109,268 | 2,115 | 1,029 | -364 | -0.94 |
Revision of Consolidated Earnings Forecasts for Year Ending March 31, 2011 (From April 1, 2010 to March 31, 2011)
| 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 7, 2010) |
265,000 | 23,500 | 21,500 | 12,500 | 32.73 |
| Revised forecast (B) | 274,000 | 25,000 | 23,100 | 13,500 | 35.32 |
| Difference (B-A) | 9,000 | 1,500 | 1,600 | 1,000 | - |
| Difference (%) | 3.4 | 6.4 | 7.4 | 8.0 | - |
| (Reference) Results for the fiscal year ended March 31, 2010 | 228,446 | 12,059 | 10,203 | 6,662 | 17.20 |
Reasons for difference and revision
Due to the strong earnings on Machined Components business, the result has exceeded the initially announced earnings forecasts (net income) for the first half of the year. With this result, the Company has made a review of its earnings forecasts for the full year.
(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.
