2008
Oct.31, 2008
Minebea Co., Ltd.
Notice regarding Revision of Earnings Forecast
Based on its recent earnings, Minebea Co., Ltd. announces a revision of the forecast announced on May 8, 2008, as described below.
(April 1, 2008 through September 30, 2008)
| 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) | 162,000 | 15,400 | 14,100 | 8,100 | 20.30 |
| Revised forecast (B) | 150,613 | 11,698 | 10,891 | 6,205 | 15.55 |
| Difference (B-A) | -11,387 | -3,702 | -3,209 | -1,895 | - |
| Difference (%) | -7.0 | -24.0 | -22.8 | -23.4 | - |
| (Reference) Results for the six months ended September 30, 2007 | 168,247 | 15,121 | 13,236 | 7,474 | 18.73 |
Revision of Forecast for the Full-Year of the Fiscal Year ending March 31, 2009 Consolidated Earnings
(April 1, 2008 through March 31, 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) | 330,000 | 32,000 | 29,500 | 17,000 | 42.61 |
| Revised forecast (B) | 300,000 | 25,000 | 23,000 | 12,500 | 31.33 |
| Difference (B-A) | -30,000 | -7,000 | -6,500 | -4,500 | - |
| Difference (%) | -9.1 | -21.9 | -22.0 | -26.5 | - |
| (Reference) Results for the fiscal year ended March 31, 2008 | 334,431 | 30,762 | 27,691 | 16,303 | 40.86 |
Revision of Forecast for the Second Quarter of the Fiscal Year ending March 31, 2009 Non-Consolidated Earnings
(April 1, 2008 through September 30, 2008)
| 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) | 104,500 | 2,100 | 4,500 | 2,300 | 5.76 |
| Revised forecast (B) | 103,961 | 1,386 | 3,884 | 2,296 | 5.76 |
| Difference (B-A) | -539 | -714 | -616 | -4 | - |
| Difference (%) | -0.5 | -34.0 | -13.7 | -0.2 | - |
| (Reference) Results for the six months ended September 30, 2007 | 114,833 | 3,367 | 4,461 | -647 | -1.62 |
Revision of Forecast for the Full-Year of the Fiscal Year ending March 31, 2009 Non-Consolidated Earnings
(April 1, 2008 through March 31, 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) | 216,000 | 4,800 | 9,600 | 5,000 | 12.53 |
| Revised forecast (B) | 215,500 | 3,500 | 9,100 | 4,500 | 11.28 |
| Difference (B-A) | -500 | -1,300 | -500 | -500 | - |
| Difference (%) | -0.2 | -27.1 | -5.2 | -10.0 | - |
| (Reference) Results for the fiscal year ended March 31, 2008 | 225,071 | 6,630 | 12,265 | 4,304 | 10.79 |
Reason for the Revision
The economies of Europe, the United States, Japan, Asia, etc. are worsening, principally owing to the worldwide increase in energy/raw material prices and the sub-prime loan problem in the United States. In addition, financial instability originating from the United States occurred in this economic environment. It is feared that the global recession/economic slowdown will be prolonged, owing to the psychological/economic adverse effects on the United States and other countries in the world. The information and telecommunication-related industries, one of our principal markets, is continuing to show weakness in demand. It is difficult for us to predict when the demand will recover, and the recovery may take longer than we expect. From the foregoing situation, we judge that we cannot expect the demand recovery in the second half of the year in the current circumstances, and revise our earnings forecast.
(Note) The above forecast is prepared based on information available as of the date of announcement of this material. Actual results may differ from forecast due to various factors in the future.
Dividends Forecast
Regarding the dividends for the fiscal year ending March 31, 2009, a total of 10 yen per share (5 yen as the interim dividends and 5 yen as the year-end dividends) on a full-year basis is expected, as originally planned.
The interim dividends have been resolved to be paid as stated below at a meeting of Minebea's Board of Directors held today,
| Interim dividends: | 5 yen per share |
|---|---|
| Effective date (Payment commencement date): | Wednesday, December 10, 2008 |
| Company Name: | Minebea Co., Ltd. |
|---|---|
| Representative: | Takayuki Yamagishi Representative Director, President and Chief Executive Officer (Code No. 6479 TSE Div. No. 1) |
| Contact Person: | Sakae Yashiro Senior Managing Executive Officer Deputy Chief of Administration Headquarters (TEL: 81-3-5434-8611) |
Product information, contact and other context are subject to change without prior notice.
