2011
Nov.2, 2011
Minebea Co., Ltd.
Notice regarding Differences between Forecast and Actual Consolidated Earnings for Six Months Ended September 30, 2011 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, 2011 (announced on May 10, 2011) 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, 2011 (From April 1, 2011 to September 30, 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 10, 2011) |
123,000 ~135,000 |
8,100 ~9,700 |
7,100 ~8,700 |
3,300 ~4,400 |
8.62 ~11.50 |
| Actual Results (B) | 132,448 | 6,052 | 5,032 | 2,769 | 7.30 |
| Difference (B-A) *1 | - | -2,048 | -2,068 | -531 | - |
| Difference (%) *1 | - | -25.3 | -29.1 | -16.1 | - |
| (Reference) Results for the six months ended Sept. 30, 2010 | 137,695 | 12,371 | 11,536 | 7,317 | 19.15 |
- *1 Changes within the scope of the range are negative changes, and changes outside the scope of the range are those from the upper limits or the lower limits.
Revision of Consolidated Earnings Forecasts for Year Ending March 31, 2012 (From April 1, 2011 to March 31, 2012)
| 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 10, 2011) |
260,000 ~285,000 |
21,000 ~24,500 |
19,000 ~22,500 |
11,000 ~13,000 |
28.75 ~33.97 |
| Revised forecast (B) | 263,000 | 12,000 | 10,000 | 5,000 | 13.20 |
| Difference (B-A) *2 | -9,500 | -10,750 | -10,750 | -7,000 | - |
| Difference (%) *2 | -3.5 | -47.3 | -51.8 | -58.3 | - |
| (Reference) Results for the fiscal year ended March 31, 2011 | 269,139 | 22,163 | 20,364 | 12,465 | 32.61 |
- *2 Changes from the median values within the range.
Reasons for difference and revision
(1) Reason for the difference
Regarding its consolidated earnings forecasts for the six months ended September 30, 2011, the Company disclosed those forecasts in range format because it was difficult to predict them accurately due to uncertainty in the global economy and the impact from the Great East Japan Earthquake. The Company now has actual results, and announces them as above. The reasons for the difference are mainly increases in raw materials prices and the impact of the appreciation of the yen.
(2) Reasons for the revision
Regarding its full-year consolidated earnings forecasts for the fiscal year ending March 31, 2012, the Company is reviewing the impact from the large October floods in Thailand on its business results to the extent possible.
(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: | Hiromi Yoda Executive Officer In charge of Accounting dept., Finance & Administration Division |
| Tel: | +81-(0)3-5434-8611 |
Product information, contact and other context are subject to change without prior notice.
