2014
Feb.4, 2014
Minebea Co., Ltd.
Notice regarding Revisions to the Full-Year Consolidated Business and Dividend Forecasts for the Fiscal Year ending March 31, 2014
Minebea Co., Ltd. announced today that it has revised the full-year consolidated business forecast announced on November 1, 2013 for the fiscal year ending March 31, 2014 (from April 1, 2013 to March 31, 2014) and also has revised dividend forecast for the same period as outlined below, in light of recent business conditions.
1. Revisions to Full-Year Consolidated Business Forecast
(1) Revisions to Full-Year Consolidated Business Forecast for the Year Ending March 31, 2014 (from April 1, 2013 to March 31, 2014)
| 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 1, 2013) |
360,000 | 27,000 | 24,500 | 17,000 | 45.56 |
| Revised forecast (B) | 370,000 | 30,000 | 26,500 | 19,000 | 50.91 |
| Difference (B-A) | 10,000 | 3,000 | 2,000 | 2,000 | - |
| Difference (%) | 2.8 | 11.1 | 8.2 | 11.8 | - |
| (Reference) Results for the fiscal year ended March 31, 2013 | 282,409 | 10,169 | 7,673 | 1,804 | 4.83 |
(2) Reasons for Revisions
The full-year consolidated business forecast for the fiscal year ending March 31, 2014 has been revised as far as it is predictable at the present time in light of significantly improved consolidated results of operations for the third quarter of this fiscal year as exemplified by the record-high net sales and net income for the quarter, further improvement of overall performances together with the current forecast of steady and brisk trend of business operations in and after the fourth quarter.
2. Revisions to Dividend Forecast
(1) Details of the Revisions
| Annual dividend | |||
|---|---|---|---|
| End of second quarter | Year-end | For the year | |
| Previous forecast (announced on November 1, 2013) |
- | 4.00 yen | 7.00 yen |
| Revised forecast | - | 5.00 yen | 8.00 yen |
| Results | 3.00 yen | - | - |
| Results for the fiscal year ended March 31, 2013 | 3.00 yen | 4.00 yen | 7.00 yen |
(2) Reasons for Revisions
Our dividend policy is to consider financial affairs and management environments from a comprehensive standpoint and to maintain stable profit sharing on an ongoing basis with the primary focus on the efficiency improvement of shareholders' equity and the better distribution of profits to shareholders with a view to achieving shareholder returns at a level that better reflects actual business performances as its basic policy.
Based on the basic policy mentioned above and in light of considerably improved results of operations forecast for the current fiscal year, we have concluded to revise the year-end dividend to 5 yen per share (annual dividend of 8 yen per share) by increasing such dividend by 1 yen per share with the aim of responding to your continued support as shareholders.
(Note) The business forecasts contained in this press release are made based on the information available as of the date of the announcement. The actual results may differ from the forecasts due to a variety of factors in the days to come.
| 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 Managing Executive Officer, Deputy Officer in Charge of Administration, Accounting, and IT Division |
| Tel: | +81-(0)3-6758-6711 |
Product information, contact and other context are subject to change without prior notice.
