Outlook for the FY2008 (1st Quarter Fiscal 2008 Earnings)

We have partially revised the performance projections for the full fiscal year ending March 31, 2008, that it announced on April 27, 2007. While the revised projections take into account the achievement of interim performance figures exceeding the previous projections, the revised projections are also based on the consideration of such negative factors as expectations of a trend toward yen appreciation; concern regarding cost increases associated with surging prices of silver, aluminum, and other principal raw materials; and the projections that the application of revised fixed asset depreciation methods from the second quarter will boost depreciation expenses approximately ¥ ¥28.0 billion compared with the previous fiscal year.


(Reference) Reviced Forecast for FY 2008 ending March 31, 2008 (announced on October 30, 2007)

Forecast for FY2008 Ending March 31, 2008

Billions of yen
  FY2008
Revised Forecast
FY2008
Original Forecast
Change FY2007
Results
Amount %
Revenue 100.0% 2,850.0 100.0% 2,850.0 No data No data 100.0% 2,782.5
Operating Income 7.4% 210.0 7.0% 200.0 +10.0 +5.0 4.1% 113.0
Income before Income Taxes 7.4% 210.0 7.0% 200.0 +10.0 +5.0 3.7% 103.2
Net Income 4.2% 120.0 4.2% 120.0 No data No data 1.2% 34.4
Exchange Rates US$ ¥115 ¥115 No data ¥117
Euro ¥156 ¥145 +¥11 ¥149
Amount of Negative Impact * (40.0) (30.0) (10.0)  
  • * Cost increase due to changes to the depreciation system,“Slim & Strong Drive”
    implementation,fluctuation of exchange rates and raw materials prices,etc.

Consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America.

Archives (FY2008 - FY2005)