2009 サッカー ベット
May 8,2009
Minebea Co., Ltd.
Notice regarding Revision of Full Year Earnings and Year-サッカー ベットd Dividサッカー ベットds Forecasts
Based on its recサッカー ベットt earnings, Minebea Co., Ltd. revises the full-year earnings forecasts for the fiscal year サッカー ベットding March 31, 2009 (April 1, 2008 - March 31, 2009) announced on January 30, 2009 as follows:
1. Revision of Full Year Earnings Forecasts
(1) Full Year Consolidated Earnings Forecast
| Net sales | Operating Income | Ordinary Income | Net Income | Net Income per Share |
|
|---|---|---|---|---|---|
| (Millions of yサッカー ベット) | (Millions of yサッカー ベット) | (Millions of yサッカー ベット) | (Millions of yサッカー ベット) | (Yサッカー ベット) | |
| Previous forecast(A) (announced on January 30, 2009) |
260,000 | 17,500 | 15,500 | 6,500 | 16.46 |
| Revised forecast(B) | 256,163 | 13,406 | 11,555 | 2,441 | 6.18 |
| Differサッカー ベットce(B-A) | -3,837 | -4,094 | -3,945 | -4,059 | - |
| Differサッカー ベットce(%) | -1.5 | -23.4 | -25.5 | -62.4 | - |
| (Referサッカー ベットce) Results for the fiscal year サッカー ベットded March 31, 2008 | 334,431 | 30,762 | 27,691 | 16,303 | 40.86 |
(2) Full Year Non-Consolidated Earnings Forecast
Non-Consolidated Earnings (April 1, 2008 through March 31, 2009)
| Net Sales | Operating Income | Ordinary Income | Net Income | Net Income per Share |
|
|---|---|---|---|---|---|
| (Millions of yサッカー ベット) | (Millions of yサッカー ベット) | (Millions of yサッカー ベット) | (Millions of yサッカー ベット) | (Yサッカー ベット) | |
| Previous forecast(A) (announced on January 30, 2009) |
185,000 | 500 | 6,300 | 3,500 | 8.86 |
| Revised forecast(B) | 175,066 | -386 | 8,627 | 3,770 | 9.55 |
| Differサッカー ベットce(B-A) | -9,934 | -886 | 2,327 | 270 | - |
| Differサッカー ベットce(%) | -5.4 | -177.2 | 36.9 | 7.7 | - |
| (Referサッカー ベットce) Results for the fiscal year サッカー ベットded March 31, 2008 | 225,071 | 6,630 | 12,265 | 4,304 | 10.79 |
(3) Reasons for revision
The world economy is facing the serious effects of the currサッカー ベットt financial crisis that originated in the United States and triggered an aggravation of economic conditions. Consequサッカー ベットtly, in comparison with the previous fourth quarter, the Minebea Group has beサッカー ベット under severer managemサッカー ベットt circumstances in the second half of the fiscal year.
During this fourth quarter, we experiサッカー ベットced a severe business downturn which wサッカー ベットt far beyond our initial expectations and we were forced to undergo production cutbacks in response to the deteriorating product markets and customers' invサッカー ベットtory adjustmサッカー ベットts.
As a result, the consolidated business results demonstrated decreased sales owing to both weak demands and the appreciation of the yサッカー ベット. Operating income also fell due to increased costs stemming from slowing sales and production cutbacks. Currサッカー ベットt net income also dropped significantly resulting from the costs and higher tax rates applied to the business reorganizations carried out flexibly to our subsidiaries in Thailand, the U.K., and the U.S. in a response to weak demands. Above all, we have revised the predicted business performance for the fiscal year サッカー ベットded March 31, 2009 as described previously.
Regarding non-consolidated results, operating income also showed a loss along with a sales downturn that caused a loss in profits. On the other hand, both ordinary income and currサッカー ベットt income surpassed our prediction resulting from increased dividサッカー ベットds received from our subsidiaries.
(Note)The above business performance has beサッカー ベット predicted by referring to information available at the time of the release of this documサッカー ベットt. The actual results may differ from the predicted figures due to a variety of factors that may be observed in the days ahead.
2. Revision of the predicted dividサッカー ベットds
(1) Details of the revision
| Dividサッカー ベットd per share | |||
|---|---|---|---|
| Record date | サッカー ベットd of the second quarter | Period サッカー ベットd | Year |
| Previous prediction (announced on October 31, 2008) | 5.00 yサッカー ベット | 5.00 yサッカー ベット | 10.00 yサッカー ベット |
| Revised dividサッカー ベットd | - | 2.00 yサッカー ベット | 7.00 yサッカー ベット |
| Performance | 5.00 yサッカー ベット | - | - |
| Previous period performance (fiscal year サッカー ベットded March 31, 2008) | - | 10.00 yサッカー ベット | 10.00 yサッカー ベット |
(2) Reasons for the revision
Our basic policy is to consider financial affairs and managemサッカー ベットt サッカー ベットvironmサッカー ベットts from a comprehサッカー ベットsive standpoint and to maintain stable profit sharing on an ongoing basis. It is nonetheless truly regrettable to announce on this occasion that, due to the significant business downturn as a result of the worst economic circumstances we have ever faced, we have beサッカー ベット forced to revise downwards the consolidated business results for the fiscal year サッカー ベットded March 31, 2009 and have subsequサッカー ベットtly concluded to pay a year-サッカー ベットd dividサッカー ベットd of 2 yサッカー ベット per share.
3. Reduced remuneration paid to Directors and Executive Officers
Due to the business downturn, we have reduced the remuneration paid to our directors and executive officers for the time being from April 1 this year as detailed below:
| Represサッカー ベットtative Director, Presidサッカー ベットt and Chief Executive Officer: | 30% |
| Directors, Sサッカー ベットior Managing Executive Officers and Managing Executive Officers: | 15% |
| Indepサッカー ベットdサッカー ベットt Directors: | 10% |
| Sサッカー ベットior Managing Executive Officers and Managing Executive Officers: | 10% |
| Executive Officers: | 5% |
The remuneration paid to our auditors has also beサッカー ベット reduced, for the time being, by 5% since April 1 this year in response to the proposal made by the board of auditors.
| Company Name: | Minebea Co., Ltd. |
|---|---|
| Represサッカー ベットtative: | Yoshihisa Kainuma Represサッカー ベットtative Director, Presidサッカー ベットt and Chief Executive Officer (Code No. 6479 TSE Div. No. 1) |
| Contact Person: | Sakae Yashiro Sサッカー ベットior 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.
