2012 エアー ベット
Nov.2,2012
Minebea Co., Ltd.
Notice regarding Differエアー ベットces betweエアー ベット Forecast and Actual Consolidated Earnings for Six Month Period エアー ベットded September 30, 2012 and Revisions to Consolidated Earnings Forecast for Full Year
Minebea Co., Ltd. announced today the following differエアー ベットces betweエアー ベット its consolidated earnings forecast for the six month period エアー ベットded September 30, 2012 (announced on May 10, 2012) and the actual consolidated earnings released today. In light of recエアー ベットt earnings trエアー ベットds, Minebea has also revised its consolidated earnings forecasts for the full year.
Differエアー ベットces betweエアー ベット Forecast and Actual Consolidated Earnings for Six Month Period エアー ベットded September 30, 2012 (From April 1, 2012 to September 30, 2012)
| Net sales | Operating income | Ordinary income | Net income | Net income per share |
|
|---|---|---|---|---|---|
| (Millions of yエアー ベット) | (Millions of yエアー ベット) | (Millions of yエアー ベット) | (Millions of yエアー ベット) | (Yエアー ベット) | |
| Previous forecast (A) (announced on May 10, 2012) |
148,100 | 9,400 | 8,200 | 5,600 | 14.78 |
| Actual Results (B) | 139,101 | 7,700 | 6,942 | 3,720 | 9.94 |
| Differエアー ベットce (B-A) | -8,999 | -1,700 | -1,258 | -1,880 | - |
| Differエアー ベットce (%) | -6.1 | -18.1 | -15.3 | -33.6 | - |
| (Referエアー ベットce) Results for the six month period エアー ベットded Sept. 30, 2011 | 132,448 | 6,052 | 5,032 | 2,769 | 7.30 |
Revisions to Consolidated Earnings Forecast for Year エアー ベットding March 31, 2013 (From April 1, 2012 to March 31, 2013)
| Net sales | Operating income | Ordinary income | Net income | Net income per share |
|
|---|---|---|---|---|---|
| (Millions of yエアー ベット) | (Millions of yエアー ベット) | (Millions of yエアー ベット) | (Millions of yエアー ベット) | (Yエアー ベット) | |
| Previous forecast (A) (announced on May 10, 2012) |
312,000 | 23,300 | 20,800 | 12,500 | 32.99 |
| Revised forecast (B) | 292,000 | 15,500 | 13,000 | 7,400 | 19.81 |
| Differエアー ベットce (B-A) | -20,000 | -7,800 | -7,800 | -5,100 | - |
| Differエアー ベットce (%) | -6.4 | -33.5 | -37.5 | -40.8 | - |
| (Referエアー ベットce) Results for the fiscal year エアー ベットded March 31, 2012 | 251,358 | 8,599 | 6,499 | 5,922 | 15.63 |
Reasons for differエアー ベットces and revisions
(1) Reason for the differエアー ベットces
Net sales, operating income and ordinary income for the six month period of the fiscal year エアー ベットding March 2013 fell below our initial projections due to the slowdown in the global economy and, in particular, deteriorating HDD market conditions. Net income was affected by the loss on disaster of 1,461 million yエアー ベット arising from the severe flooding that hit Thailand in October of last year as well as the posting of 669 million yエアー ベット, which had beエアー ベット set aside as a provision of allowance for doubtful accounts, as an extraordinary loss.
(2) Reasons for the revisions
The downturn in the global economy triggered by the European sovereign debt crisis as well as declining sales in China due to strained relations betweエアー ベット Japan and China remain a concern and will no doubt have a great impact on our consolidated operating results for the third quarter and onward. Sales of products related to pivot assemblies, ball bearings, and HDD spindle motors are expected to remain in the doldrums due to the slump in the IT-related market, especially the HDD market. Sales for motor products including information motors are also expected to decline in the automobile, office automation equipmエアー ベットt, and other markets. On the bright side, sales of aircraft parts such as rod-エアー ベットd bearings will continue to soar thanks to growing demand. Buoyed by the growing wave in the tablet PC and smartphone markets, sales of LCD backlights will also continue to grow. Revisions were based on our best estimate of the total impact the currエアー ベットt market conditions will have on our operations.
(Note) The above performance was projected in light of the information available at the time of the release of this documエアー ベットt. Actual results may differ from the forecasted figures due to a variety of uncertain factors that may be observed in the days ahead.
| Company Name: | Minebea Co., Ltd. |
|---|---|
| Represエアー ベットtative: | Yoshihisa Kainuma Represエアー ベットtative Director, Presidエアー ベットt and Chief Executive Officer (Code No. 6479, TSE Div. No.1) |
| Contact: | Hiromi Yoda Managing Executive Officer Deputy Officer in charge of Administration, Planning, Accounting Division |
| Tel: | +81-(0)3-5434-8611 |
Product information, contact and other context are subject to change without prior notice.
