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Revised Forecasts for Fiscal year 2007
Anritsu Corporation is making the following revisions
to the fiscal year 2007 forecasts announced on January 30, 2008.
I. Revised Consolidated forecasts for Fy2007, ending
March 31, 2008
(Millions of yen, %)
| |
Net sales |
Operating
income
(loss) |
Ordinary
income
(loss) |
Net
income
(loss) |
|
Previous Forecast (A)
(as of January 30, 2008) |
103,500 |
5,500 |
0 |
(2,000) |
|
Revised Forecast (B) |
100,500 |
4,500 |
(2,000) |
(4,300) |
|
Increase (Decrease) (B - A) |
(3,000) |
(1,000) |
(2,000) |
(2,300) |
|
% Change |
-2.9 |
-18.2 |
- |
- |
|
FY2006 Actual |
99,445 |
6,358 |
3,193 |
1,375 |
II. Reasons for the Revision
The reasons for the forecast revision are described
as follows.
(1) Decrease of sales and operating income by declining industry capital
expenditure.
We expect a shortfall of sales and operating income in our core business,
Test and Measurement, despite strong Service Assurance business. This is due
to a remarkable decline of customer capital expenditure responding to a
slowdown of economy that have been observed since the beginning of fourth
quarter and the influence of rapid Japanese yen appreciation.
We also expect a shortfall of sales and operating income in Information
and Communications business, due to reduced capital expenditure of our
customers.
Due to these reasons, we now forecast shortfall of sales by 3 billion yen
and operating income by 1 billion yen compared to our previous forecast.
(2) Increase of non-operating loss and extraordinary loss
being accompanied by the organization reform.
We have started conducting the organization reform initiatives, which
were presented at our disclosure for the financial result of third quarter,
fiscal year ending March 31, 2008. Through this process, we identified
greater amount of inventories to be disposed by 700 million yen compared to
the amount identified at our last disclosure. In addition to this, we have
experienced increased foreign exchange losses and now forecast an increase
of non-operating expenses by 1 billion yen.
We also now forecast a greater amount of extraordinary loss by 200
million yen compared to the amount identified at our last disclosure. As the
result, it will be as great as 1.2 billion yen in total for the
restructuring of unprofitable organization. We expect the impairment of
intangible assets as great as 600 million yen and the retirement allowance
for head count reduction as great as 600 million yen.
Anritsu plans to pay dividends totaling 7.00 yen per
share (including an interim dividend of 3.50 yen per share), in accordance
with the initial plan.
(For reference)
Consolidated Net Sales forecast by Industry Segment for
FY2007, ending March 31, 2008
(Millions of yen)
| |
Previous Forecasts(A)
(as of Jan. 30, 2008) |
Revised Forecasts(B) |
Increase
(Decrease)
(B - A) |
FY2006 Actual |
|
Net sales |
103,500 |
100,500 |
(3,000) |
-2.9% |
99,445 |
|
Test and
Measurement |
76,000 |
73,000 |
(3,000) |
-3.9% |
72,882 |
|
Information and Communications |
6,500 |
6,000 |
(500) |
-7.7% |
6,010 |
|
Industrial
Automation |
13,500 |
13,500 |
- |
- % |
12,295 |
|
Serivces and others |
7,500 |
8,000 |
500 |
6.7% |
8,256 |
Consolidated Operationg Income forecast by Industry
Segment for FY2007, ending March 31, 2008
(Millions of yen)
| |
Previous Forecasts(A)
(as of Jan. 30, 2008) |
Revised Forecasts(B) |
Increase
(Decrease)
(B - A) |
FY2006 Actual |
|
Operating income
(loss) |
5,500 |
4,500 |
(1,000) |
-18.2% |
6,358 |
|
Test and
Measurement |
4,100 |
3,400 |
(700) |
-17.1% |
4,717 |
|
Information and Communications |
100 |
(100) |
(200) |
- % |
145 |
|
Industrial
Automation |
800 |
800 |
- |
- % |
608 |
|
Serivces and others |
500 |
400 |
(100) |
-20.0% |
887 |
|
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(Note) |
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Statements made in these materials with respect
to Anritsu's current plans, strategies and beliefs that are not
historical fact are forward-looking statements of future business
results or other forward-looking projections pertinent to the business
of Anritsu.
These descriptions are based on assumptions and judgments made by
Anritsu's management from information currently available, and include
certain risks and uncertain factors. Actual business results are the
outcome of a number of unknown variables, and may substantially differ
from the figures projected herein. Furthermore, Anritsu disclaims any
obligation, unless required by law, to update or revise any
forward-looking statements as a result of new information, future events
or otherwise.
Factors which may affect the actual business results include but are not
limited to the economic situation in the geographic areas where Anritsu
conducts business, including but not limited to Japan, Americas, Europe,
and Asia, pressure on prices due to trends in demand for Anritsu's
products and services or to increased competition, Anritsu's ability to
continue supplying products and services that are accepted by customers
in a highly competitive market environment, and currency exchange rates. |
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