| March 1, 2002 |
| Company : |
Yamatake Corporation |
President & CEO : Yoshiharu Sato
| Inquiries : | Yukihiko Tsuruta |
| | General Manager, Finance Division |
Phone : (03)3486-2021
|
Notification of Revisions to the Performance Forecast |
This is to announce that the forecast for the fiscal year ending March 31,2002 is revised to reflect the current business climate,as shown below. |
|
| [1.Revised
Consolidated Forecast] |
 |
1.1 The fiscal year (Apr.1, 2001-Mar.31, 2002) |
|
| (Unit : Millions of Yen) |
| |
Net Sales |
Operating Income |
Net Income |
| Forecast announced on November 6, 2001 |
170,000 |
6,300 |
3,400 |
| Revised forecast |
167,000 |
3,400 |
300 |
| Change |
-3,000 |
-2,900 |
-3,100 |
| % change |
-1.8% |
-46.0% |
-91.2% |
| Results from the previous year |
177,940 |
11,694 |
-5,918 |
|
|
|
|
1.2 Background to the Revision of Consolidated Forecast |
|
Consolidated sales in each business are forecast to be same or slightly lower compared with the forecast announced on November 6, 2001. Total sales will decrease by roughly 6% over the previous year.
Consolidated operating income is revised downward from the forecast announced last November and will decrease by 70% over the previous year.
Reasons for this revision are
| 1) | the worsening of the cost rate caused by pressures to reduce prices in the Building Automation business, |
| 2) | the decrease in income in the Control Products business reflecting the continuing slump in the semiconductor and IT-related markets. |
Net income is revised downward from the forecast announced last November by the extraordinary loss of two billion yen on impairment of investment securities caused by the recent decline of stock prices. |
|
| [2.Revised
Non-consolidated Forecast] |
|
2.1 The fiscal year (Apr.1, 2001-Mar.31, 2002) |
|
| (Unit : Millions of Yen) |
| |
Net Sales |
Operating Income |
Net Income |
| Forecast announced on November 6, 2001 |
55,000 |
-700 |
100 |
| Revised forecast |
53,000 |
-3,400 |
-1,800 |
| Change |
-2,000 |
-2,700 |
-1,900 |
| % change |
-3.6% |
- |
- |
| Results from the previous year |
64,334 |
1,568 |
-3,234 |
|
|
|
|
2.2 Background to the Revision of Non-consolidated Forecast |
|
Non-consolidated total sales is revised downward by approximately 4% from the forecast announced last November.
Operating loss is estimated to worsen due to the depression in Control Products Business and International Business.
The revision of net income is affected by the extraordinary loss of two billion yen on impairment of investment securities. |
|
|
