Home > News & Expositions > News > 2000 > Revision of Projected Results and Dividends for the Year Ending March 31, 2001
Revision of Projected Results and Dividends for the Year Ending March 31, 2001
In light of recent performance, management has revised the projections reported at the earnings announcements of May 16 and May 30, 2000. Revisions apply to both consolidated and parent-only results and to cash dividends for the year ending March 31, 2001.
1. Projected consolidated results for the year ending March 31, 2001 have been revised as follows.
(1) Interim (April 1, 2000 to September 30, 2000)
(Units: millions of yen; %
| |
Net sales |
Ordinary income |
Net income |
| Previous projections (A) |
29,300 |
5,900 |
3,000 |
| Revised projections (B) |
33,500 |
6,500 |
2,800 |
(2) Full year (April 1, 2000 to March 31, 2001)
(Units: millions of yen; %
| |
Net sales |
Ordinary income |
Net income |
| Previous projections (A) |
67,000 |
15,000 |
8,100 |
| Revised projections (B) |
75,000 |
17,500 |
9,500 |
| YoY growth rate (B/C) |
162.4% |
215.0% |
214.8% |
| Previous year results (C) |
46,176 |
8,138 |
4,422 |
2. Projected parent-only results for the year ending March 31, 2001 have been revised as follows.
(1) Interim (April 1, 2000 to September 30, 2000)
(Units: millions of yen; %
| |
Net sales |
Ordinary income |
Net income |
| Previous projections (A) |
26,300 |
5,500 |
3,000 |
| Revised projections (B) |
30,500 |
6,000 |
2,800 |
| YoY growth rate (B/C) |
162.3% |
251.2% |
202.3% |
| Previous year results (C) |
18,791 |
2,389 |
1,384 |
(2) Full year (April 1, 2000 to March 31, 2001)
(Units: millions of yen; %
| |
Net sales |
Ordinary income |
Net income |
| Previous projections (A) |
60,000 |
13,500 |
7,500 |
| Revised projections (B) |
68,000 |
15,900 |
9,000 |
| YoY growth rate (B/C) |
163.9% |
224.9% |
224.4% |
| Previous year results (C) |
41,501 |
7,069 |
4,011 |
3. Reasons for Revision
(1) Net sales
Reflecting continuing robust capital expenditures among semiconductor manufacturers, output and sales of products such as wafer probers, a field where Tokyo Seimitsu has the world's number-one market share, and wafer dicing machines have reached all-time high levels. Furthermore, positive appraisals from users of the Company's polish grinders and wafer inspection machines both major new products have begun to stimulate increased demand. Accordingly, the new estimates put net sales for the year at more than 60% above last year's level, with sales of semiconductor manufacturing equipment forecast to increase by 80%.
(2) Earnings
Both ordinary income and net income are forecast to increase by around 120%, giving the Company another year of record earnings.
Expenses totaling approximately \3.0 billion were recorded during the first half of the fiscal year due to the shortfall in funding of retirement obligations arising from the adoption of new accounting standards, and to the loss on the revaluation of marketable securities resulting from the adoption of market value accounting.
4. Projected cash dividends for the fiscal year ending March 31, 2001 have been revised as follows.
(Units: millions of yen; %
| |
Interim |
Year end |
Total |
| Previous projections |
9.50 |
9.50 |
19.00 |
| Revised projections |
15.00 |
15.00 |
30.00 |
| Previous year cash dividend per share |
9.50 |
9.50 |
19.00 |
