Revision of Earnings Forecasts of Minebea.Co.,Ltd

Resource from: www.minebea.com Likes:2968

Nov 09,2004

Revision of Earnings Forecasts for the Interim Period Ended September 30, 2004 and for the Full Year Period Ending March 31, 2005 Revision of Non-consolidated Earnings Forecasts (1) Interim Period（April 1, 2004 - September 30, 2004）　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　 Net Sales Ordinary Income Net Income Previous forecast （Ａ） 92,000 2,900 1,300 Revised forecast （Ｂ） 93,363 2,745 801 Variation （Ｂ−Ａ） 1,363 −155 −499 Percentage change 1.5% −5.3% −38.4% Previous first-half results 92,482 5,782 1,480 (Millions of yen) (2) Full Year Period (April 1, 2004 - March 31, 2005) There are no revisions to the non-consolidated earnings forecasts for the full-year period. 3. Reasons for the Revision The above revisions are due mainly to 1) higher operating expenses and production integration costs incurred in our information motors businesses; 2) the consequence of a sharp rise in costs accompanying the shift of our PC keyboard manufacturing operations from Thailand to Shanghai; and 3) a delay in cost reduction responding to a significant fall in production of spindle motors resulting from inventory adjustments in the hard disk drive industry. Note: The above earnings forecasts are based upon information available as of the announcement date of this material. The Company's actual results may differ from these forecasts, depending on future various business factors.

(www.minebea.com)

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous ZWZ--Hard Working for Future
Next SKF auto-throttle unit gives smooth autopilot transitions to Business Jets

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.