Announcement on Financial Forecast and Dividend Forecast
Undecided announced on April 28, 2011 the Financial Forecast and Dividend Forecast of March, 2012, but we announced these which have been decided in the company's board meeting on May 13, 2011 as follows.
1. Financial Forecast
Consolidated financial forecast for the first six months of the fiscal year ending March 31, 2012(April 1, 2011 - September 30, 2011)
| Net sales (Millions of yen) |
Operating income (Millions of yen) |
Ordinary income (Millions of yen) |
Net income (Millions of yen) |
Net income per share(yen) |
|
| Forecast (A) | 335,000 | 35,000 | 36,000 | 23,000 | 128.45 |
| Results for the six months ended September 30, 2010 (B) |
318,400 | 42,342 | 45,107 | 33,454 | 186.88 |
| Change (A-B) | 16,599 | △7,342 | △9,107 | △10,454 | － |
| Change ratio (%) | 5.2 | △17.3 | △20.2 | △31.2 | － |
Consolidated Financial forecast for the year ending March 31, 2012 (April 1, 2011 - March 31, 2012)
| Net sales (Millions of yen) |
Operating income (Millions of yen) |
Ordinary income (Millions of yen) |
Net income (Millions of yen) |
Net income per share(yen) |
|
| Forecast (A) | 730,000 | 100,000 | 102,000 | 66,000 | 368.60 |
| Results for the year ended March 31, 2011 (B) |
668,722 | 97,870 | 101,919 | 71,924 | 401.73 |
| Change (A-B) | 61,277 | 2,129 | 80 | △5,924 | － |
| Change ratio (%) | 9.2 | 2.2 | 0.1 | △8.2 | － |
Reason for financial forecast
In the semiconductor market, the first half has part of influence of the Great East Japan Earthquake, but it is assumed that the capital spending of the semiconductor maker follows it in the full year, and it is reinforced by demand for end product increase. As for the thing of such situation, we expect consolidated financial results of March, 2012 period as above.
Note: The content of the financial forecast as described in this financial statement is based on certain reasonable assumptions, drawing on the information currently available such as the economic situation in Japan and throughout the world and other variable factors that have impact on the financial results of the Company.
These assumptions may be influenced by market conditions, competitive conditions, the introduction of new products and their success or failure, the global condition of the semiconductor industry and other uncertainties. Therefore, actual sales and profit may differ significantly from the forecast.
2. Dividend Forecast
| Dividends per share | |||
| (Yen) | 2Q-end | Year-end | Total |
| Forecast | 45 yen | 85 yen | 130 yen |
| Results for the year ended March 31, 2011 | 38 yen | 76 yen | 114 yen |
Reason for dividend forecast
TEL's basic policy for returning profits to shareholders by maintaining a payout ratio of around 20% based on consolidated net income was revised on November 2, 2010 by the Board of Directors, in order to increase the target payout ratio to 35% based on consolidated net income starting with the year-end dividend for the fiscal year ended March 2011.
Therefore, in conjunction with the announcement of the consolidated financial forecast for the fiscal year, we announced the dividend per share payable as above.
