Announcement of Revised Financial Results Outlook
– TOKYO, Japan, April 23, 2007 –
Seiko Epson Corporation ("Epson") today issued a revised financial results outlook for the full year ending March 2007 (April 1, 2006 to March 31, 2007). The revised outlook amends the previous forecast that was announced on March 14, 2007.
1. Revised consolidated financial results outlook (April 1, 2006 to March 31, 2007)
(Units: billion yen, %)
| Net sales | Operating income | Ordinary income | Net income (loss) | |
| Previous outlook (A) | 1,414.0 | 50.0 | 48.0 | -18.0 |
| Revised outlook (B) | 1,416.0 | 50.3 | 49.0 | -7.0 |
| Difference (B) – (A) | +2.0 | +0.3 | +1.0 | +11.0 |
| Change (%) | +0.1% | +0.6% | +2.1% | – |
| Reference FY2005 (ending March 2006) | 1,549.568 | 25.757 | 27.986 | -17.916 |
Ref: Forecasted net income (loss) per share (full year) -35.65 yen
2. Reasons for revision
Although net sales, operating income and ordinary income are forecast to be almost in line with the previous outlook, net loss is forecast to decline significantly from the previously announced amount. This revision is a result of tax benefits associated with impairment losses in the display business and of reduced taxes on both domestic and overseas subsidiary companies.
Although net sales, operating income and ordinary income are forecast to be almost in line with the previous outlook, net loss is forecast to decline significantly from the previously announced amount. This revision is a result of tax benefits associated with impairment losses in the display business and of reduced taxes on both domestic and overseas subsidiary companies.
Reference: Non-consolidated financial results outlook (April 1, 2006 to March 31, 2007)
(Units: billion yen, %)
| Net sales | Ordinary income | Net income (loss) | |
| Previous outlook (A) | 842.0 | 53.0 | -19.0 |
| Revised outlook (B) | 837.1 | 52.2 | -15.4 |
| Difference (B) – (A) | -4.9 | -0.8 | +3.6 |
| Change (%) | -0.6% | -1.5% | – |
| Reference FY2005 (ending March 2006) | 863.192 | -20.112 | -59.248 |
Ref: Forecasted net income (loss) per share (full year) -78.43 yen
