For Reference:
Revision to Fiscal Year 2006 Financial Results Forecast
Tokyo, May 28, 2007---SANYO Electric Co., Ltd. (SANYO) has made the following revision to the FY2006 forecast (April 1, 2006 through March 31, 2007) announced on November 24, 2006.
1. Forecast for Consolidated Financial Results
(Unit: 100 million yen) |
Current forecast |
Compared to previous forecast |
Compared to year ratio |
Previous forecast |
Last fiscal year results |
|
| Net sales | 22,154 |
100.7% |
92.4% |
22,000 |
23,970 |
| Operating income (loss) | 496 |
141.6% |
- |
350 |
(172) |
| Income (loss) before income taxes and minority interest for continuing operations |
(131) |
- |
- |
(250) |
(1,657) |
| Net income (loss) | (454) |
- |
- |
(500) |
(2,057) |
2. Reasons for Revision
Regarding net sales, despite intense competition and falling prices in digital cameras and telephone handsets causing sales of these categories falling short of the previous forecast, due to favorable developments in navigation equipment, rechargeable batteries and solar cells; in the aggregate the forecast largely corresponds to the previous forecast. In terms of profit, reform of the cost structure across all businesses, reorganization of production bases, and improvements in human resources; the ongoing structural transformation resulted in an operating income exceeding previous forecasts. Regarding income (loss) before income taxes and minority interest for continuing operation and net income, despite increasing product-related expenditures, results surpassed previous forecasts.
3. Forecast for Non-consolidated Financial Results
(Unit: 100 million yen) |
Current forecast |
Compared to previous forecast |
Compared to year ratio |
Previous forecast |
Last fiscal year results |
|
| Net sales | 12,159 |
102.2% |
89.8% |
11.900 |
13,534 |
| Operating income (loss) | (163) |
- |
- |
(190) |
(400) |
| Income (loss) before income taxes and minority interest for continuing operations |
(212) |
- |
- |
(210) |
(482) |
| Net income (loss) | (571) |
- |
- |
(650) |
(3,609) |
For Press Contact: (English Only):
- Global PR Section, Global Communications Department
Corporate Communications Headquarters
SANYO Electric Co., Ltd. - Tel: +81-3-6414-8615
Fax: +81-3-6414-8720
E-mail: i_press.1014390@sanyo.co.jp
