Forecast for Fiscal 2005
Performance for the first half of fiscal 2005 came close to initial projections. We are forecasting continued strong sales for our product business and our core devices, such as LCDs and solar cells, in the second half of fiscal 2005.
As a result, the forecast for all of fiscal 2005 remains in line with the one initially announced. Net sales are 2,750.0 billion yen, up 8.3% over last year, operating income is 160.0 billion yen, up 5.9%, and net income is 87.0 billion yen, up 13.2%.
Our fiscal 2005 plan includes capital investments of 220.0 billion yen, up 3.3% over the previous year, depreciation and amortization of 190.0 billion yen, up 8.0%, R&D expenditures of 182.0 billion yen, up 3.7%.
We estimate that exchange rates for the second half will be 110 yen to the U.S. dollar and 132 yen to the euro. |
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