Forecast for Fiscal 2006
Net sales are expected to reach 3.0 trillion yen, an increase of 7.3% over the previous year.
Operating income is projected to be 180.0 billion yen, up 10.0%, with operating profit ratio at 6.0%, while net income is projected to be 100.0 billion yen, up 12.8%.
Both sales and profits are expected to reach record-high levels for the fourth year in a row.
Capital investment is projected to be 275.0 billion yen, up 25.6% over the previous year, including 194.0 billion yen for the LCD business.
Depreciation and amortization is projected to be 225.0 billion yen, up 16.5%, while R&D expenditures are projected at 192.0 billion yen, up 3.6%.
We are assuming exchange rates of 115 yen to the U.S. dollar and 135 yen to the Euro.