Forecast for Fiscal 2008
Net sales for fiscal 2008 are expected to be 3,600.0 billion yen, an increase of 5.3% over the previous year.
Operating income is projected to be 195.0 billion yen, up 6.2%, and net income is projected to be 105.0 billion yen, up 3.0% over the previous year.
Capital investment is projected to be 330.0 billion yen, an increase of 4.7% over the previous year, including an increase of 15.0 billion yen which is expected to result from changes in Japanese accounting standards for leases. Of this amount, investment for LCDs is expected to be 220.0 billion yen. Depreciation and amortization is projected to be 290.0 billion yen, up 4.9%, and R&D expenditures are projected at 203.0 billion yen, up 3.5% over the previous year.
We are assuming exchange rates of 100 yen to the U.S. dollar and 150 yen to the Euro.