<Consolidated Financial Results for the Year Ended March 31, 2014>
Forecast for the Year Ending March 31, 2015 (Fiscal 2014)
Financial Results Forecast | (Billions of Yen) |
| |
FY2013 |
FY2014 |
|
FY2014 |
| Full Year |
1H
Forecast |
|
2H
Forecast |
|
Full Year
Forecast |
|
Mid-Term
Plan
(5/14/
2013) |
Change
(Y on Y) |
Change
(Y on Y) |
Diffe-
rence
from
the Mid-Term
Plan |
Change
(Y on Y) |
| Net Sales |
2,927.1 |
1,450.0 |
+8.0% |
1,550.0 |
-2.2% |
3,000.0 |
+180.0 |
+2.5% |
2,820.0 |
| Operating
Income |
108.5 |
35.0 |
+3.5% |
65.0 |
-13.0% |
100.0 |
-10.0 |
-7.9% |
110.0 |
| Net Income |
11.5 |
5.0 |
- |
25.0 |
+57.3% |
30.0 |
-10.0 |
2.6-fold |
40.0 |
In the Medium-Term Management Plan announcement in May 2013, we released our financial forecast for fiscal 2014. Following that forecast, however, the yen fell rapidly, as did the currencies of emerging countries. In Japan, a short-term decrease in sales has been predicted, owing to an increase in the consumption tax. These and other factors constitute a major change in the electronics industry.
Based on this new situation, we have revised our currency exchange assumptions for fiscal 2014 and upwardly adjusted net sales by 180 billion yen, and downwardly adjusted operating income and net income by 10 billion yen each.
Sales by Product Group | (Billions of Yen) |
*Sales of each product group include internal sales between segments (Product Business / Device Business)
| |
FY2013 |
FY2014 |
| Full Year |
Full Year Forecast |
|
Difference
(Y on Y) |
Change
(Y on Y) |
| |
Digital Information Equipment |
733.3 |
780.0 |
+46.6 |
+6.4% |
| Health and Environmental Equipment |
326.8 |
360.0 |
+33.1 |
+10.1% |
| Solar Cells |
439.0 |
290.0 |
-149.0 |
-33.9% |
| Business Solutions |
318.8 |
340.0 |
+21.1 |
+6.6% |
| Product Business |
1,818.1 |
1,770.0 |
-48.1 |
-2.6% |
| |
LCDs |
991.0 |
1,000.0 |
+8.9 |
+0.9% |
| Electronic Devices |
326.3 |
450.0 |
+123.6 |
+37.9% |
| Device Business |
1,317.4 |
1,450.0 |
+132.5 |
+10.1% |
| Sub Total |
3,135.6 |
3,220.0 |
+84.3 |
+2.7% |
| Adjustments |
-208.4 |
-220.0 |
-11.5 |
- |
| Total |
2,927.1 |
3,000.0 |
+72.8 |
+2.5% |
Operating Income by Product Group | (Billions of Yen) |
*The percentage figures noted in brackets show operating margin
| |
FY2013 |
FY2014 |
| Full Year |
Full Year Forecast |
|
Difference
(Y on Y) |
Change
(Y on Y) |
| |
Digital Information Equipment |
12.8
(1.8%) |
20.0
(2.6%) |
+7.1
|
+55.8%
|
| Health and Environmental Equipment |
21.0
(6.4%) |
19.0
(5.3%) |
-2.0
|
-9.6%
|
| Solar Cells |
32.4
(7.4%) |
-5.0
(-1.7%) |
-37.4
|
-
|
| Business Solutions |
30.5
(9.6%) |
26.0
(7.6%) |
-4.5
|
-14.9%
|
| Product Business |
96.8
(5.3%) |
60.0
(3.4%) |
-36.8
|
-38.0%
|
| |
LCDs |
41.5
(4.2%) |
55.0
(5.5%) |
+13.4
|
+32.2%
|
| Electronic Devices |
3.2
(1.0%) |
15.0
(3.3%) |
+11.7
|
4.6-fold
|
| Device Business |
44.8
(3.4%) |
70.0
(4.8%) |
+25.1
|
+56.1%
|
| Sub Total |
141.6
(4.5%) |
130.0
(4.0%) |
-11.6
|
-8.2%
|
| Adjustments |
-33.0 |
-30.0 |
+3.0 |
- |
| Total |
108.5
(3.7%) |
100.0
(3.3%) |
-8.5
|
-7.9%
|
Sales are anticipated to decline drastically in Solar Cells, due to factors including a decrease in the number of overseas developer business projects, and lower sales of residential solar systems in Japan. However, Digital Information Equipment, Health and Environmental Equipment, Electronic Devices, and other product groups, are expected to show sales increases, and the overall result is projected to increase by 72.8 billion yen over fiscal 2013.
Looking at operating income, while increases are forecast for LCDs and Electronic Devices, a loss for Solar Cells is projected. The overall figure is anticipated to decrease by 8.5 billion yen from the previous year.
