Tokyo Electron Says It Likely Had a 2.3 Bln Yen Loss
By Minoru Matsutani
10/22 03:35
quote.bloomberg.com
(Bloomberg) -- Tokyo Electron Ltd., the world's No. 2 supplier of chipmaking equipment, said it had a first-half net loss of about 2.3 billion yen ($18 million), narrower than it expected thanks to stronger equipment sales.
The Tokyo-based company said in August it expected a loss of 3 billion yen for the six months ended Sept. 30. It had net income of 2.6 billion yen in the same period a year ago.
The company said it probably posted sales of 223 billion yen in the period, 12 percent lower than last year and 3.5 percent higher than its previous 215.5 billion yen sales estimate.
The figures, provided in a statement sent to the Tokyo Stock Exchange, are preliminary. Tokyo Electron will report earnings for its second quarter and first half on Nov. 8.
Tokyo Electron's earnings will slump next year because orders for chip equipment, which will become sales in about six months after being received, declined 30 percent in the quarter ended last month from the previous quarter, company spokesman Kazuya Nanbu said earlier this month.
Orders will fall further in this quarter as customers such as Intel Corp. buy fewer machines, Tokyo Electron said last week.
The company's shares fell 210 yen, or 4.5 percent, to 4,430 yen. They've declined 31 percent this year. The company made the announcement after Japanese markets closed. |
