Nidec Copal Revises Financial Forecasts Upward for the Six Months Ended September 30, 2006
biz.yahoo.com
Thursday October 19, 2:30 am ET
KYOTO, Japan, Oct. 19, 2006 (PRIMEZONE) -- Nidec Corporation today announced that Nidec Copal Corporation (``the Company''), one of its consolidated subsidiaries whose shares are listed on the First Section of the Tokyo Stock Exchange (Code: 7756), has revised upward its consolidated and non-consolidated financial forecasts for the six months ended September 30, 2006 as follows.
1. Revised consolidated financial forecasts (Japanese GAAP) for the six months ended September 30, 2006.
(From April 1, 2006 to September 30, 2006) (Yen in millions)
For the six months ended September 30, 2006
Previous Revised Change Change For the six
forecast Forecast (amount) (percent) months ended
(Apr. 25, Sept. 30,
2006) 2005
Net sales 34,000 40,000 6,000 17.6% 29,081
Recurring
income 2,400 2,750 350 14.6% 2,502
Net income 1,300 1,800 500 38.5% 1,031
(Reasons for revision)
Reflecting the unexpected level expansion of the digital camera market both home and abroad, the Company achieved all time high records in both sales amount and volume with the growth of shutters and lens units for single-lens-reflex cameras and other types of cameras. Metal exterior packages for this market also showed steady growth. Other business groups increased sales as well with new product lines of multi-functional compound motors and booming corporate spending on facilities and equipment for the production of semi-conductors.
Reflecting sales increase and other factors, profit showed growth as well, though there was a delay in improving yield ratio of part of lends units.
As a result, the Company has revised upwards the midterm financial forecasts as consolidated sales, recurring income and midterm net income are expected to exceed the previously projected level. |
