LASERTEC CORPORATION
Lasertec Corporation
2-10-1 Shin-yokohama, Kohoku-ku, Yokohama
(Code 6920 / Tokyo Stock Exchange, 1st Section)
Revised Forecast of Consolidated Operating Results
Revision to the forecast for the fiscal year ended June 2014 (July 1, 2013 through June 30,
2014)
In millions of yen (unless otherwise noted)
Net sales | Operating income | Ordinary income | Net income | Net income per share (yen) | |
Last forecast (A) | 13,400 | 2,250 | 2,250 | 1,450 | 64.33 |
New forecast as of this annoucement (B) | 13,607 | 3,097 | 3,161 | 1,969 | 87.37 |
Change (B-A) | 207 | 847 | 911 | 519 | |
Percentage of change (%) | 1.5 | 37.7 | 40.5 | 35.8 | |
Reference Results of the same period last fiscal year (ended June 2013) | 11,397 | 2,149 | 2,536 | 1,610 | 71.43 |
(Note) Effective July 1, 2013, the company split its common stock 2 for 1 in accordance with the resolution of the Board of Directors dated May 27, 2013. The figures of "net income per share" are calculated using the number of issued stock (excluding treasury stock) after the stock split took place.
Reason for the revision
We expect actual operating profit, ordinary profit, and net profit for the fiscal year ended June 30, 2014, to exceed our previous estimates because of a lower product cost ratio, as a result of company's effort to save cost, and a lower aggregate figure of selling, general and
administrative expenses, mainly due to the postponement of R&D expenditures to the ensuing fiscal year. We now forecast an operating profit of 3,097 million yen (2,250 million yen in the last forecast), an ordinary profit of 3,161 million yen (2,250 million yen in the last forecast) and a net profit of 1,969 million yen (1,450 million yen in the last forecast).
Revised Forecast of Dividends
Dividends per share | |||||
End of 1Q | End of 2Q | End of 3Q | Year-end | Total | |
Last forecast | Yen -- | Yen | Yen -- | Yen 20.00 | Yen 20.00 |
Forecast as of this announcement | -- | -- | 27.00 | 27.00 | |
Year ended June 30, 2014 | -- | 0.00 | -- | ||
Year ended June 30, 2013 | -- | 0.00 | -- | 48.00 | 48.00 |
(Note) Effective July 1, 2013, the company split its common stock 2 for 1 in accordance with the resolution of the Board of Directors dated May 27, 2013. The figures shown above are actual dividends per share as of payout date.
Reason for the revision
Our dividend policy is to make steady distribution of profits to shareholders through dividend schemes that are flexibly adjusted, depending on our business performance, to maintain a dividend ratio of around 30% on a consolidated basis. In light of the upward revision to operating result forecast and in line with our dividend policy, we have revised our dividend forecast for the fical year ended June 30, 2014, to 27.00 yen per share, up 7 yen per share from the previous forecast.
(Note) The forecast of financial results provided in this release is based on information available to the management at the time of announcement and on assumptions it has judged to be reasonable. Actual results may differ materially from the forecast due to various factors.
Contact for Inquiries:
Shu Uchiyama
Managing Director and Chief Administrative Officer
Phone: +81-45-478-7111 http://www.lasertec.co.jp
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