Shindengen Electric Manufacturing Co. Ltd. revised consolidated earnings guidance for the six months ended September 30, 2012. For the period, the company expects sales to be JPY 40,700 million against JPY 40,900 million previous guidance.

Operating profit to be JPY 200 million against JPY 800 million previous guidance. Ordinary profit to be JPY 800 million against JPY 1,300 million previous guidance. Net profit to be JPY 900 million against JPY 1,500 million previous guidance.

Net profit per share to be JPY 9.16 against JPY 14.98 previous guidance. The above revisions were made because the effects of decreased demand for semiconductors as a result of the global economic slump have led to a minor decrease in sales. However, in the Asian 2 wheeled vehicle market, which is in an adjustment phase, a sense of bottoming-out in addition to results from efforts to reduce costs such as materials cost reductions, etc., have resulted in a forecast of operating profits, ordinary income and quarterly net profits exceeding previously announced predictions.