We hereby announce that our Board of Directors has resolved at a meeting held on August 4, 2023, We resolved to revise the consolidated earnings forecasts for the fiscal year ending March 31, 2024 (April 1, 2023 to March 31, 2024) announced on May 12,
2023. Details are as follows:
1. Revision of earnings forecasts for the first half of the fiscal year ending March 31, 2024 (April 1, 2023 to September 30, 2023)
Operating
Profit attributable
Net profit
Net Sales
Ordinary income
to owners of
income
per share
parent
Millions of yen
Millions of yen
Millions of yen
Millions of yen
Yen
Previously announced
19,670
2,450
2,410
1,700
81.98
forecasts (A) *
revised forecasts (B)
18,300
1,250
1,280
930
45.19
Increase/Decrease (B-A)
△1,370
△1,200
△1,130
△770
Percentage change (%)
△7.0%
△49.0%
△46.9%
△45.3%
(Reference) Results for
the first half of the
27,166
6,667
7,286
5,244
250.41
previous fiscal year
2. Revision of forecasts of the consolidated operating results for the year ending March 31, 2024 (April 1, 2023 to March 31, 2024)
Operating
Profit attributable
Net profit
Net Sales
Ordinary income
to owners of
income
per share
parent
Millions of yen
Millions of yen
Millions of yen
Millions of yen
Yen
Previously announced
42,000
6,600
6,440
4,500
217.01
forecasts (A) *
revised forecasts (B)
-
-
-
-
-
Increase/Decrease (B-A)
-
-
-
-
Percentage change (%)
-
-
-
-
(Reference) Previous
term results
46,985
9,134
9,450
7,212
346.08
(Year ending March 31,
2023)
*announced on May 12, 2023
Reason for revision
In the first half, sales and profits are expected to be affected by production adjustments by major customers due to sluggish market demand for semiconductor products for smartphones and PCs, which are expected to last longer than the forecasts at the beginning of the year, is expected. On a company-wide basis, in addition to continuing high raw material and transportation costs, we anticipate an impact on profits due to soaring energy prices and other factors.
Based on this situation, we will revise forecasts for the first half of the fiscal year announced on May 12, 2023.
For the second half, the environment of the semiconductor market has changed significantly since the initial forecasts, and it is difficult to formulate an appropriate and rational plan at this point. We have temporarily withdrawn our consolidated forecasts of the consolidated operating results announced on May 12, 2023, leaving it undetermined.
We will make an announcement as soon as the calculation becomes possible.
In addition, the foreign exchange rates used in the forecasts for the first half of the fiscal year are 1 US dollar = 137 yen and 1 euro = 149 yen.
Note: The earnings forecasts described in this disclosure are prepared based on information and forecasts available to the Company as of the date of this disclosure, and are not meant to promise the achievement of the forecasts. The Company's actual results may differ substantially from such statements due to various risks and uncertainties.
Attachments
Original Link
Original Document
Permalink
Disclaimer
YAMAICHI Electronics Co. Ltd. published this content on 08 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 August 2023 08:05:31 UTC.
YAMAICHI ELECTRONICS CO., LTD. is mainly engaged in the manufacture and sale of integrated circuit (IC) sockets and structure components. The Test Solution segment is involved in the provision of burn-in sockets, test sockets, probe pins, probe cards, as well as semiconductor test-related services. The Connector Solution segment is involved in the provision of various connectors and IC sockets for mounting use. The Optical-related segment offers filter products for optical equipment and optical communications. The Electronics Manufacturing Service (EMS) segment is engaged in the manufacture and sale of liquid-crystal-related components, as well as the assembling of printed boards for hard disc drives(HDD) and printers.