Revision of results forecast

8 Feb 2007 07:00

Maruwa Co Ld08 February 2007 8 February 2007MARUWA CO., LTD.3-83 Minamihonjigahara-cho, Owariasahi-city, Aichi-pref., 488-0044 JAPAN (Translation) Notice regarding the revision of operating results forecast for fiscal 2007 MARUWA CO., LTD. ("MARUWA") announced that the operating results forecast for fiscal 2007 (1 April2006 - 31 March 2007) announced on 16 May 2006 were revised as follows; 1. Revised consolidated operating results forecast for Fiscal 2007 (1 April 2006 - 31 March 2007) (Million yen, %) Net sales Net income Previously announced forecast (A) 24,530 1,690 Revised forecast (B) 21,600 1,300 Change (B - A) -2,930 -390 Change rate (%) -11.9% -23.1% Previous fiscal year ended 31 March 20,278 1,135 2006 2. Revised non-consolidated operating results forecast for Fiscal 2007 (1 April 2006 - 31 March2007) (Million yen, %) Net sales Net income Previously announced forecast (A) 14,500 600 Revised forecast (B) 14,300 480 Change (B - A) -200 -120 Change rate (%) -1.4% -20.0% Previous fiscal year ended 31 March 13,883 549 2006 3. Reasons for revisionFor full year operating results in this year, MARUWA expects to secure a revenue increase and adouble-digit increase in profit compared to the last year; however, we forecast that net sales willsharply drop against the previous outlook, influenced by the shrinkage of public works in theLighting Equipment business harder than we expected. In addition, in the EMC Components division,total sales may fall below the initial outlook due to delay in a certain new market launch which hadbeen initially scheduled. In these circumstances, we revise the operating results forecasts asstated above. (Reference)Sales forecast by business segment (Million yen, %) Fiscal 2007 ending 31 March 2007 Fiscal 2006 Previously Revised forecast Change rate (%) announced forecast ended 31 March 2006 Ceramic components 20,510 18,700 -8.8% 16,628 Lighting equipment 4,020 2,900 -27.9% 3,650 Net sales 24,530 21,600 -11.9% 20,278 \* The forecasts stated above are based on currently available information as of the date ofannouncement. Actual results may differ from these forecasts due to various factors. This information is provided by RNS The company news service from the London Stock Exchange