*** For immediate use January 26, 2012
Tokyo, January 26, 2012 - NEC Corporation today announced revisions to the consolidated financial forecasts and dividend forecasts announced on October 27, 2011 for the fiscal year ending March 31, 2012 as well as the recording of business restructuring costs.
(April 1, 2011 to March 31, 2012)
(In billions of yen)
Sales |
Operating income (loss) |
Ordinary income (loss) |
Net income (loss) | |
Previous Forecast (A) (announced October 27, 2011) | 3,250.0 | 90.0 | 55.0 | 15.0 |
Revised Forecast (B) | 3,100.0 | 70.0 | 35.0 | -100.0 |
Difference (B) - (A) | -150.0 | -20.0 | -20.0 | -115.0 |
Change (%) | -4.6% | -22.2% | -36.4% | - |
(Reference) FY ended March 31, 2011 | 3,115.4 | 57.8 | 0.0 | -12.5 |
As challenging business conditions continue, NEC forecasts
sales of 3,100.0 billion yen, 150.0 billion yen less than
the previous forecast, mainly due to a decrease in sales in
the Carrier Network business as a result of investment
restraint in international markets, a decrease in sales
from a decline in mobile phone shipments in the Personal
Solutions business and the impact of flooding in Thailand
on the Platform business.
NEC forecasts operating income of 70.0 billion yen, 20.0
billion yen less than the previous forecast, mainly due to
loss from decreased sales in the Personal Solutions
business and Platform business. NEC also forecasts ordinary
income of 35.0 billion yen, 20.0 billion yen less than the
previous forecast, mainly due to worsening operating income
(loss).
NEC forecasts net loss of 100.0 billion yen, 115.0 billion
yen less than the previous forecast, mainly due to
worsening ordinary income (loss), business restructuring
costs for the reform of cost structure, and an increase in
income taxes due to the review of deferred tax assets that
reflect tax reform and financial forecasts for this fiscal
year.
NEC forecasts extraordinary loss of about 40.0 billion yen for the fiscal year ending March 31, 2012, mainly due to business restructuring costs centered on personnel reductions.
Interim Dividend | Year-end Dividend | Annual Dividend) | |
Forecast as of October 27, 2011 | - | Undetermined | Undetermined |
Revised forecast for FY ending March 31, 2012 | - | 0 yen | 0 yen |
Actual | 0 yen | - | - |
(Reference) FY ended March 31, 2011 | 0 yen | 0 yen | 0 yen |
Regrettably, NEC has revised its forecast for year-end dividends for the fiscal year ending March 31, 2012 from undetermined to none, in consideration of the forecast net loss for the fiscal year ending March 31, 2012, and others.
***
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Among the factors that could cause actual results to differ
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