|
|
 |
 |
|
 |
|
| |
 |
| |
With respect to future economic conditions, domestic economic conditions continue to be unpredictable because of such factors as the effects of damage caused by the Great East Japan Earthquake and the impact that the accident at the Fukushima Daiichi Nuclear Power Station and conserving electricity stemming from a shortage of power supply would have on economic activities, in addition to downside risks to the economy, such as soaring crude oil prices and the termination of economic stimulus measures such as the eco-point scheme.
In the amusement device market as well, which is positioned as the main market for the Company’s business, conditions will remain harsh due to concerns about the impact of the above-mentioned earthquake, etc. on the whole market, in addition to the long-term slowdown of the domestic economy, according to our analysis.
The Company expects annual demand for new units of amusement devices to be approximately 3,000,000 units in fiscal 2011 considering the market environment described above, and made this the basis of calculations of results forecasts. As for Graphics LSI products targeted at the amusement device market (including products with integrated functions), the Company’s plan calls for sales of approximately 1,300,000 units (actual sales in fiscal 2010: 1,420,000 units) taking into account the impact of re-use in fiscal 2011 in the above market analysis. With respect to such products, the Company intends to raise the selling unit price by promoting the migration to “AG-4”, a high value added product for which a full-scale mass production will commence in fiscal 2011, and at the same time, reduce the impact of re-use of the existing product “AG301” which is presently subject to re-use.For other products targeted at the amusement devices market, sales volume is expected to decrease on the whole due to the anticipated impact of customers’ plans to adopt products with integrated functions, customers’ demand trends and other such factors. In particular, the Company will engage in sales activities to increase the number of companies adopting LED driver LSI products in the future.
With regard to Graphics LSI products targeted at the embedded system market other than the amusement device market, the Company expects a certain level of demand to be driven by an increase in exports to emerging countries and various capital investments in the reconstruction following the earthquake disaster, but plans to sell approximately 70,000 units (actual sales in fiscal 2010: 90,000 units) in view of such factors as current domestic economic trends.The Company plans to disburse selling, general and administrative expenses in the amount of 3,100 million yen (up 7.3% year-on-year). The increase in selling, general and administrative expenses in fiscal 2011 is primarily attributable to the accounting of system development expenditures for the development of next-generation development environment targeted at the amusement device market.
Based on the foregoing analysis, the Company’s forecasts for fiscal 2011 are: net sales of 8,200 million yen (up 0.0% year-on-year), operating income of 1,200 million yen (down 23.5% year-on-year), ordinary income of 1,200 million yen (down 24.2% year-on-year), and net income of 800 million yen (down 23.4% year-on-year).
The Company established NEW ZONE CORPORATION, a subsidiary, in December 2010 and adopted consolidated accounting from the following fiscal year from the standpoint of materiality. At present, NEW ZONE CORPORATION is pursuing product development targeted at Digital Convenience Radio, and it plans to record R&D expenditures for future growth ahead of other expenses in the following fiscal year. For this reason, as compared with the non-consolidated earnings forecast figures, consolidated earnings forecast figures for operating income and other income decreased by 250 million yen, and net income per share decreased by 20.16 yen. With respect to the dividend for fiscal 2011, the Company plans a dividend of 60 yen per share (consisting of 30 yen of interim dividend and 30 yen of year-end dividend) in view of such factors as projected net income, future business plans, and dividend results for the previous fiscal year.
|
|
| Non-consolidated |
The 17th term |
Sales ratio |
yoy |
| Net sales |
8,200 |
100% |
0% |
| Gross profit |
4,300 |
52% |
-4% |
| Operating income |
1,200 |
15% |
-24% |
| Ordinary profit |
1,200 |
15% |
-24% |
| Net profit |
800 |
10% |
-23% |
|
| Consolidated |
The 17th term |
Sales ratio |
yoy |
| Net sales |
8,200 |
100% |
- |
| Gross profit |
4,300 |
52% |
- |
| Operating income |
950 |
12% |
- |
| Ordinary profit |
1,200 |
12% |
- |
| Net profit |
550 |
7% |
- |
|
|
|
|
|
| |
 |
|
|
|
|
|
|
 |
|
|
|
