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Financial Outlook (Estimate of
the FY 2010)
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Outlook |
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| Estimate of the FY 2010 on a consolidated basis
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| Estimate of the FY2010 on a non-consolidated basis |
| Innotech dividend as of FY 2009 will be 4 yen for the interim dividend and 6 yen for the dividend at the end of the fiscal year, which will total to 10 yen for the year. |
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| Note
for the forward-looking statements |
While the FY2010 outlook is still unclear, it is expected that the world economy will recover slowly, driven by the economic growth in certain regions, such as China and other Asian countries.
In the cutting-edge electronics industry where INNOTECH conducts its business, it seems that businesses for digital consumer products and cell phones will remain stable and the facility investment by semiconductor manufacturers will recover in 2010. In FY 2010, INNOTECH, which used to be a semiconductor trading house, will transform itself into a so-called "EDS (Electronic Design Service*)" Company which provides even higher value-added total solution.
As for the EDA software business, INNOTECH will keep working in order to expand the customer base by supporting our customers' needs, providing a better and stronger engineering support to our key customers and grasping the needs from our market. For the RETSET business, INNOTECH will develop the next generation product to support our customers' requests to reduce their test cost and footprint. Also, as the program of RETSET is customizable, INNOTECH will keep promoting this product to new customers, emphasizing such flexibility to support each customer's specific needs. Sanei Hytechs with the LSI design consignment business will keep strengthening its engineering skills, and will pursue more profitable business model which is based on proposals and consulting rather than simply undertaking the design consignment projects. As for the Hard Disk Drive business, we will secure profitability by focusing on our core strength and by keeping our operation cost low. As for the Device business, we will undertake both the trading house function which cultivates cutting-edge semiconductors and electronic devices as well as a manufacturer function developing and selling CPU boards developed internally by Innotech, and keep providing highly value-added solutions to support our customers' needs, such as "shorter development TAT" and "reduction of development costs". IT ACCESS, which conducts product development support business for embedded software and digital consumer products, will expand its product portfolio and business domain.
Our current estimate for FY 2010 is;
Sales: 28.5 billion yen (16.4% increase compared to FY 2009 sales)
Operating profit: 1 billion 150 million yen (87.3% increase compared to FY 2009 operating profit)
Ordinary profit: 1.1 billion yen (48.5% increase compared to FY 2009 ordinary profit)
Net profit: 510 million yen (198.7% increase compared to FY 2009 Net profit)
INNOTECH's current estimate for its FY2010 cash dividends is 10 yen (interim dividends 4 yen).
*Note: EDS (Electronic Design Service) stands for "total services" ranging from procurement of parts, designing of hardware/software, product development, to product quality control. Unlike EMS (Electronic Manufacturing Service) which only includes assembly and manufacturing of products based on customer specifications, EDS involves upper stream design and development as well. INNOTECH, which signed a distribution agreement with Intel Corporation in March 2010, will provide one-stop solution which includes hardware and software.
Cautionary Statement
Such forward looking statements include number of preliminary assumptions about future events that are subject to factors and uncertainties that could cause actual results to differ materially from those described in the forward looking statements. |
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