DISCO
Japanese Chinese Traditional Chinese Simplified Korean English
SiteMap
About DISCO Investors CSR
HomeNews ReleasesSolutionsProduct InformationCustomer SupportCustomer SatisfactionContact
DISCO HOME > Investors > IR News

Investors


IR News

Notification of Revision to Business Forecast and Dividend Forecast

Based on recent business performance, DISCO Corporation ("the Company") has decided to revise the Company's business forecasts for the full year results of the year ending March 31, 2017, released on November 7, 2016, and to disclose the forecasts for April to June (the first quarter of the year ending March 31, 2018, and which have not been disclosed before.

The company also decided to disclose its dividend forecasts for October to March (the second-half) of the fiscal year ending March 31, 2017, which have also not been disclosed before.

1. Business forecast revision

Revised consolidated forecast for the year ending March 31, 2017

(April 1, 2016 - March 31, 2017) (Millions of yen)
Net sales Operating income Ordinary income Net income Net income per share
(yen)
Previous forecast (A) 123,000 25,400 26,400 20,100 561.57
Revised forecast (B) 132,400 30,700 30,800 23,500 655.58
(B)-(A) 9,400 5,300 4,400 3,400
% change 7.6 20.9 16.7 16.9
(Reference)
Results for the previous fiscal year
(the year ending March 31, 2016)
127,850 30,338 30,690 23,096 646.09

Revised non-consolidated forecast (accumulated) for the year ending March 31, 2017

(April 1, 2016 - March 31, 2017) (Millions of yen)
Net sales Operating income Ordinary income Net income Net income per share
(yen)
Previous forecast (A) 104,300 17,200 19,700 15,400 430.26
Revised forecast (B) 111,100 21,100 23,700 18,700 521.68
(B)-(A) 6,800 3,900 4,000 3,300
% change 6.5 22.7 20.3 21.4
(Reference)
Results for the previous fiscal year
(the year ending March 31, 2016)
109,127 24,271 27,367 20,957 586.26
2. Business forecasts for April to Jun
(the 1st quarter of the fiscal year ending March 31, 2018)

Consolidated forecast for the 1Q of the year ending March 31, 2018

(April 1, 2017 - June 30, 2018) (Millions of yen)
Net sales Operating income Ordinary income Net income Net income per share
(yen)
Forecast 40,000 11,600 11,800 8,600 239.92
(Reference)
Results for the 1Q of the previous fiscal year
(1Q of the year ending March 31, 2017)
31,273 6,928 7,493 5,794 161.93

Non-consolidated forecast for the 1Q of the year ending March 31, 2018

(April 1, 2017 - June 30, 2017) (Millions of yen)
Net sales Operating income Ordinary income Net income Net income per share
(yen)
Forecast 33,500 8,500 11,600 9,200 256.65
(Reference)
Results for the 1Q of the previous fiscal year
(1Q of the year ending March 31, 2017)
27,306 5,353 5,561 4,279 119.59

Reason for the revisions

The forecast for the fiscal year ending March 31, 2017, released on November 7, 2016, was revised due to the market environment of the semiconductor and electronic component industry, and business results and trends in the company’s performance.

For reference, the Company has also decided to disclose the business forecasts for April to Jun (the 1st quarter of the fiscal year ending March 31, 2018), which have not been disclosed before.

Note: The above forecast of financial results is based on certain information available to the Company at the time of announcement, and actual operating results may differ from the forecast due to various factors.

3. Revised dividend forecasts
(yen) Dividend per share
1Q-end 2Q-end 3Q-end Year-end dividend Annual dividend
Previous forecast - - - 213.00 296.00
Revised forecast - - - 278.00 361.00
Results for this year - 83.00 -
(Reference)
Results for previous year
- 85.00 - 230.00 315.00

Reason

The final dividend forecast consists of ¥82, which is equivalent to 25% of the consolidated net income for the second half of the fiscal year, as stated in our dividend policy, together with an additional ¥196, representing one-third of the balance of cash and deposits in excess of the amount required as of the end of the fiscal year. This brings the total year-end dividend to ¥278 per share.

Note: The above forecast for the final dividend is based on certain information available to the Company at the time of announcement, and actual payments of the final dividends may differ from the forecast due to actual operating results and projected funding requirements.

DISCO's dividend policy
To improve the transparency of the Company’s stance prioritizing the return of profits to shareholders, the dividend payout ratio is set at 25% of the consolidated net income.

However, notwithstanding this net income linked-benchmark, the Company will strive to maintain a reliable dividend of 10 yen per half-year.

Except when there is a loss, if the year-end balance of cash and deposits after payment of dividends and income taxes is greater than the projected funding requirements for the acquisition of technology resources, (such as through patent purchases and investment in venture businesses, facility expansion, the retirement of interest-bearing debt and other purposes), one-third of that surplus will be added to dividends.

Furthermore, the ¥20 payout stipulated in our stable dividend policy may be reviewed if there are consolidated net losses in three consecutive years.
Contact
Investors

Disclaimer
IR Sitemap
Personal Information Protection Policy
User Agreement
Use of the DISCO Corporate Name
Guarantee policy for customer using DISCO Products
Back To Top