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

DISCO Corporation today released the expected results against the business forecast and estimated dividend for the entire fiscal year ending on March 2018 (announced on February 6, 2018). Furthermore, based on factors such as the most recent trends, the business forecast for the first quarter (April to June) of the fiscal year ending on March 2019 has been revised as described below.

Revision of Business Forecast for Fiscal Year Ending on March 2018

Revised consolidated forecast for the year ending March 31, 2018

(April 1, 2017 - March 31, 2018) (Millions of yen)
Net sales Operating income Ordinary income Net income Net income per share
(yen)
Previous forecast (A) 164,300 50,100 50,200 35,100 977.14
Revised forecast (B) 167,364 50,995 52,690 37,172 1,035.68
(B)-(A) 3,065 896 2,491 2,072
% change 1.9 1.8 5.0 5.9
(Reference)
Results for the previous fiscal year
(the year ending March 31, 2017)
134,204 31,341 31,726 24,203 675.82

Revised non-consolidated forecast for the year ending March 31, 2018

(April 1, 2017 - March 31, 2018) (Millions of yen)
Net sales Operating income Ordinary income Net income Net income per share
(yen)
Previous forecast (A) 139,900 38,700 41,100 29,400 818.46
Revised forecast (B) 141,892 38,846 42,340 30,338 845.27
(B)-(A) 1,993 146 1,240 938
% change 1.4 0.4 3.0 3.2
(Reference)
Results for the previous fiscal year
(the year ending March 31, 2017)
113,297 21,744 24,276 19,361 540.64
Revision of Business Forecast for First Quarter (April to June) of Fiscal Year Ending on March 2019

Revised consolidated forecast for the 1Q of the year ending March 31, 2019

(April 1, 2018 - June 30, 2018) (Millions of yen)
Net sales Operating income Ordinary income Net income Net income per share
(yen)
Previous forecast (A) 47,100 15,800 15,900 11,100 309.01
Revised forecast (B) 37,900 9,800 10,000 6,800 189.30
(B)-(A) (9,200) (6,000) (5,900) (4,300)
% change (19.5) (38.0) (37.1) (38.7)
(Reference)
Results for the 1Q of the previous fiscal year (1Q of the year ending March 31, 2018)
44,414 15,107 14,929 10,672 297.55

Revised non-consolidated forecast for the 1Q of the year ending March 31, 2019

(April 1, 2018 - June 30, 2018) (Millions of yen)
Net sales Operating income Ordinary income Net income Net income per share
(yen)
Previous forecast (A) 40,500 12,800 24,000 20,100 559.56
Revised forecast (B) 32,700 8,100 17,800 15,300 425.92
(B)-(A) (7,800) (4,700) (6,200) (4,800)
% change (19.3) (36.7) (25.8) (23.9)
(Reference)
Results for the 1Q of the previous fiscal year (1Q of the year ending March 31, 2018)
37,645 11,392 13,172 9,758 272.06

Reason for the revisions

After careful examination of the business forecast of the DISCO group based on the market environment and recent business trends of the semiconductor and electronic component industries, in which DISCO conducts its business operations, the forecast for the first quarter of the fiscal year ending on March 2019 has been revised from the previously announced figures.

Furthermore, due to the difficulty to predict demand in the semiconductor and electronic component industries because of drastic fluctuations over short periods in customers’ willingness to invest, the business forecasts will now be released one quarter in advance, as opposed to the previous method of two quarters in advance.

The consolidated business results for the entire fiscal year ending on March 2018 are scheduled to be officially announced on May 9.

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.

Revised dividend forecasts for Fiscal Year Ending on March 2018
(yen) Dividend per share
1Q-end 2Q-end 3Q-end Year-end dividend Annual dividend
Previous forecast
released on February 6, 2018
- - - 191 332
Revised forecast - - - 248 389
Results for this year - 141 -
(Reference)
Results for previous year
- 83 - 291 374

Reason

Regarding the year-end dividend, based on the expected consolidated results, in addition to the performance-linked dividend according to the net income of the second half of the fiscal year (JPY 119), an additional dividend in accordance with the dividend policy for the second half (JPY 129) is predicted because of surplus funds at the end of the fiscal year.

The actual year-end dividend amount will be announced together with the full-year business results.

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