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Oct 30, 2009

Announcement on Financial Forecast Revision

The financial forecast announced on July 31, 2009 has been revised based on recent business trend as follows.

Consolidated financial forecast revision for the fiscal year ending March 31, 2010
(April 1, 2009 - March 31, 2010)
  Net sales
(Millions of yen)
Operating income
(Millions of yen)
Ordinary income
(Millions of yen)
Net income
(Millions of yen)
Net income
per share(yen)
Previous forecast (A) 318,000 -57,000 -55,000 -38,000 -212.32
Revised forecast (B) 360,000 -35,000 -31,500 -27,000 -150.84
Change (B-A) 42,000 22,000 23,500 11,000 -
Change ratio (%) 13.2 - - - -
Results for the year ended March 31, 2009 508,082 14,710 20,555 7,543 42.15

Reason for revision
Although there is a risk of protracted recession because of deteriorating employment conditions in Europe and North America, it is expected that the overall economy, and Asia in particular, will experience a modest recovery. In the semiconductor-related market, a full-scale recovery has yet to be achieved, but there are expectations that capital investment by semiconductor manufacturers will gradually increase, as evidenced by the recovery in semiconductor prices and the rising operating rates for production equipment. Under these conditions, the Company expects sales of semiconductor production equipment and FPD production equipment, its main businesses, to increase during fiscal year compared to the earlier forecast.
Taking these circumstances into account, the Company has revised the forecast of consolidated financial results for the entire fiscal year.

Note: The content of the financial forecast as described in this financial statement is based on certain reasonable assumptions, drawing on the information currently available such as the economic situation in Japan and throughout the world and other variable factors that have impact on the financial results of the Company.
These assumptions may be influenced by market conditions, competitive conditions, the introduction of new products and their success or failure, the global condition of the semiconductor industry and other uncertainties. Therefore, actual sales and profit may differ significantly from the forecast.
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