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February 18, 2008 Notice of Adjustment of Forecast of Full-Year Business Results.
Based on developments in our recent performance, we have adjusted our forecast of business results for the period ending March 31, 2008 (from April 1, 2007 to March 31, 2008), which was published at the time of announcement of the full-year closing as of April 25, 2007.

1. Adjustment of Forecast of Business Results for the Current Period (from April 1, 2007 to March 31, 2008)
(1) Adjustment of Forecast of Consolidated Business Results (Unit: millions of yen)
Sales Operating profit Ordinary profit Current net profit Current net profit per share
Previously announced forecast (A) 40,500 2,200 3,200 2,150 61 yen 44 sen
This forecast adjustment (B) 40,500 2,200 2,860 950 27 yen 14 sen
Increase or decrease (B-A) --- --- D340 D1,200 ---
Increase or decrease ratio (%) --- --- D10.6% D55.8% ---
(Reference) Business results of the previous period(Period ended March 31, 2007) 42,652 2,743 3,580 2,213 62 yen 83 sen

(2) Adjustment of Forecast of Individual Business Results (Unit: millions of yen)
Sales Operating profit Ordinary profit Current net profit Current net profit per share
Previously announced forecast (A) 38,000 1,300 1,900 1,300 37 yen 15 sen
This forecast adjustment (B) 38,000 1,470 1,950 450 12 yen 86 sen
Increase or decrease (B-A) --- 170 50 D850 ---
Increase or decrease ratio (%) --- 13.1% 2.6% D65.4% ---
(Reference) Business results of the previous period(Period ended March 31, 2007) 39,672 1,770 2,644 1,756 49 yen 86 sen

2. Reasons for Adjustment
(1) Consolidated Ordinary Profit
As profit by the equity method is expected to be lower than the initial forecast, forecast of consolidated ordinary profit has been adjusted.

(2) Current Net Profit
Regarding manufacturing and sales of Fresnel lenses for rear-projection TVs, the core product of our business, the market has rapidly been shrinking due to the emergence of plasma TVs and liquid crystal TVs. As a result, we decided on withdrawal from this business and retirement of production facilities and inventories of the business. As extraordinary losses of approximately \900 million are expected including the aforementioned retirement, we have adjusted the forecast for both consolidated and individual current net profit.

* The above forecast is based on the information which the Company has currently obtained and certain assumptions that the Company determines to be reasonable and the actual results might significantly vary from the forecast depending on various factors.
Notice of Adjustment of Forecast of Full-Year Business Results (PDF 26K)



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