Notice for a Loss on Valuation of Investment Securities in the First Quarter of the Fiscal Year Ended March 2010
Fukuda Denshi Co., Ltd. announced that a loss on valuation of investment securities was recorded in its financial results for the first quarter of the fiscal year ended March 2010 as follows.
The loss on valuation of investment securities is booked according to the method specified in the bylaws. It may or may not be booked in the financial results for the remaining quarters of this fiscal year, and its amount may fluctuate if it is booked, depending on the current value of the securities on the closing date of respective quarters.
Total amount of loss on valuation of investment securities in the first quarter of the fiscal year ended March 2010 (on a consolidated basis)
|(A)Total amount of loss on valuation of investment securities in the first quarter of the fiscal year ended March 2010||657 million ¥|
|(B)Net assets for the fiscal year ended March 2009 (A / B × 100)||74,795 million ¥ (0.9%)|
|(C)Ordinary income for the fiscal year ended March 2009 (A / C × 100)||6,711 million ¥ (9.8%)|
|(D)Net income for the fiscal year ended March 2009 (A / D × 100)||3,770 million ¥ (17.4%)|
* The investment securities in each quarter are valued at a lower cost or the market. The end of the settling term (fiscal year) of our company is March 31.
The impact that the loss on valuation of investment securities may have on the forecast of financial results announced on May 15, 2009 is still under close investigation, and any revisions that need to be made will be announced as soon as they emerge.
The forecasted financial results and other future projections in this material are based on information available at present, and entail potential risks and uncertainties. Accordingly, readers should be aware that actual results may differ from the forecast figures depending on the future business environment.