DISCO Corporation today released a preliminary report of consolidated sales figures and non-consolidated earnings results for the third quarter (3Q) of fiscal year 2012. The official financial results for the third quarter of fiscal year 2012 will be reported on February 8, 2013 to the Tokyo Stock Exchange.

1. Quarterly Consolidated Sales Figure of Fiscal Year 2012
(Million yen)
1Q
2Q
1H
3Q
4Q
2H
Full Year
Fiscal Year 2012 (A)
24,152
27,215
51,368
20,250
-
-
-
(Reference) Fiscal Year 2011 (B)
24,907
23,529
48,437
18,605
22,198
40,804
89,241
YoY Change (A/B)
(3.0%)
15.7%
6.1%
8.8%
-
-
-
QoQ Change
8.8%
12.7%
(25.6%)
-
Consolidated net sales for the third quarter of the current fiscal year amounted to ¥20,250 million. This figure represents a year-on-year increase of 8.8% and a quarter-on-quarter decline of 25.6%. Consolidated net sales for the first three quarters of the current fiscal year reached ¥71,618 million, which is equivalent to 78.2% of our latest net sales forecast of ¥91,500 million.
2. Quarterly Non-Consolidated Earnings Results of Fiscal Year 2012
(Million yen)
1Q
2Q
1H
3Q
4Q
2H
Full Year
Sales (D)
20,876
23,566
44,443
15,718
-
-
-
Operating Income (E)
1,922
3,388
5,310
404
-
-
-
Operating Income Margin (E/D)
9.2%
14.4%
11.9%
2.6%
-
-
-
Ordinary Income (F)
2,441
3,719
6,161
1,512
-
-
-
Ordinary Income Margin (F/D)
11.7%
15.8%
13.9%
9.6%
-
-
-
Net Income (G)
1,639
2,577
4,216
1,158
-
-
-
Net Income Margin (G/D)
7.9%
10.9%
9.5%
7.4%
-
-
-
Earnings Results of Fiscal Year 2011
(Million yen)
1Q
2Q
1H
3Q
4Q
2H
Full Year
Sales (H)
21,050
20,012
41,063
15,227
18,983
34,211
75,274
Operating Income (I)
2,957
1,801
4,758
337
1,772
2,110
6,869
Operating Income Margin (I/H)
14.0%
9.0%
11.6%
2.2%
9.3%
6.2%
9.1%
Ordinary Income (J)
2,891
3,118
6,010
1,675
2,067
3,742
9,753
Ordinary Income Margin (J/H)
13.7%
15.6%
14.6%
11.0%
10.9%
10.9%
13.0%
Net Income (K)
1,675
2,613
4,289
1,191
1,403
2,595
6,884
Net Income Margin (K/H)
8.0%
13.1%
10.4%
7.8%
7.4%
7.6%
9.1%
Year on Year Change
1Q
2Q
1H
3Q
4Q
2H
Full Year
Change in Sales (D/H)
(0.8%)
17.8%
8.2%
3.2%
-
-
-
Change in Operating Income (E/I)
(35.0%)
88.1%
11.6%
19.7%
-
-
-
Change in Ordinary income (F/J)
(15.6%)
19.3%
2.5%
(9.7%)
-
-
-
Change in Net Income (G/K)
(2.2%)
(1.4%)
(1.7%)
(2.8%)
-
-
-
Non-consolidated results for the third quarter show that the ratio of selling, general and administrative expenses to net sales was higher because of the lower net sales result and aggressive R&D activities. However, product mix changes were reflected in a higher GP ratio, and operating income reached ¥404 million. The operating income margin was 2.6%.
Ordinary income for the third quarter was ¥1,512 million. Contributing factors included dividends received from consolidated subsidiaries, which are eliminated from the consolidated results.
Purpose of the Preliminary Report
DISCO Corporation makes preliminary reports on non-consolidated sales, earnings results, and consolidated sales as soon as they are tabulated. The preliminary reports are intended to deliver real time information on the financial results of our company to investors. The above preliminary report of sales is based on certain information available to DISCO at the time of announcement, and actual operating results may differ from the preliminary report due to various factors.


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