DGAP-News: Ferrotec Corporation Announces Summary of Business Results for the Fiscal Year Ended March 31, 2011 [Japan GAAP] (Consolidated)

(firmenpresse) - Ferrotec Corporation

05.08.2011 09:09
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TOKYO, 2011-08-05 09:09 CEST (GLOBE NEWSWIRE) --
(Rounded down to million yen)

1. Consolidated business results for the fiscal year ended March 2011 (April 1,
2010 - March 31, 2011)



(1) Consolidated results of operations (% change from the previous
corresponding period)
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Net sales Operating income Ordinary income Net income
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Million % Million % Million % Million %
yen yen yen yen
March 57,880 83.5 6,931 885.4 6,290 -- 4,483 --
2011
March 31,541 (13.9) 703 (74.8) 524 (75.0) 156 (79.0)
2010
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(Note) Comprehensive income:

Fiscal year ended March 2011: 2,726 million yen (310.8%)

Fiscal year ended March 2011: 663 million yen (--)




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Net Diluted net Return Ratio of Ratio of
income income per on ordinary operating
per share share equity income to income to net


total sales
assets
--------------------------------------------------------------------------------
----------------
Yen Yen % % %
March 180.63 175.66 19.2 11.5 12.0
2011
March 6.58 -- 0.8 1.1 2.2
2010
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(Reference) Investment earnings/loss on equity-method:

Fiscal year ended March 2011: 37 million yen

Fiscal year ended March 2010: 0 million yen



(2) Consolidated financial position
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Total assets Net assets Shareholders' equity Net assets per
ratio share
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Million yen Million yen % Yen
March 2011 61,499 25,564 40.1 986.60
March 2010 47,963 22,581 46.1 892.19
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(Reference) Shareholders' equity:

Fiscal year ended March 2011: 24,660 million yen

Fiscal year ended March 2010: 22,129 million yen



(3) Consolidated results of cash flows
--------------------------------------------------------------------------------
-
Cash flows from Cash flows from Cash flows from Cash and cash
operating investing financing equivalents
activities activities activities at the end of
period
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---------
Million yen Million yen Million yen Million yen
March 1,832 (4,419) 4,505 7,310
2011
March 2,374 (1,521) (459) 5,867
2010
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2. Dividends



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Annual dividend Total
Divide Rate
divide
nd of
nd
payout total
(Total
ratio divide
)
(Conso nd to

lidate net

d) assets

(Conso

lidate

d)
--------------------------------------------------------------------------------
-----------
End of End of End of Year-e Annual
1Q 2Q 3Q nd
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Yen Yen Yen Yen Yen Millio
% %
n yen
Fiscal year ended Mar. 2010 -- 0.00 -- 12.00 12.00 297
182.4 1.4
Fiscal year ended Mar. 2011 -- 0.00 -- 20.00 20.00 499
11.1 2.1
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Fiscal year ending Mar. -- 0.00 -- 20.00 20.00
10.4
2012
(forecast)
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(Note) Breakdown of year-end dividend for fiscal 2011 Ordinary dividend: Yen
18.00 Commemorative dividend for the 30th anniversary of our establishment:
Yen 2.00

3?Forecast of consolidated business results for the fiscal year ending March
2012



(April 1, 2011 - March 31, 2012) (% change from the previous year)
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Net sales Operating Ordinary Net income Netincome income income
per
share
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--------
Million % Million % Million % Million % Yen
yen yen yen yen
First 33,600 41.4 3,680 64.0 3,500 84.9 2,400 78.4 92.47
half
Full 70,000 20.9 7,500 8.2 7,200 14.5 5,000 11.5 192.66
year
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4. Others

(1) Changes in significant subsidiary during the period (changes in specified
subsidiary accompanying changes in the scope of consolidation): Yes

New: 1 (company name) Hangzhou Solartech Co., Ltd. Excluded: --

(2) Changes in rules, procedures and indication methods of accounting process

(1) Changes due to revision of accounting standards: Yes

(2) Changes other than (1): None

(3) Shares outstanding (common stock)

(1) Number of shares outstanding at the end of period (treasury stock included)

Fiscal year ended March 2011 25,088,592 shares
Fiscal year ended March 2010 24,897,022 shares

(2) Treasury stock at the end of period:

Fiscal year ended March 2011 93,344 shares
Fiscal year ended March 2010 93,344 shares

(3) Average number of stock during period (cumulative period)

Fiscal year ended March 2011 24,820,473 shares
Fiscal year ended March 2010 23,754,394 shares

(Reference) Summary of non-consolidated business results

1. Non-consolidated business results for the fiscal year ended March 2011

(April 1, 2010 - March 31, 2011)



(1) Non-consolidated results of operations (% change from the previous year)
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Net sales Operating income Ordinary income Net income
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Million % Million % Million % Million %
yen yen yen yen
March 19,300 27.1 1,166 781.7 1,979 126.9 1,421 126.1
2011
March 15,181 10.0 132 -- 872 (23.9) 628 74.5
2010
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Net income Diluted net
per share income per share
----------------------------------------
Yen Yen
March 2011 57.26 55.93
March 2010 26.47 --
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(2) Non-consolidated financial position
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Total assets Net assets Shareholders' equity Net assets per
ratio share
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Million yen Million yen % Yen
March 2011 36,834 22,743 61.7 909.90
March 2010 31,015 21,424 69.1 863.76
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(Reference) Shareholders' equity:

Fiscal year ended March 2011: 22,743 million yen

Fiscal year ended March 2010: 21,424 million yen

* Implementation status of auditing procedure

This financial summary is not subject to auditing procedure pursuant to the
Financial Instruments and Exchange Act. At the time of disclosure of this
report, the auditing procedure of financial statements pursuant to the
Financial Instruments and Exchange Act has not been completed.

* Explanation regarding appropriate use of business forecasts and other special
instructions)

Forecasts regarding future performance in this material are based on
information currently available to the Company and certain assumptions that the
Company deems to be reasonable at the time this report was prepared. Actual
results may differ significantly from the forecasts due to various factors.


CONTACT: Takeru Yamamura, Director
T E L: +81-3-3281-8186
News Source: NASDAQ OMX



05.08.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: Ferrotec Corporation


Japan
Phone:
Fax:
E-mail:
Internet:
ISIN: JP3802720007
WKN:

End of Announcement DGAP News-Service

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