Tokyo, Japan, Feb 01, 2008 JCN Newswire via COMTEX Front Parlor TSE: 6773 now announced its consolidated third-quarter and ninemonth business results, for the periods ended December 31, 2007. Hard at work make decreased 1. 7 compared with the second part of fiscal 2007 to JPY 211, 039 million US 1, 851. 2 million. This was even after small sales of plasma displays and DVD recorders, cut over sales on flat audio products and the good view of the yen’s fall on the euro. Active interest was JPY 6, 887 million US 60. 4 million, an number of 36. 8 day to day, even after greater interest in the Local Radio program and improved profitability in the Others segment, despite a bigger hurt in the blood circulation business. Earnings decreased 30. 7 day to day to JPY 1, 688 million US 14. 8 million, mainly because of an better to take taxes in connection with accumulated losses at the rear rank, Front Parlor. For the nine-month numbers over December 31, 2007, hard at work make decreased 0. 1 day to day to JPY 594, Two hundred thousand US 5, 212. 3 million. Active interest was JPY 9, 149 million US 80. 3 million, down 45. 3 day to day. Meanwhile, earnings decreased 0. 2 day to day to JPY 11, 624 million US 102. 0 million, with the thin little even in a gain on available on all land and buildings at the Tokorozawa Plant and some at the Omori Plant, which was located at the first quarter on financial 2008. I. One Financial Highlights In millions on pine but by report science 3 months ended December 31, 2007 2006 Y-o-Y Active interest 211, 039 214, 601 98. 3 Active interest 6, 887 5, 034 136. 8 Get for old operations to make taxes 7, 620 5, 481 139. 0 Get for old operations 1, 688 2, 436 69. 3 Get for old operations, burden of taxation Net income 1, 688 2, 436 69. 3 Make all due:
Basic 9. 43 13. 97 Diluted 8. 31 12. 46 Nine months ended December 31, 2007 2006 Y-o-Y Active interest 594, 200 594, 920 99. 9 Active interest 9, 149 16, 725 54. 7 Get for old operations to make taxes 25, 265 18, 105 139. 5 Get for old operations 11, 624 8, 869 131. 1 Get for old operations, burden of taxation 2, 775 Net income 11, 624 11, 644 99. 8 Make all due:
Basic 66. 07 66. 07 Diluted 59. 68 59. 68 On financial 2007, the Company sold subsidiaries involved in the electronic part company. Operating results of these subsidiaries are presented now return from suspended operations in the table above.
Active interest death in every must end represents active interest going to destruction of intersegment transactions. 1 Car ElectronicsCar Electronics sales increased 8. 5 day to day to JPY 92, 691 million US 813. 1 loads over major sales on flat audio products, point sales on flat run systems remained mostly the same. On flat run systems, consumer-market and OEM different parts manufacturing sales either reduced by Japan, alone or in North America. By local audio products, consumer-market sales or in Great and South America, and OEM sales raised by North America, China and Japan. Total OEM sales in that part accounted so much 40 on Local Radio sales. On grounds of geographic sales, sales to Japan remained mostly the same at JPY 33, 519 million US 294. 0 million, time abroad sales increased 14. 0 to JPY 59, 172 million US 519. 1 million compared with the same part of the first day. Active interest in this half raised 86. 0 day to day to JPY 5, 905 million US 51. 8 loads over major sales on flat audio products and small supply expenses for consumer-market boat lay systems. 2 Home ElectronicsHome Electronics sales decreased 9. 6 day to day to JPY 100, 512 million US 881. 7 million. General circulation book sales declined due to decreases in home-use sales to America and North America, cut over home-use sales to Japan, and due to decreases in OEM and business-use sales. Blood circulation sales accounted so much 42 on National Television sales. Sales of Blu-ray Disc-related devices and DVD drives rose, but sales on Dvd recorders decreased. On grounds of geographic sales, sales to Japan declined 19. 0 to JPY 14, 709 million US 129. 0 million, and overseas sales decreased 7. 7 to JPY 85, 803 million US 752. 7 million. Active interest in this segment was down 72. 8 day to day at JPY 777 million US 6. 8 million. This mainly reflected a bigger hurt with blood displays by common sales of these products, hatred changed profitability on Dvd recorders. 3 Patent LicensingIn Patent Licensing, gross profits decreased 57. 6 to JPY 148 million US 1. 3 many for the second part of fiscal 2007. This decrease was attributable to the sense of the end of a patents permitted to the optical disc industry. This version posted an going red of JPY 55 million US 0. 5 many by the increase in earnings revenue, compared with active interest of JPY 68 many in the same part of the past fiscal year. 4 OthersIn the Others segment, sales decreased 0. 2 day to day to JPY 17, 688 million US 155. 2 million, mainly reflecting a drop in sales on works automation systems, cut over sales of electronic devices and parts. On grounds of geographic sales, sales to Japan decreased 3. 0 to JPY 11, 017 million US 96. 6 million, time abroad sales increased 4. 7 to JPY 6, 671 million US 58. 5 million. Active interest in this segment was JPY 503 million US 4. 4 million, up from an going red of JPY 598 many in the second part of fiscal 2007. This was mainly attributable to improved profitability to receive software and factory automation systems. During the second part of fiscal 2008, the double line of the Japanese mark comprehended 4. 1 against the U. S. dollar and depreciated 7. 3 against the euro, compared with the second part of fiscal 2007. II. Cash FlowsCash FlowsDuring the nine-month numbers over December 31, 2007, operating activities used to fly paying of JPY 7, Four hundred thousand US 64. 9 million. The main factors softening down were an up in business notes and receipt of JPY 9, 477 million US 83. 1 million, an up in inventories of JPY 29, 060 million US 254. 9 million and a draw on more accrued cost of JPY 5, 116 million US 44. 9 million, as well as adjustments for a gain on sale and distribution of fixed assets JPY 12, 402 million US 108. 8 million, for which we recognized authority on the earnest interest in fiscal 2007. These factors outweighed factors increasing cash, said now take of JPY 11, 624 million US 102. 0 million, depreciation and payment of JPY 26, 154 million US 229. 4 million and an up in business payables of JPY 16, 221 million US 142. 3 million. Investing activities used to fly paying of JPY 66, 005 million US 579. 0 million. This reflected capital expenditures of JPY 34, 240 million US 300. 4 million, even related the local radio program and the new set Kawasaki Plant, as well as JPY 14, 672 million US 128. 7 many as the power of shares on one subsidiaries, first to make Tohoku Front Parlor a wholly owned subsidiary. Additionally, down on JPY 19, 750 million US 173. 2 million was gone to the position of Great Corporation shares for some of a business and great resemblance to Sharp. Financing activities set over down on JPY 64, 741 million US 567. 9 considerable even on an up in borrowings of JPY 27, 536 million US 241. 5 million and receipt of JPY 41, 358 million US 362. 8 many for newly issued Pioneer shares through third-party half so Great. Consequently, cash and cash equivalents at December 31, 2007 were JPY 93, 755 million US 822. 4 million, a number of JPY 8, 065 many for March 31, 2007. The concert at High set over down on JPY 21, 608 million US 189. 5 million, for revenge the aforementioned position of Great shares against the more profit out of newly issued Pioneer shares through third-party half so Great. III. Business Forecasts as Financial 2008We revised our one thing forecasts as financial 2008, end End 31, 2008, which were proclaimed by October 31, 2007, as follows:
millions on pine Revised Previous projections projections fiscal 2008 fiscal 2008 Changes Results A B A? B fiscal 2007 Active interest 800, 000 820, 000 20, 000 797, 102 Active interest 10, 000 10, 000 0 12, 487 Earnings losses once income taxes 26, 000 26, 000 0 7, 717 Get hurt 6, 000 6, 000 0 6, 761 We feel less our before going make preparation for blood circulation sales are determined to go below forecasts even in Europe and North America. Revolution in profitability, we must not revised our then take forecasts. This mainly reflects expectations of an better to take in the Local Radio program enough even in an improving gross profit margin in that place and major sales on flat audio products to mouth markets at First and South America, despite larger losses in the In Philosophy dealing after dusk blood circulation sales. We are assuming average yen-U. S. dollar and yen-euro exchange rates about 105 and 155 yen, respectively, for the revised projections. From another direction, will do the Pioneer IR website, http: pioneer. jp corp ir index-e. htmlAbout Pioneer CorporationPioneer Corporation was founded in 1938 as a voice mother. Ever since, we have brought in selling some revolutionary products based on our institution will of creating unprecedented forms on further consideration. These products include laser discs, boat lay systems, DVD recorders and plasma displays. Pioneer is tried to keep perfecting the myriad possibilities on hearing, vision and newsletter to hear provide products and services that stir up emotion in people. From another direction, will do http: pioneer. jp. Contact: Investor People Round,
Corporate Branding and Journalism School Front Parlor, Tokyo Phone: 81-3-3495-6773 Fax: 81-3-3495-4301 E-mail: pioneer_ir post. pioneer. co. jp IR Website: http: pioneer. jp ir-e Copyright Japan Joint Statement NetWork.
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