TOKYO, April 23 /Xinhua-PRNewswire-FirstCall/ -- Trend Micro (TSE: 4704; Nasdaq: TMIC), a leader in network antivirus and Internet content security software and services, today announced that the forecast of financial results for the first quarter of fiscal year ending December 31, 2007, which were announced on February 21, 2007, has been revised as set forth below:
1. Revision of forecast of financial results for the fourth quarter of
FY2007 (U.S. GAAP)
(January 1, 2007 to March 31, 2007)
(in millions of yen)
Net Sales Operating Net Income
Income
Forecast previously
publish (A) 23,000 5,500 2,850
Revision made (B) 23,100 6,500 4,200
Difference (B-A) +100 +1,000 +1,350
Ratio of increase or
decrease +0.4% +18.2% +47.4%
2. Reason for Revision
Net sales forecast is close on original forecasts.
We now forecast for the first quarter costs around 16.6 billion yen. It could fall below 17.5 billion that we expected because mainly the cost of sales and US marketing cost might be under spent. As the result, operating income forecast is 18.2% above original forecasts.
Net income forecast is 47.4% above original forecasts due to higher than expected mainly non-operating income including interest income, etc.
In summary, as a result of this revision, compared to the previous forecast of the first quarter, there are all increases of 0.4% in net sales, 18.2% in operating income, and 47.4% in net income, respectively.
Notice Regarding Forward-looking Statements
Certain statements that we make in this release are forward-looking statements. These forward-looking statements are based upon management's current assumptions and beliefs in light of the information currently available to it, but involve known and unknown risks and uncertainties. Many important factors could cause our actual results to differ materially from those expressed in our forward-looking statements. These factors include:
-- Difficulties in addressing new virus and other computer security
problems
-- Timing of new product introductions and lack of market acceptance for
our new products
-- The level of continuing demand for, and timing of sales of, our
existing products
-- Rapid technological change within the antivirus software industry
-- Changes in customer needs for antivirus software
-- Existing products and new product introductions by our competitors
and the pricing of those products
-- Declining prices for products and services
-- The effect of future acquisitions on our financial condition and
results of operations
-- The effect of adverse economic trends on our principal markets
-- The effect of foreign exchange fluctuations on our results of
operations
-- An increase in the incidence of product returns
-- The potential lack of attractive investment targets and
-- Difficulties in successfully executing our investment strategy
We assume no obligation to update any forward-looking statements. For more details regarding risk factors relating to our future performance, please refer to our filings with the U.S. Securities and Exchange Commission.
About Trend Micro, Inc.
Trend Micro, Inc. is a leader in network antivirus and Internet content security software and services. The Tokyo-based corporation has business units worldwide. Trend Micro products are sold through corporate and value-added resellers and managed service providers. For additional information and evaluation copies of all Trend Micro products, visit our Web site, www.trendmicro.com .
Trend Micro, the t-ball logo, OfficeScan, PC-cillin, and VirusWall are trademarks or registered trademarks of Trend Micro Incorporated. TrendLabs is a service mark of Trend Micro Incorporated. All other company or product names may be trademarks or registered trademarks of their owners.
For additional Information
Mr. Mahendra NegiChief Financial Officer / IR Officer
Phone: +81-3-5334-4899
Fax: +81-3-5334-4874
Email: ir@trendmicro.co.jp