Mr. Atsuo Kobayashi
Data Storage & Thin Film Technology Components Business Group
I'm Atsuo Kobayashi, General Manager of TDK's HDD heads business.
Fiscal 2010 1Q Sales Result, and Interim and Full-Year Sales Forecasts
The first quarter of fiscal 2010 saw volumes increase year on year. However, lower sales prices and the impact of forex fluctuations resulted in a 14% decline in first-quarter net sales to ¥62.6 billion. For the first half of fiscal 2010, we are now projecting net sales of ¥124.1 billion, up from our previous forecast of ¥87.9 billion. For the second half, our current forecast is net sales of ¥101.3 billion, versus our previous forecast of ¥99.4 billion. That means that for the full year we are projecting net sales of ¥225.4 billion, when we previously forecast ¥187.3 billion.
Product Launch Schedule
We are mass producing all 500GB/P products for 3.5-inch HDDs. With 640GB/P products, we expect to begin mass production from around the end of this year through the beginning of next year. We are also mass producing all 250GB/P products for 2.5-inch HDDs, and plan to begin mass producing 320GB/P products from summer through the end of this year.
That concludes my presentation. Thank you.