Apic Yamada Corporation Expects Third Quarterly Extraordinary Loss and Cancels Year-end Dividend Payment for FY 2012; Lowers FY 2012 Outlook

Apic Yamada Corporation announced that it expects to record JPY 717 million loss on plant closure caused by the flood damage as extraordinary loss for the third quarter of fiscal year ending March 2012. Therefore, the Company lowered its consolidated full-year outlook for revenue from JPY 13,400 million to JPY 10,300 million, operating profit (loss) from JPY 90 million to JPY (1,140 million), ordinary profit (loss) from JPY 350 million to JPY (1,110 million), net profit (loss) from JPY 290 million to JPY (1,850 million) and earning per share (loss) from JPY 23.33 to JPY (148.86) for the fiscal year ending March 31, 2012. This is due to the decreased sale of semiconductor and electric part businesses, as well as the decreased sale of subsidiaries. The Company also resolved to cancel its year-end dividend of JPY 2.50 per share, which was announced on May 13, 2011, for the same fiscal year.