Osaki Electric Co., Ltd. Amends Consolidated Mid-year and Full-year Outlook for FY 2012

Osaki Electric Co., Ltd. announced that it has lowered its consolidated mid-year outlook for revenue from JPY 23,000 million to JPY 21,500 million, but raised the outlook for operating profit from JPY 800 million to JPY 1,350 million, ordinary profit from JPY 850 million to JPY 1,500 million, net profit from JPY 650 million to JPY 900 million and earning per share from JPY 17.36 to JPY 24.43, for the fiscal year ending March 2012. In addition, the Company has also lowered its consolidated full-year outlook for revenue from JPY 50,000 million to JPY 48,000 million, but raised the outlook for operating profit from JPY 2,700 million to JPY 2,800 million, ordinary profit from JPY 2,800 million to JPY 3,000 million, net profit from JPY 1,750 million to JPY 1,800 million and earning per share from JPY 46.75 to JPY 48.87, for the fiscal year ending March 2012. The Company raised the profit outlook due to the conservation of electricity and the improved productivity, among others. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 47.90 billion and earning per share of JPY 53.57.