Taiyo Industrial Co., Ltd. Lowers Consolidated Mid-year and Full-year Outlook for FY Ending December 2012

Taiyo Industrial Co., Ltd. announced that it has lowered its consolidated mid-year outlook for revenue from JPY 2,364 million to JPY 1,876 million, operating profit (loss) from JPY 20 million to JPY (72 million), ordinary profit (loss) from JPY 19 million to JPY (58 million), net profit (loss) from JPY (2 million) to JPY (69 million) and earning per share (loss) from JPY (0.46) to JPY (11.84) for the fiscal year ending December 20, 2012. The Company also lowered its consolidated full-year outlook for revenue from JPY 4,890 million to JPY 4,069 million, operating profit (loss) from JPY 109 million to JPY (76 million), ordinary profit (loss) from JPY 100 million to JPY (70 million), net profit (loss) from JPY 38 million to JPY (96 million) and earning per share (loss) from JPY 6.60 to JPY (16.52) for the fiscal year ending December 20, 2012. This is due to the decreased sale of electronic substrate businesses.