Alps Electric Co., Ltd. Amends Consolidated Full-year Outlook for FY 2012

Alps Electric Co., Ltd. announced that it has raised its consolidated full-year outlook for revenue from JPY 519,000 million to JPY 522,000 million, but lowered the outlook for operating profit from JPY 16,000 million to JPY 14,500 million, ordinary profit from JPY 13,500 million to JPY 12,000 million, net profit from JPY 5,500 million to JPY 3,000 million and earnings per share from JPY 30.69 to JPY 16.74, for the fiscal year ending March 2012. The Company raised the revenue outlook due to the increased sales, and lowered the profit outlook due to the impact of the higher yen and the higher materials price, among others. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 516.34 billion and net profit of JPY 5.15 billion.