Restatement of Report of Earning Results (Consolidated) for Fiscal Year Ending December 31, 2011

Tokyo, Japan –March 29, 2012 - Trend Micro Incorporated (TSE: 4704), a global cloud security leader, today is restating its Report of Earning Results (Consolidated) for Fiscal year Ending December 31, 2011. Revised figures are underlined. 

 Amendment 1: Page.6
1. Qualitative Information on the consolidated Business Results (4) Risk factors

 <As Originally Reported> 
DETERIORATION IN OUR RELATIONSHIP WITH SOFTBANK BB CORP. COULD RESULT IN A DECREASE IN SALES OF OUR WIDE RANGE OF PRODUCTS AND SERVICES.
We depend on our relationship with SOFTBANK BB (formerly SOFTBANK COMMERCE CORP.), which has played an instrumental role in the development of our business in Japan. SOFTBANK BB also has close relationships with many resellers and systems integrators through which we sell our wide range of products and services to corporate end users in Japan. An adverse change in our relationship with SOFTBANK BB would result in decreased sales to SOFTBANK BB and could disrupt our relationship with many resellers of our wide range of products and services. This could make it difficult for us to market our wide range of products and services in Japan. Sales to SOFTBANK BB totaled approximately (Yen) 10.4 billion, or 10.9%, of our net sales in fiscal 2009, approximately (Yen) 12.3 billion, or 13.0%, of our net sales in fiscal 2010, and approximately (Yen) 12.5 billion, or 13.0%, of our net sales in fiscal 2011. Because of our dependence on SOFTBANK BB, the price of shares could fall as a result of adverse events affecting SOFTBANK BB, even if the events do not relate directly to us.

 < As Amended > 
DETERIORATION IN OUR RELATIONSHIP WITH SOFTBANK BB CORP. COULD RESULT IN A DECREASE IN SALES OF OUR WIDE RANGE OF PRODUCTS AND SERVICES.
We depend on our relationship with SOFTBANK BB (formerly SOFTBANK COMMERCE CORP.), which has played an instrumental role in the development of our business in Japan. SOFTBANK BB also has close relationships with many resellers and systems integrators through which we sell our wide range of products and services to corporate end users in Japan. An adverse change in our relationship with SOFTBANK BB would result in decreased sales to SOFTBANK BB and could disrupt our relationship with many resellers of our wide range of products and services. This could make it difficult for us to market our wide range of products and services in Japan. Sales to SOFTBANK BB totaled approximately (Yen) 10.4 billion, or 10.9%, of our net sales in fiscal 2009, approximately (Yen) 12.3 billion, or 13.0%, of our net sales in fiscal 2010, and approximately (Yen) 12.5 billion, or 13.1%, of our net sales in fiscal 2011. Because of our dependence on SOFTBANK BB, the price of shares could fall as a result of adverse events affecting SOFTBANK BB, even if the events do not relate directly to us.

 Amendment 2: Page.44
4. Consolidated financial statements (8) Notes for Consolidated Financial Statements (Segment Information) 
    3  Information of the amount of sales, profit/loss, assets, liabilities and other items by reporting segments

< As Originally Reported > 
For the previous fiscal year (from January 1, 2010 to December 31, 2010)

(Millions of yen)

  Japan North America Europe Asia Pacific Latin America Total
Sales            
   (1) Net sales to external
        customers
42,325 22,726 18,258 9,457 2,623 95,391
   (2) Intercompany sales 12,637 1,849 1,085 9,974 6 25,553
Total sales 54,962 24,576 19,343 19,431 2,630 120,944
Operating income/loss by segment 24,755 △1,648 △411 140 790 23,626
Assets by segment 81,476 31,636 23,521 19,395 6,373 162,403
Other items            
   Depreciation and amortization 3,088 1,407 447 1,062 10 6,015
   Increase in tangible and
   intangible fixed assets
3,343 3,041 505 1,662 2 8,555



 < As Amended > 
For the previous fiscal year (from January 1, 2010 to December 31, 2010)

(Millions of yen)

  Japan North America Europe Asia Pacific Latin America Total
Sales            
   (1) Net sales to external
        customers
42,325 22,726 18,258 9,457 2,623 95,391
   (2) Intercompany sales 12,637 1,849 1,085 9,974 6 25,553
Total sales 54,962 24,576 19,343 19,431 2,630 120,944
Operating income/loss by segment 24,755 △1,648 △411 140 790 23,626
Assets by segment 141,364 31,636 23,521 19,395 6,373 222,291
Other items            
   Depreciation and amortization 3,088 1,407 447 1,062 10 6,015
   Increase in tangible and
   intangible fixed assets
3,343 3,041 505 1,662 2 8,555



Amendment 3: Page.45
4. Consolidated financial statements (8) Notes for Consolidated Financial Statements (Segment Information) 
    4  Differences between total amount of reporting segments and the amounts reported in the financial statements, and the main elements (the items regarding variances adjustments)

 < As Originally Reported >

(Millions of yen)

Assets Previous fiscal year Current fiscal year
Total amount of reporting segments 162,403 217,167
Elimination in intersegments transactions 43,696 △15,402
Total assets in financial statements 206,099 201,765



< As Amended >

(Millions of yen)

Assets Previous fiscal year Current fiscal year
Total amount of reporting segments 222,291 217,167
Elimination in intersegments transactions △16,191 △15,402
Total assets in financial statements 206,099 201,765

 

About Trend Micro

Trend Micro Incorporated (TSE: 4704), a global cloud security leader, creates a world safe for exchanging digital information with its Internet content security and threat management solutions for businesses and consumers. A pioneer in server security with over 20 years' experience, we deliver top-ranked client, server and cloud-based security that fits our customers' and partners' needs, stops new threats faster, and protects data in physical, virtualized and cloud environments. Powered by the Trend Micro™ Smart Protection Network™ cloud security infrastructure, our industry-leading cloud-computing security technology, products and services stop threats where they emerge, on the Internet, and are supported by 1,000+ threat intelligence experts around the globe.

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