Tokyo, Japan - January 25, 2002 - Trend Micro, Inc. (TSE: 4704; Nasdaq: TMIC), a worldwide leader in antivirus and Internet security solutions, today revised its earning projections for the fiscal year ending December 31, 2001, which were announced on August 3, 2001. 

Revised Consolidated Earning Projections for FY2001

(Jan 1, 2001 - Dec 31, 2001)

(in million yen)

Net Sales	Ordinary Income	Net Income
Before Revision (A) (Announced on Aug 3, 2001)	29,000	8,200	1,800
After Revision (B)	31,320	9,680	2,510
Increase (B-A)	2,320	1,480	710
Percentage Change (%)	8%	18%	39%
(Ref.) FY2000 Results	21,834	7,322	4,722

Revised Non-Consolidated Earning Projections for FY2001

(Jan 1, 2001 - Dec 31, 2001)

(in million yen)

Net Sales	Ordinary Income	Net Income
Before Revision (A) (Announced on Aug 3, 2001)	14,000	3,000	-2,000
After Revision (B)	18,450	7,720	520
Increase (B-A)	4,450	4,720	2,520
Percentage Change (%)	32%	157%	-
(Ref.) FY2000 Results	9,426	2,533	2,038

Reasons for the Above Revisions

Trend Micro amended its earning projections due to an unexpected increase in demand for antivirus products in Japan and Europe. In Japan revenue growth from desktop products was stronger than expected, and outside Japan the weak yen improved revenue. Non-consolidated net sales were higher than expected because the royalty rates charged to subsidiaries, which we had anticipated decreasing, remained constant. The company will announce financial results for the fiscal year 2001 on February 7, 2002.
 

Notice Regarding Forward Looking Statements

These forward-looking statements include statements regarding our expectations about our earnings for the fiscal year ending December 31,2001. Many important factors could cause our actual results to differ materially from those expressed in our forward-looking statements. These factors include:

• Customer acceptance of our new products and services 
• The impact of competing products and services 
• Difficulties in adapting our products and services to the Internet 
• Difficulties in addressing new virus and other computer security problems 
• The potential lack of attractive investment targets and difficulties unsuccessfully executing our investment strategy 
• Declining prices for our products and services
• We assume no obligation to update any forward-looking statements. For more details regarding risk factors relating to our future performance, please refer to our filings with the SEC including our annual report on Form 20-F that was filed on June 29, 2001.