Notice Concerning Differences between Forecasts and Actual Consolidated Financial Results for the Fiscal Year Ended December 31, 2016

 
February 16, 2017

Trend Micro, Inc.
Eva Chen, Representative Director, President,
Chief Executive Officer
First Section of the Tokyo Stock Exchange
Code: 4704

Trend Micro announced today that differences between its consolidated forecast for the fiscal year ended December 31, 2016 (announced on February 18, 2016) and the actual financial results announced today.

1. Differences between Forecasts and Actual Financial results for the fiscal year ended December 31, 2016 (January 1 to December 31, 2016)

  Net sales
Operating Income
Ordinary Income
Net income attributable to owners of the parent
Net income per share
Forecast previously announced (A)
Million Yen
138,800
Million Yen
27,300
Million Yen
28,900
Million Yen
18,700
Yen
136.58
Financial Results (B)
131,936
34,360
35,138
24,651
179.63
Change (B-A)
-6,863
7,060
6,238
5,951
 
Change (%)
-4.9%
+25.9%
+21.6%
+31.8%
 
(Reference) FY 2015
124,317
30,976
34,071
21,435
157.71

2. Reason for differences

Net sales actual was underperformed compared with forecast mainly due to stronger Yen than expected. While, Operating Income, Ordinary Income and Net income attributable to owners of the parent were exceeded much respectively because stock option related expenses, marketing expenses were much less than expected, and they covered less net sales than expected.