Feeds

Elpida declares first annual profit

But figures below expectations

  • alert
  • submit to reddit

Build a business case: developing custom apps

Elpida declared its first ever annual profit yesterday as it unveiled its fourth quarter results.

For the three months to 31 March 2005, Elpida recorded revenues of ¥50.73bn ($480m), up 57.5 per cent on the year-ago quarter's ¥30.21bn ($286m). Net income went the other way, falling from a ¥490m ($4.6m) profit to a loss of ¥1.68bn ($15.9m). Earnings fell from ¥7.58 (7c) a share to a loss of ¥17.37 (16c) a share.

For the year as a whole, the company said sales reached ¥207.03bn ($2bn), up more than 106 per cent from FY2004's ¥100.44bn ($951m). Annual net income came to ¥8.21bn ($78m), a big improvement on last year's ¥26.87bn ($254m) loss.

Both revenue and income totals were below the company's expectations: ¥211-214bn ($2-2.1bn) and ¥12-16bn ($113-151m), respectively.

Company president Yukio Sakamoto said the firm must continue to drive down costs, which will be a key element in its strategy for the coming year. In part, that will mean accelerating its adoption of 90nm fabrication technology, which in the case of 512Mb ECC DDR 2 chips, for example, will yield a 51 per cent cost saving over Elpida's current 110nm process, it said.

Elpida began punching out 90nm chips on 300mm wafers earlier this month. Volume production is slated for Q4, by which time it expects 90nm parts to account for 15 per cent of its output.

Elpida will invest ¥143.6bn ($1.4bn) in new plant this fiscal year, 19 per cent more than it did last year. Most of the money will be spent on a second 300mm wafer fab, using an 80nm process.

The upshot of all this activity, the company forecast, will be a 26 per cent increase in sales to ¥260bn ($2.5bn) for FY2006. The company also predicted operating profits for next year would jump 70 per cent to ¥14bn ($133m), with a positive net income. ®

Related stories

Legal costs cut Rambus earnings
Elpida slashes FY2004 income forecast
Toshiba, Elpida prep 'industry's fastest' DRAM
Elpida samples 256Mb 800MHz DDR 2 chips
Elpida licenses 'DVD on a chip' memory tech

5 things you didn’t know about cloud backup

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer quits Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.