Sanken Electric : Notice Regarding Partial Correction of "Notice of Extraordinary Losses Incurred and Revision of the Business Results Forecast for the Full Year"

To Whom It May Concern

Date: May 8, 2018
Company Name:	Sanken Electric Co., Ltd.
Representative:	Takashi Wada
Representative Director, President
Code No.:	6707 (the TSE, 1st Section)
Inquiries:	Akihiro Goto
General Manager, Finance and
Investor Relations Division
TEL:	[phone]

(Correction) Notice Regarding Partial Correction of "Notice of Extraordinary Losses Incurred and

Revision of the Business Results Forecast for the Full Year"

The Company has disclosed the "Notice of Extraordinary Losses Incurred and Revision of the Business Results Forecast for the Full Year" on March 27, 2018. In this document, the extraordinary loss as a result of the implementation of business structure reforms, additionally included in the consolidated accounts for the fiscal year ended March 2018, has been announced. However, the recorded amount after aggregation of results is found to differ, thus we are making corrections as follows. In addition, with regards to non-consolidated business results, we would also like to announce the amount for extraordinary loss as a result of the implementation of business structure reforms additionally recorded for the fiscal year ended March 2018, as it has been determined.

1. Contents of Correction (Corrections are underlined as below.)

(Before Correction)

1. Extraordinary Losses Incurred

As announced on October 25, 2017, due to implementation of business structure reforms related to the withdrawal from non-strategic market and unprofitable products, an extraordinary loss of 16,531 million yen was recorded as a business structure reform cost in the second quarter. After reviewing the areas of withdrawal and scrutinizing inventory assets, the Company has also decided on an additional disposal of inventories, and this will incur an extraordinary loss of 1,965 million yen in business structure reform cost.

(After Correction)

1. Extraordinary Losses Incurred

As announced on October 25, 2017, due to implementation of business structure reforms related to the withdrawal from non-strategic market and unprofitable products, an extraordinary loss of 16,531 million yen on a consolidated basis (18,437 million yen on a non-consolidated basis) was recorded as a business structure reform cost in the second quarter. After reviewing the areas of withdrawal and scrutinizing inventory assets, the Company has also decided on an additional disposal of inventories, and this will incur an extraordinary loss of 1,935 million yen on a consolidated basis (1,898 million yen on a non-consolidated basis) in business structure reform cost for the fiscal year ended March 2018.

2. Effects on Business Results

The details of the above corrections are reflected in the "FY2017 Consolidated Financial Results" announced today.