On October 19, 2006, Sony Corp held a press conference to announce a downward revision of its FY2006 consolidated earnings forecasts. The company lowered its previous operating income estimate announced in July 2006 by 80 billion to 50 billion. Of the 80 billion, the impact of its Li-ion secondary batteries for notebook PCs, which led to the company's recall and replacement decision after a series of fire generation accidents, accounts for 51 billion as of today. On this battery issue, Sony said it will hold another press conference to explain its technical analysis, along with full details of its voluntary replacement program.