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Sanyu Construction Co Ltd (1841.T)

1841.T on Tokyo Stock Exchange

23 May 2017
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Latest Key Developments (Source: Significant Developments)

SANYU CONSTRUCTION announces uncollectible or delayed receivables; expects extraordinary loss for FY 2016; lowers consolidated full-year net profit outlook for FY 2016
Tuesday, 15 Dec 2015 09:00pm EST 

SANYU CONSTRUCTION CO LTD:Says concern of uncollectible or delayed receivables of 535 million yen from a Tokyo-based company OPENARMS CREATION, which is engaged in real estate business.Says it expects an extraordinary loss of 491 million yen for the fiscal year ending March 2016.Says the company reaffirmed the consolidated full-year outlook for revenue at 8,200 mln yen for the fiscal year ending March 2016.Confirms the operating profit forecast at 450 mln yen.Confirms the ordinary profit forecast at 460 mln yen.Sees a decrease of net profit forecast to 10 mln yen from 280 mln yen.Sees a decrease of earnings per share to 2.84 yen from 79.46 yen.Says net profit outlook lowered due to the extraordinary loss recorded.  Full Article

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