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Nippo Corp Raises Full-year Consolidated Outlook and Year-end Dividend Forecast for FY 2013


Tuesday, 5 Feb 2013 01:20am EST 

Nippo Corp announced that it has raised its full-year consolidated outlook for revenue from JPY 376,000 million to JPY 382,000 million, operating profit from JPY 17,000 million to JPY 20,400 million, ordinary profit from JPY 17,500 million to JPY 21,000 million, net profit from JPY 9,800 million to JPY 12,300 million, and earnings per share from JPY 82.26 to JPY 103.25, for the fiscal year ending March 31, 2013. The Company raised its full-year consolidated outlook mainly due to the smooth progress of construction works, increase in orders for manufacturing and marketing business and reduction in cost. According to I/B/E/S Estimates, analysts on average are expecting the Company to report its full-year consolidated outlook for revenue of JPY 387,000 million, operating profit of JPY 19,000 million and net profit of JPY 11,500 million, for the same fiscal year. The Company also has raised its year-end dividend forecast from JPY 12.00 per share to JPY 15.00 per share, for the same fiscal year. 

Company Quote

1779.0
-2.0 -0.11%
1:46am EDT