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NICHIWA SANGYO CO LTD Lowers Mid-year and Full-year Consolidated Outlook for FY 2014


Friday, 8 Nov 2013 01:20am EST 

NICHIWA SANGYO CO LTD announced that it has lowered its mid-year consolidated outlook for revenue from JPY 25,000 million to JPY 23,800 million, operating profit (loss) from JPY 400 million to JPY (210 million), ordinary profit (loss) from JPY 500 million to JPY (130 million), net profit (loss) from JPY 250 million to JPY (70 million), and earnings (loss) per share from JPY 12.94 to JPY (3.62), for the fiscal year ending March 31, 2014. The Company also has lowered its full-year consolidated outlook for revenue from JPY 50,000 million to JPY 46,000 million, operating profit from JPY 800 million to JPY 100 million, ordinary profit from JPY 1,000 million to JPY 150 million, net profit from JPY 500 million to JPY 80 million, and earnings per share from JPY 25.88 to JPY 4.14, for the same fiscal year. The Company lowered its mid-year and full-year consolidated outlook mainly due to the increase in production cost and decrease in sales volume. 

Company Quote

203.0
-7.0 -3.33%
23 Oct 2014