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Nippon Meat Packers Inc Amends Consolidated Full-year Outlook and Raises Year-end Dividend Forecastfor FY 2013


Wednesday, 8 May 2013 02:20am EDT 

Nippon Meat Packers Inc announced that it has lowered its consolidated full-year outlook for revenue from JPY 1,040,000 million to JPY 1,022,800 million and operating profit from JPY 30,000 million to JPY 28,000 million, but raised the outlook for ordinary profit from JPY 25,500 million to JPY 28,000 million, net profit from JPY 13,500 million to JPY 16,400 million and earning per share from JPY 63.66 to JPY 78.10, for the fiscal year ended March 2013. The Company lowered the revenue outlook due to the decreased sales, lowered the operating profit outlook due to the higher feed price and fuel cost, and raised the net profit outlook due to the received insurance payout, the record of exchange profit on subsidiary and the decreased tax cost. In addition, the Company has raised its year-end dividend forecast from JPY 17 per share announced on May 14, 2012, to JPY 24 per share, for the fiscal year ended March 2013. 

Company Quote

2114.0
48.0 +2.32%
9:11pm EDT