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System Location Co Ltd (2480.T)

2480.T on Tokyo Stock Exchange

29 May 2017
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¥12 (+1.58%)
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Latest Key Developments (Source: Significant Developments)

System Location lowers consolidated full-year outlook for FY 2016
Wednesday, 20 Jan 2016 02:30am EST 

System Location Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 1,030 mln yen from 1,300 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 210 mln yen from 400 mln yen.Sees a decrease of ordinary profit forecast to 250 mln yen from 433 mln yen.Sees a decrease of net profit forecast to 160 mln yen from 270 mln yen.Sees a decrease of earnings per share to 45.40 yen from 76.58 yen.Comments the influence from yen devaluation lower gross margin rate in core businesses are the main reasons for the forecast.  Full Article

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