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Ik Co Ltd Lowers Consolidated Full-year Outlook for FY 2013; Expects Extraordinary Losses for FY 2013


Monday, 8 Jul 2013 05:00am EDT 

Ik Co Ltd announced that it has lowered the consolidated full-year outlook for revenue from JPY 12,390 million to JPY 12,313 million, operating profit from JPY 300 million to JPY 205 million, ordinary profit from JPY 300 million to JPY 233 million, net profit from JPY 160 million to JPY 62 million and earning per share from JPY 90.96 to JPY 35.70 for the fiscal year ended May 31, 2013. The negative outlook is mainly due to lowered revenue in its online retail business and SKINFOOD business, among others. The Company also announced that it is expecting an extraordinary loss of JPY 17 million, as negative goodwill in the acquisition of subsidiary, for the second quarter of fiscal year ended May 2013. The Company is also expecting an extraordinary loss of JPY 22 million, as depletion loss of shops, for the fiscal year ended May 31, 2013. 

Company Quote

830.0
7.0 +0.85%
27 Nov 2014