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Cassina Ixc. Ltd (2777.T)

2777.T on Tokyo Stock Exchange

24 May 2017
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¥-5 (-0.56%)
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Cassina Ixc. lowers consolidated mid-year outlook for FY 2015
Sunday, 2 Aug 2015 09:00pm EDT 

Cassina Ixc. Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 4,472 mln yen from 5,000 mln yen for the fiscal year ending Dec. 31, 2015.Sees a decrease of operating profit forecast to 78 mln yen from 250 mln yen.Sees a decrease of ordinary profit forecast to 85 mln yen from 240 mln yen.Sees a decrease of net profit forecast to 50 mln yen from 208 mln yen.Sees a decrease of earnings per share to 13.28 yen from 54.82 yen.Comments the lower order volume than expect, delay of sale recovery in subsidiary, increased import cost price and increased cost are the main reasons for the forecast.  Full Article

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