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Wakou Shokuhin Co Ltd Expects Extraordinary Profit for FY 2014; Amends Mid-year and Full-year Consolidated Outlook for FY 2014


Friday, 1 Nov 2013 01:30am EDT 

Wakou Shokuhin Co Ltd announced that it expects the extraordinary profit of approximately JPY 31 million caused by gain on sale of investment securities, for the fiscal year ending March 31, 2014. The Company has lowered its mid-year consolidated outlook for revenue from JPY 2,962 million to JPY 2,857 million, and raised its mid-year consolidated outlook for operating profit from JPY 71 million to JPY 95 million, ordinary profit from JPY 69 million to JPY 140 million, net profit from JPY 31 million to JPY 91 million, and earnings per share from JPY 3.83 to JPY 11.13, for the fiscal year ending March 31, 2014. The Company also has reaffirmed its full-year consolidated outlook for revenue of JPY 5,948 million, operating profit of JPY 183 million, ordinary profit of JPY 172 million, and raised its full-year consolidated outlook for net profit from JPY 64 million to JPY 100 million, and earnings per share from JPY 7.92 to JPY 12.12, for the same fiscal year. The Company raised its mid-year consolidated outlook for operating profit, ordinary profit and net profit mainly due to the increase in sales of high value-added business products, foreign exchange gain and gain on sale of investment securities. 

Company Quote

241.0
1.0 +0.42%
22 Jul 2014