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GUNZE LTD Lowers Consolidated Full-year Outlook for FY 2013; Expects Extraordinary Loss for Q3 of FY 2013; Reaffirms Year-end Dividend Forecast for FY 2013

Monday, 4 Feb 2013 11:20pm EST 

GUNZE LTD announced that it has lowered the consolidated full-year outlook for revenue from JPY 137,000 million to JPY 133,500 million, operating profit from JPY 3,600 million to JPY 1,600 million, ordinary profit from JPY 3,400 million to JPY 1,900 million, net profit (loss) from JPY 1,600 million to JPY (1,900 million) and earning (loss) per share from JPY 8.35 to JPY (9.92) for the fiscal year ending March 31, 2013. The negative outlook is mainly due to reduction of order. The Company also announced that it is expecting an extraordinary loss of JPY 2,521 million, as depletion loss, for the third quarter of fiscal year ending March 2013. The Company also announced that it has reaffirmed the year-end dividend forecast at JPY 7.5 per share, for the fiscal year ending March 31, 2013. 

Company Quote

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21 Oct 2014