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ANAP Inc lowers the consolidated full-year outlook for FY 2014 and to close stores


Friday, 11 Jul 2014 02:00am EDT 

ANAP Inc:Says the company lowered the consolidated full-year outlook for revenue to 8,879 million yen from 9,266 million yen for the fiscal year ending Aug. 31, 2014.Sees a decrease of operating profit forecast to a loss of 481 million yen from 0 yen.Sees a decrease of ordinary profit forecast to a loss of 465 million yen from 10 million yen.Sees a decrease of net profit forecast to a loss of 386 million yen from a loss of 54 million yen.Sees a decrease of earnings per share to a loss of 189.63 yen from a loss of 26.47 yen.Comments that increased prices of raw materials and absence of clear fashion trend are the main reasons for the forecast.To close 10 unprofitable stores expected in September.