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RECOMM CO., LTD. to Withdraw from Manufacturing Business; Announces Extraordinary Profit and Extraordinary Loss for Q3 of FY 2013; Lowers Consolidated Full-year Outlook for FY 2013


Friday, 9 Aug 2013 02:30am EDT 

RECOMM CO., LTD. announced that its subsidiary will with draw from the information equipments manufacturing business. As a result, the Company will record a JPY 14,117,000 extraordinary profit on the business selling, and a JPY 67,830,000 extraordinary loss on the debt guarantee, among others, for the third quarter of the fiscal year ending September 2013. In addition, the Company has lowered its consolidated full-year outlook for revenue from JPY 4,501 million to JPY 4,107 million, operating profit from JPY 120 million to JPY 1 million, ordinary profit from JPY 114 million to a loss of JPY 29 million, net profit from JPY 70 million to a loss of JPY 157 million and earning per share from JPY 313.62 to a loss of JPY 703.76, for the fiscal year ending September 2013. The Company lowered the outlook due to the decreased sales, and the record of extraordinary loss, among others. 

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