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United States

Sanno Co Ltd (3441.T)

3441.T on Tokyo Stock Exchange

1,371JPY
9:23pm EDT
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Volume
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587,176
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Latest Key Developments (Source: Significant Developments)

Sanno lowers consolidated full-year outlook for FY 2016
Monday, 14 Mar 2016 03:35am EDT 

Sanno Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 6,500 mln yen from 7,800 mln yen for the fiscal year ending July 31, 2016.Sees a decrease of operating profit forecast to a loss of 450 mln yen from 100 mln yen.Sees a decrease of ordinary profit forecast to a loss of 500 mln yen from 90 mln yen.Sees a decrease of net profit forecast to a loss of 550 mln yen from 60 mln yen.Sees a decrease of earnings per share to a loss of 119.15 yen from 13.00 yen.Comments the market conditions and decreased sale volume are the main reasons for the forecast.  Full Article