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Suminoe Textile Co Ltd Expects Extraordinary Loss and Amends Full-year Consolidated Outlook for FY 2013; Reaffirms Year-end Dividend Forecast for FY 2013


Tuesday, 14 May 2013 03:00am EDT 

Suminoe Textile Co Ltd announced that it expects the extraordinary loss of JPY 1,161 million caused by business restructuring cost, for the fiscal year ending May 31, 2013. As a result, the Company has reaffirmed its full-year consolidated outlook for revenue of JPY 81,000 million, operating profit of JPY 2,000 million, ordinary profit of JPY 2,350 million, and lowered its full-year consolidated outlook for net profit from JPY 1,500 million to JPY 640 million, and earnings per share from JPY 19.86 to JPY 8.47, for the fiscal year ending May 31, 2013. The Company lowered its full-year consolidated outlook net profit mainly due to the extraordinary loss caused by business restructuring cost. The Company has reaffirmed its year-end dividend forecast of JPY 2.5 per share, for the same fiscal year. 

Company Quote

289.0
11.0 +3.96%
18 Dec 2014