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ASHIMORI INDUSTRY CO LTD Lowers Consolidated Full-year Outlook for FY 2013; Cancels Year-end Dividend for FY 2013

Monday, 25 Mar 2013 03:00am EDT 

ASHIMORI INDUSTRY CO LTD announced that it has lowered the consolidated full-year outlook for revenue from JPY 44,000 million to JPY 43,000 million, operating profit from JPY 600 million to JPY 250 million, ordinary profit from JPY 600 million to JPY 450 million, net profit from JPY 450 million to JPY 100 million and earning per share from JPY 7.94 to JPY 1.76 for the fiscal year ending March 31, 2013. The negative outlook is mainly due to decrease of sales in China and low product in China-based subsidiaries, as well as the increase of labor costs in Thailand. The Company also announced that it has decided to cancel the year-end dividend for the fiscal year ending March 31, 2013. 

Company Quote

-1.0 -0.55%
19 Dec 2014