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Nippon Chemical Industrial Co Ltd Amends Consolidated Full-year Outlook for FY 2013; Cancels Year-end Dividend for FY 2013


Tuesday, 12 Mar 2013 03:00am EDT 

Nippon Chemical Industrial Co Ltd announced that it has reaffirmed the consolidated full-year outlook for revenue at JPY 32,800 million, operating profit (loss) at JPY (1,000 million), ordinary profit (loss) at JPY (1,300 million), but has lowered the consolidated full-year outlook for net profit (loss) from JPY (1,400 million) to JPY (3,800 million) and earning (loss) per share from JPY (15.91) to JPY (43.19) for the fiscal year ending March 31, 2013. The negative outlook is mainly due to record of extraordinary loss on disposal of fixed assets. The Company also announced that it has decided to cancel the year-end dividend for the fiscal year ending March 31, 2013. The latest dividend forecast was an undetermined value disclosed on September 25, 2012. 

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