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Nippon Synthetic Chemical Industry Co Ltd Raises Consolidated Mid-year and Full-year Outlook for FY 2014


Wednesday, 31 Jul 2013 02:00am EDT 

Nippon Synthetic Chemical Industry Co Ltd announced that it has raised consolidated mid-year outlook for revenue from JPY 48,500 million to JPY 50,000 million, operating profit from JPY 6,800 million to JPY 7,800 million, ordinary profit from JPY 6,800 million to JPY 8,000 million, net profit from JPY 4,300 million to JPY 5,000 million, earning per share from JPY 44.14 to 51.33 for the fiscal year ending March 31, 2014. The Company has also announced that it has raised consolidated full-year outlook for revenue from JPY 110,000 million to JPY 113,000 million, operating profit from JPY 15,500 million to JPY 17,000 million, ordinary profit from JPY 15,500 million to JPY 17,200 million, net profit from JPY 9,800 million to JPY 10,700 million, earning per share from JPY 100.61 to 109.85 for the fiscal year ending March 31, 2014. The positive outlook is mainly due to increase of sales. According to I/B/E/S Estimates, analysts on average were expecting the Company to report full-year revenue of JPY 112 billion, operating profit of JPY 17 billion and net income of JPY 10.85 billion. 

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