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Ube Industries Ltd Lowers Consolidated Full-year Outlook for FY 2013; Expects Extraordinary Loss for FY 2013; Reaffirms Dividend Forecast for FY 2013

Tuesday, 5 Feb 2013 01:15am EST 

Ube Industries Ltd announced that it has lowered the consolidated full-year outlook for revenue from JPY 638,000 million to JPY 628,000 million, operating profit from JPY 36,000 million to JPY 28,000 million, ordinary profit from JPY 30,000 million to JPY 23,500 million, net profit from JPY 16,000 million to JPY 5,500 million and earning per share from JPY 15.91 to JPY 5.47, for the fiscal year ending March 31, 2013. The negative outlook is mainly due to the delay of demand recovery for functional product and fine segment. The Company also announced that it has reaffirmed the dividend forecast at JPY 5 per share, for the fiscal year ending March 31, 2013. The Company is expecting an extraordinary loss of JPY 12.6 billion, as loss in depletion of fixed assets, for the fiscal year ending March 31, 2013. 

Company Quote

-4.0 -2.50%
24 Oct 2014