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NIPPON PAINT CO LTD Raises Consolidated Mid-year and Full-year Outlook for FY 2014


Friday, 19 Jul 2013 02:30am EDT 

NIPPON PAINT CO LTD announced that it has raised its consolidated mid-year outlook for revenue from JPY 125,000 million to JPY 126,000 million, operating profit from JPY 13,000 million to JPY 16,000 million, ordinary profit from JPY 15,500 million to JPY 21,500 million, net profit from JPY 10,000 million to JPY 14,500 million and earning per share from JPY 37.78 to JPY 54.78 for the fiscal year ending March 31, 2014. The Company also announced that it has raised its consolidated full-year outlook for revenue from JPY 252,000 million to JPY 253,000 million, operating profit from JPY 27,000 million to JPY 30,000 million, ordinary profit from JPY 33,000 million to JPY 39,000 million, net profit from JPY 21,000 million to JPY 25,500 million and earning per share from JPY 79.33 to JPY 96.33 for the fiscal year ending March 31, 2014. The positive outlook is mainly due to steady sales performance and reduction of material costs. According to I/B/E/S Estimates, analysts on average were expecting the Company to report full-year revenue of JPY 252.98 billion, operating profit of JPY 30.70 billion and net income of JPY 22.58 billion. 

Company Quote

3420.0
35.0 +1.03%
19 Dec 2014