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Mystar Engineering Corp. Amends Mid-year Consolidated Outlook for FY Ending March 2012
Mystar Engineering Corp. announced that it has lowered its consolidated mid-year outlook for revenue from JPY 7,000 million to JPY 6,950 million, net profit from JPY 80 million to JPY 50 million and earning per share from JPY 8.77 to JPY 5.48, and raised its consolidated mid-year outlook for operating profit from JPY 150 million to JPY 155 million, ordinary profit from JPY 165 million to JPY 180 million, for the fiscal year ending March 2012. This is due to the recording of loss on valuation of investment securities.
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