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Itochu Techno-Solutions Corp Amends Mid-year and Full-year Consolidated Outlook for FY 2014


Wednesday, 16 Oct 2013 04:00am EDT 

Itochu Techno-Solutions Corp announced that it has lowered its mid-year consolidated outlook for revenue from JPY 155,000 million to JPY 147,800 million, operating profit from JPY 10,100 million to JPY 5,600 million, ordinary profit from JPY 10,100 million to JPY 5,700 million, net profit from JPY 5,600 million to JPY 3,100 million, and earnings per share from JPY 94.11 to JPY 52.10, for the fiscal year ending March 31, 2014. The Company has raised its full-year consolidated outlook for revenue from JPY 345,000 million to JPY 350,000 million, and lowered its full-year consolidated outlook for operating profit from JPY 28,000 million to JPY 25,000 million, ordinary profit from JPY 28,000 million to JPY 25,200 million, net profit from JPY 16,500 million to JPY 15,000 million, and earnings per share from JPY 277.30 to JPY 253.35, for the same fiscal year. The Company lowered its consolidated outlook for operating profit, ordinary profit and net profit mainly due to the decrease in gross margin caused by market competition, and raised its full-year consolidated outlook for revenue mainly due to the increase in orders from financial and social infrastructure area, enterprise area and orders to overseas subsidiaries. According to I/B/E/S Estimates, analysts on average are expecting the Company to report its full-year consolidated outlook for revenue of JPY 339,130 million, operating profit of JPY 24,950 million and net profit of JPY 14,560 million, for the same fiscal year. 

Company Quote

4265.0
-100.0 -2.29%
1:00am EST