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Nitta Gelatin Inc (4977.T)

4977.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Nitta Gelatin raises consolidated mid-year and full-year net profit outlook for FY 2016
Thursday, 6 Aug 2015 02:15am EDT 

Nitta Gelatin Inc:Says the company reaffirmed the consolidated mid-year outlook for revenue at 18,800 mln yen for the fiscal year ending March 31, 2016.Confirms the operating profit forecast at 600 mln yen.Confirms the ordinary profit forecast at 500 mln yen.Net profit forecast increased to 100 mln yen from a loss of 300 mln yen.Earnings per share increased to 5.44 yen from a loss of 16.33 yen.Says the company reaffirmed the consolidated full-year outlook for revenue at 38,100 mln yen for the fiscal year ending March 31, 2016.Confirms the operating profit forecast at 1,400 mln yen.Confirms the ordinary profit forecast at 1,100 mln yen.Net profit forecast increased to 500 mln yen from 200 mln yen.Earnings per share increased to 27.21 yen from 10.89 yen.Says net profit outlook raised due to the extraordinary profit recorded as gain on negative goodwill.  Full Article

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