JX Holdings Inc Lowers Consolidated Mid-year and Full-year Outlook for FY Ending March 31, 2013

JX Holdings Inc announced that it has lowered its consolidated mid-year outlook for revenue from JPY 5,300,000 million to JPY 5,050,000 million, operating profit from JPY 80,000 million to JPY 5,000 million, ordinary profit from JPY 110,000 million to JPY 40,000 million, net profit from JPY 60,000 million to JPY 5,000 million and earning per share from JPY 24.12 to JPY 2.01 for the fiscal year ending March 31, 2013. The Company also lowered its consolidated full-year outlook for revenue from JPY 10,850,000 million to JPY 10,400,000 million, operating profit from JPY 230,000 million to JPY 150,000 million, ordinary profit from JPY 300,000 million to JPY 220,000 million, net profit from JPY 160,000 million to JPY 100,000 million and earning per share from JPY 64.33 to JPY 40.21 for the same fiscal year. This is due to the decreased price of crude oil. According to I/B/E/S Estimates, analysts on average are expecting the Company to report full-year revenue of JPY 10,648.16 billion and net profit of JPY 131.81 billion.