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Nippon Carbon Co Ltd lowers consolidated mid-year and full-year outlook for FY 2014


Friday, 1 Aug 2014 02:00am EDT 

Nippon Carbon Co Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 14,300 million yen from 14,500 million yen for FY ending Dec. 2014.Sees a decrease of operating profit forecast to 150 million yen from 400 million yen.Sees a decrease of ordinary profit forecast to 40 million yen from 400 million yen.Sees a decrease of net profit forecast to 60 million yen from 100 million yen.Sees a decrease of earnings per share to 0.53 yen from 0.88 yen.Says the company lowered the consolidated full-year outlook for revenue to 30,500 million yen from 31,500 million yen for FY ending Dec. 2014.Sees a decrease of operating profit forecast to 900 million yen from 1,300 million yen.Sees a decrease of ordinary profit forecast to 900 million yen from 1,300 million yen.Sees a decrease of net profit forecast to 400 million yen from 600 million yen.Sees a decrease of earnings per share to 3.52 yen from 5.28 yen.FY 2014 revenues of 30.50 billion yen, reported net profit of 0.50 billion yen – Thomson Reuters I/B/E/S.Comments the less recovery than expectations in the semiconductor market and solar battery market as the main reason for the forecast. 

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