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NORITAKE CO LTD Lowers Consolidated Mid-year and Full-year Outlook for FY 2014


Friday, 27 Sep 2013 02:30am EDT 

NORITAKE CO LTD announced that it has lowered the consolidated mid-year outlook for revenue from JPY 45,000 million to JPY 42,000 million, operating profit (loss) from JPY 0 million to JPY (500 million), ordinary profit from JPY 400 million to JPY 0 million, net profit from JPY 200 million to JPY 150 million, earning per share from JPY 1.34 to JPY 1 for the fiscal year ending March 31, 2014. The Company has also announced that it has lowered the consolidated full-year outlook for revenue from JPY 92,000 million to JPY 89,000 million, operating profit from JPY 600 million to JPY 400 million, ordinary profit from JPY 1500 million to JPY 1300 million, net profit from JPY 1000 million to JPY 800 million, earning per share from JPY 6.68 to JPY 5.35 for the fiscal year ending March 31, 2014. The negative outlook si mainly due to impact on order by customers' adjustment of inventory of industrial material and electronics paste business, as well as lower-than-expected sales of drying forge and kiln business. 

Company Quote

284.0
-9.0 -3.07%
27 Mar 2015