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Nakayama Steel Works Ltd (5408.T)

5408.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Nakayama Steel Works amends consolidated mid-year and full-year outlook for FY 2016
Friday, 31 Jul 2015 03:00am EDT 

Nakayama Steel Works Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 67,000 million yen from 69,000 million yen for FY ending March 2016.Sees an increased operating profit forecast to 2,200 million yen from 1,700 million yen.Sees an increased ordinary profit forecast to 2,000 million yen from 1,400 million yen.Sees an increased net profit forecast to 1,800 million yen from 1,000 million yen.Sees an increase of earnings per share to 3.32 yen from 1.85 yen per share.Says the company lowered the consolidated full-year outlook for revenue to 138,000 million yen from 140,000 million yen for FY ending March 2016.Sees an increased operating profit forecast to 4,800 million yen from 4,300 million yen.Sees an increased ordinary profit forecast to 4,000 million yen from 3,400 million yen.Sees an increased net profit forecast to 3,300 million yen from 2,500 million yen.Sees an increase of earnings per share to 6.09 yen from 4.62 yen per share.Comments the sales decrease and raw material costs reduction are the main reasons for the forecast.  Full Article

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