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Nakayama Steel Works Ltd Expects Extraordinary Losses for Q4 of FY 2013 and Amends Full-year Consolidated Outlook for FY 2013


Wednesday, 27 Mar 2013 08:45pm EDT 

Nakayama Steel Works Ltd announced that it expects the extraordinary loss of approximately JPY 53 billion caused by impairment loss based on business revitalization, as well as the extraordinary loss of approximately JPY 3.5 billion caused by loss on valuation of inventories based on business revitalization, for the fourth quarter of the fiscal year ending March 31, 2013. As a result, the Company has reaffirmed its full-year consolidated outlook for revenue of JPY 140,000 million, operating profit (loss) of JPY (5,000 million), ordinary profit (loss) of JPY (6,500 million), and amended its full-year consolidated outlook for net profit (loss) from an undetermined value to JPY (57,000 million), and earnings (loss) per share from an undetermined value to JPY (442.86), for the fiscal year ending March 31, 2013. This is mainly due to the extraordinary losses based on business revitalization. 

Company Quote

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29 Aug 2014