Godo Steel Ltd (5410.T) Key Developments | Reuters.com
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Godo Steel Ltd amends consolidated mid-year outlook and dividend forecast for FY 2015

Friday, 1 Aug 2014 01:00am EDT 

Godo Steel Ltd:Says the company amended the consolidated mid-year outlook for the FY ending March 2015.Revenue forecast decreased to 67,000 million yen from 69,000 million yen.Operating profit forecast increased to 1,500 million yen from 1,300 million yen.Ordinary profit forecast increased to 1,900 million yen from 1,400 million yen.Net profit forecast increased to 1,300 million yen from 1,100 million yen.Earnings per share forecast increased to 8.06 yen from 6.82 yen.Comments that deterioration of the export environment, delayed recovery in the domestic steel market and effective cost control are the main reasons for the forecast.Says it raised the mid-year dividend forecast to 1.5 yen per share from 0 yen per share and lowered the year-end dividend forecast to 3 yen per share from 0 yen per share for the FY ending March 2015. 

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