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Nisshin Steel Holdings Co Ltd Amends Consolidated Full-year Outlook for FY 2014; Expects Extraordinary Loss for Q2 of FY 2014


Friday, 8 Nov 2013 12:00am EST 

Nisshin Steel Holdings Co Ltd announced that it has lowered consolidated full-year outlook for revenue from JPY 557,000 million to JPY 548,000 million, but raised the outlook for operating profit from JPY 12,000 million to JPY 17,000 million, ordinary profit from JPY 14,000 million to JPY 19,000 million, net profit from JPY 12,000 million to JPY 15,500 million, earnings per share from JPY 120.07 to JPY 155.1 for the fiscal year ending March 2014. The positive profit outlook is mainly due to steady progress of steel material business. The Company is also expecting an extraordinary loss of JPY 1.7 billion, due to fire accident happened in a subsidiary's workshop, for the second quarter of fiscal year ending March 2014. 

Company Quote

1042.0
10.0 +0.97%
21 Nov 2014