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TOKYO TEKKO CO LTD Lowers Consolidated Full-year Outlook for FY 2014

Thursday, 31 Oct 2013 01:00am EDT 

TOKYO TEKKO CO LTD announced that it has lowered its consolidated full-year outlook for revenue from JPY 59,000 million to JPY 58,000 million, operating profit from JPY 2,600 million to JPY 1,100 million, ordinary profit from JPY 2,500 million to JPY 1,000 million, net profit from JPY 1,400 million to JPY 550 million and earning per share from JPY 31.32 to JPY 12.31 , for the fiscal year ending March 2014. This is due to the decreased demands, the delayed construction and the higher steel scrap price. 

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10:25pm EDT