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Takasago Tekko KK Amends Mid-year and Full-year Consolidated Outlook for FY 2014; Cancels Year-end Dividend Payment for FY 2014

Tuesday, 29 Oct 2013 01:15am EDT 

Takasago Tekko KK announced that it has raised its mid-year consolidated outlook for revenue from JPY 4,900 million to JPY 4,932 million, operating profit from JPY 65 million to JPY 107 million, ordinary profit from JPY 0 million to JPY 39 million, net profit (loss) from JPY (100 million) to JPY 233 million, and earnings (loss) per share from JPY (3.33) to JPY 7.76, for the fiscal year ending March 31, 2014. The Company also has reaffirmed its full-year consolidated outlook for revenue of JPY 10,000 million, operating profit of JPY 260 million, ordinary profit of JPY 130 million, and raised its full-year consolidated outlook for net profit from JPY 25 million to JPY 290 million, and earnings per share from JPY 0.83 to JPY 9.66, for the same fiscal year. This is due to the increase in orders for cold‐finished hoop for automobile parts and reduction in cost, as well as extraordinary profit caused by sale of property. The Company has canceled its year-end dividend payment, which was announced as an undetermined value, for the same fiscal year. 

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