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Maruichi Steel Tube Ltd Amends Consolidated Full-year Outlook and Raises Year-end Dividend Forecast for FY 2013

Wednesday, 6 Feb 2013 01:30am EST 

Maruichi Steel Tube Ltd announced that it has lowered its consolidated full-year outlook for revenue from JPY 118,600 million to JPY 117,700 million, but raised the outlook for operating profit from JPY 14,400 million to JPY 15,000 million, ordinary profit from JPY 15,900 million to JPY 17,000 million, net profit from JPY 7,000 million to JPY 9,900 million and earning per share from JPY 82.41 to JPY 116.55, for the fiscal year ending March 2013. The Company raised the profit outlook due to the cost reduction and the record of JPY 5,900 million on reversal of the revaluation of investment securities, among others. In addition, the Company has raised its year-end dividend forecast from JPY 26.00 per share announced on November 7, 2012, to JPY 39.50 per share, for the fiscal year ending March 2013. 

Company Quote

31.0 +1.20%
31 Oct 2014