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Maruichi Steel Tube Ltd Amends Full-year Consolidated Outlook for FY 2014; Raises Year-end Dividend Forecast for FY 2014


Thursday, 7 Nov 2013 09:20pm EST 

Maruichi Steel Tube Ltd announced that it has lowered its full-year consolidated outlook for revenue from JPY 136,000 million to JPY 135,700 million, and raised its full-year consolidated outlook for operating profit from JPY 17,400 million to JPY 19,000 million, ordinary profit from JPY 19,500 million to JPY 20,700 million, net profit from JPY 11,700 million to JPY 12,100 million, and earnings per share from JPY 138.09 to JPY 142.80, for the fiscal year ending March 31, 2014. The Company lowered its full-year consolidated outlook for revenue mainly due to the delay in launch of liquid zinc plating line, and raised its full-year consolidated outlook for operating profit, ordinary profit and net profit mainly due to the increase in sales volume and sales price caused by business environment. According to I/B/E/S Estimates, analysts on average are expecting the Company to report its full-year consolidated outlook for revenue of JPY 136,650 million, operating profit of JPY 18,200 million and net profit of JPY 12,640 million, for the same fiscal year. The Company has raised its year-end dividend forecast from JPY 37.00 per share to JPY 42.50 per share, for the same fiscal year. 

Company Quote

2549.0
-7.0 -0.27%
26 Dec 2014