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Daido Steel Co Ltd Lowers Consolidated Full-year Outlook and Amends Year-end Dividend Forecast for FY 2013

Wednesday, 31 Oct 2012 02:00am EDT 

Daido Steel Co Ltd announced that it has lowered its consolidated full-year outlook for revenue from JPY 500,000 million to JPY 450,000 million, operating profit from JPY 31,500 million to JPY 17,500 million, ordinary profit from JPY 31,500 million to JPY 17,000 million, net profit from JPY 20,000 million to JPY 10,000 million and earning per share from JPY 46.11 to JPY 23.05, for the fiscal year ending March 2013. The Company lowered the outlook due to the less-than-expected sales. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 467.54 billion and net profit of JPY 14.38 billion. In addition, the Company has also changed its year-end dividend forecast from an undetermined value to JPY 3.00 per share, for the fiscal year ending March 2013. 

Company Quote

-8.0 -1.72%
16 Sep 2014