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Nippon Koshuha Steel Co Ltd expects extraordinary loss and lowers full-year consolidated outlook for FY 2014


Wednesday, 5 Feb 2014 12:00am EST 

Nippon Koshuha Steel Co Ltd:Sees extraordinary loss of approximately 300 million yen on uncollectible fixed expense, for the fiscal year ending Mar. 31, 2014.Sees lowered full-year consolidated outlook for fiscal year ending Mar. 31, 2014.Sees full-year revenue of 38,300 million yen lowered from 39,000 million yen.Sees full-year operating profit (loss) of (730 million) yen lowered from 140 million yen.Sees full-year ordinary profit (loss) of (700 million) yen lowered from 160 million yen.Sees full-year net profit (loss) of (840 million) yen lowered from 300 million yen.Sees full-year earnings (loss) per share of (5.73) yen lowered from 2.05 yen.Says outlook lowered due to problem on press forging equipment, loss on valuation of inventories and extraordinary loss on uncollectible fixed expense. 

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