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Sanyo Special Steel Co Ltd Raises Mid-year and Full-year Consolidated Outlook for FY 2014


Thursday, 25 Jul 2013 01:00am EDT 

Sanyo Special Steel Co Ltd announced that it has raised its mid-year consolidated outlook for revenue from JPY 75,000 million to JPY 77,000 million, operating profit from JPY 2,300 million to JPY 3,500 million, ordinary profit from JPY 2,000 million to JPY 3,500 million, net profit from JPY 1,200 million to JPY 2,200 million, and earnings per share from JPY 7.44 to JPY 13.64, for the fiscal year ending March 31, 2014. The Company also has raised its full-year consolidated outlook for revenue from JPY 160,000 million to JPY 162,000 million, operating profit from JPY 5,600 million to JPY 6,800 million, ordinary profit from JPY 5,000 million to JPY 6,500 million, net profit from JPY 3,000 million to JPY 4,000 million, and earnings per share from JPY 18.59 to JPY 24.79, for the same fiscal year. The Company raised its mid-year and full-year consolidated outlook mainly due to the increase in sales volume and foreign exchange gain. 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 150,300 million, operating profit of JPY 6,070 million and net profit of JPY 3,270 million, for the same fiscal year. 

Company Quote

352.0
6.0 +1.73%
24 Oct 2014