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Nippon Kinzoku Co Ltd Amends Consolidated Mid-year and Full-year Outlook for FY 2014; Changes Dividend Forecast for FY 2014


Thursday, 24 Oct 2013 10:00pm EDT 

Nippon Kinzoku Co Ltd announced that it has lowered its consolidated mid-year outlook for revenue from JPY 19,100 million to JPY 18,400 million, operating profit from JPY 160 million to a loss of JPY 80 million and ordinary profit from a loss of JPY 60 million to a loss of JPY 250 million, but raised the outlook for net profit from a loss of JPY 150 million to a loss of JPY 140 million and earning per share from a loss of JPY 2.24 to a loss of JPY 2.09, for the fiscal year ending March 2014. In addition, the Company has also lowered its consolidated full-year outlook for revenue from JPY 40,800 million to JPY 39,100 million, operating profit from JPY 1,100 million to JPY 560 million, ordinary profit from JPY 650 million to JPY 170 million, net profit from JPY 500 million to JPY 190 million and earning per share from JPY 7.47 to JPY 2.84 , for the fiscal year ending March 2014. The Company lowered the outlook due to the decreased sales of stainless steel band and the aggravation of overseas market. In addition, the Company has decided to pay no mid-term and year-end dividend for the same fiscal year, from the latest dividend forecast of an undetermined value. 

Company Quote

130.0
-1.0 -0.76%
18 Apr 2014