The Japan Steel Works, Ltd. Raises Consolidated Full-year Forecast for FY 2012

The Japan Steel Works, Ltd. announced that it has raised the consolidated full-year forecast for revenue from JPY 225,000 million to JPY 227,000 million, operating profit from JPY 19,500 million to JPY 22,000 million, ordinary profit from JPY 20,000 million to JPY 22,500 million, net profit from JPY 11,500 million to JPY 12,500 million and earning per share from JPY 30.98 to JPY 33.68 for the fiscal year ending March 31, 2012. The Company raised the consolidated full-year forecast due to increased orders. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of JPY 224.67 billion and net profit of JPY 13.84 billion for the fiscal year ending March 2012.