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NICHIA STEEL WORKS LTD Amends Full-year Consolidated Outlook for FY Ending March 31, 2013

Thursday, 31 Jan 2013 01:00am EST 

NICHIA STEEL WORKS LTD announced that it has reaffirmed its full-year consolidated outlook for revenue of JPY 26,857 million, operating profit of JPY 501 million, ordinary profit of JPY 831 million, and raised its full-year consolidated outlook for net profit from JPY 401 million to JPY 514 million and earnings per share from JPY 8.21 to JPY 10.53 for the fiscal year ending March 31, 2013. The Company raised its full-year outlook for net profit mainly due to reversal of the loss on valuation of investment securities. 

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3.0 +0.88%
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