Furukawa Co Ltd (5715.T)
24 Mar 2017
Latest Key Developments (Source: Significant Developments)
FURUKAWA CO LTD:Says the company lowered the consolidated full-year outlook for revenue to 161,500 mln yen from 170,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 7,500 mln yen from 9,000 mln yen.Sees a decrease of ordinary profit forecast to 6,000 mln yen from 7,500 mln yen.Sees a decrease of net profit forecast to 4,000 mln yen from 5,000 mln yen.Sees a decrease of earnings per share to 9.90 yen from 12.37 yen.Comments the decreased price of copper and sluggish in core businesses are the main reasons for the forecast. Full Article
FURUKAWA CO LTD:Says the company lowered the consolidated full-year outlook for revenue to 170,000 mln yen from 172,500 mln yen for the fiscal year ending March 31, 2016.Confirms the operating profit forecast at 9,000 mln yen.Confirms the ordinary profit forecast at 7,500 mln yen.Confirms the net profit forecast at 5,000 mln yen.Confirms the earnings per share at 12.37 yen.Says revenue outlook lowered due to the decrease in current price of copper. Full Article
TOKYO Stung by years of falling base metals prices, Japanese mining and smelting firms are investing hundreds of millions of dollars in specialized materials used in electric vehicles, smartphones and a host of everyday electronic devices.