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Osaka Titanium Technologies Co Ltd Announces Extraordinary zLoss for Q2 of FY 2014; Amends Consolidated Mid-year and Full-year Outlook for FY 2014


Wednesday, 4 Sep 2013 02:00am EDT 

Osaka Titanium Technologies Co Ltd announced that it will record a JPY 3,400 million extraordinary loss on the aggregation of production system for titanium dissolved business and polysilicon business, for the second quarter of the fiscal year ending March 2014. In addition, the Company has raised its consolidated mid-year outlook for revenue from JPY 21,700 million to JPY 21,900 million, operating profit from a loss of JPY 400 million to JPY 1,100 million and ordinary profit from a loss of JPY 1,200 million to JPY 800 million, but lowered the outlook for net profit from a loss of JPY 800 million to a loss of JPY 1,700 million and earning per share from a loss of JPY 21.74 to a loss of JPY 46.20, for the fiscal year ending March 2014. The Company has also lowered its consolidated full-year outlook for revenue from JPY 45,600 million to JPY 44,500 million, net profit from a loss of JPY 900 million to a loss of JPY 2,400 million and earning per share from a loss of JPY 24.46 to a loss of JPY 65.22, but raised the outlook for operating profit from JPY 300 million to JPY 700 million and ordinary profit from a loss of JPY 1,100 million to a loss of JPY 300 million, for the same fiscal year. The Company lowered the operating profit and ordinary profit outlook due to the cost reduction, and lowered the net profit outlook due to the record of extraordinary loss. 

Company Quote

2840.0
-51.0 -1.76%
10:30pm EDT