Sumitomo Light Metal Industries Ltd Lowers Consolidated Full-year Outlook for FY 2013

Sumitomo Light Metal Industries Ltd announced that it has lowered its consolidated full-year outlook for revenue from JPY 265,000 million to JPY 255,000 million, operating profit from JPY 15,000 million to JPY 12,000 million, ordinary profit from JPY 13,000 million to JPY 10,000 million, net profit from JPY 9,000 million to JPY 5,000 million and earning per share from JPY 15.47 to JPY 8.59, for the fiscal year ending March 2013. The Company lowered the outlook due to the record of extraordinary loss on revaluation of investment securities and the decreased sales, among others. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 248.10 billion and net profit of JPY 7.90 billion.