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Canare Electric Co Ltd Amends Consolidated Mid-year Forecast for FY 2013; Raises Consolidated Full-year Forecast for FY 2013


Wednesday, 17 Jul 2013 01:00am EDT 

Canare Electric Co Ltd announced that it has lowered the consolidated mid-year forecast for revenue from JPY 4,570 million to JPY 4,313 million but raised the forecast for operating profit from JPY 470 million to JPY 487 million, ordinary profit from JPY 490 million to JPY 511 million, net profit from JPY 310 million to JPY 323 million and earning per share from JPY 45.93 to JPY 47.85 for the fiscal year ending December 31, 2013. The Company has raised the consolidated full-year forecast for revenue from JPY 9,060 million to JPY 9,125 million, operating profit from JPY 950 million to JPY 1,090 million, ordinary profit from JPY 990 million to JPY 1,140 million, net profit from JPY 630 million to JPY 730 million and earning per share from JPY 93.34 to JPY 108.15 for the fiscal year ending December 31, 2013. The Company lowered the consolidated mid-year outlook for revenue due to slumping in demand. However, the Company raised the consolidated mid-year outlook for operating profit, ordinary profit and net profit, as well as the consolidated full-year outlook due to decreasing value of yen. 

Company Quote

1630.0
1.0 +0.06%
29 Aug 2014