LIXIL Group Corp Amends Consolidated Full-year Outlook for FY 2013

LIXIL Group Corp announced that it has reaffirmed the consolidated full-year outlook for revenue at JPY 1,460,000 million, operating profit at JPY 54,000 million, ordinary profit at JPY 53,000 million, but has raised the consolidated full-year outlook for net profit from JPY 13,000 million to JPY 16,500 million and earning per share from JPY 44.71 to JPY 56.75 for the fiscal year ending March 31, 2013. The positive net profit outlook is mainly due to gain on insurance damage for the flood in Thailand. According to I/B/E/S Estimates, analysts on average were expecting the Company to report full-year revenue of JPY 403.30 billion, operating profit of JPY 16.00 billion and net income of JPY 19.60 billion.