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LIXIL Group Corp Raises Consolidated Mid-year and Full-year Outlook for FY 2014; Raises Dividend Forecast for FY 2014


Monday, 21 Oct 2013 02:00am EDT 

LIXIL Group Corp announced that it has raised its consolidated mid-year outlook for revenue from JPY 730,000 million to JPY 740,000 million, operating profit from JPY 23,000 million to JPY 26,000 million, ordinary profit from JPY 23,000 million to JPY 29,000 million, net profit from JPY 13,000 million to JPY 18,000 million and earning per share from JPY 44.71 to JPY 61.91, for the fiscal year ending March 2014. In addition, the Company has also raised its consolidated full-year outlook for revenue from JPY 1,570,000 million to JPY 1,600,000 million, net profit from JPY 39,000 million to JPY 41,000 million and earning per share from JPY 134.13 to JPY 141.02, but affirmed the outlook for operating profit of JPY 70,000 million and ordinary profit of JPY 70,000 million, for the fiscal year ending March 2014. The Company raised the outlook due to the contribution of subsidiary ASD Americas Holding Corp and the decreased tax cost. The Company has also raised both its mid-term and year-end dividend forecasts from JPY 20 per share to JPY 25 per share, for the same fiscal year. 

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