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Tokyo Rope Mfg Co Ltd Lowers Consolidated Full-year Forecast for FY 2013; to Make Businesses Two Subsidiaries


Thursday, 7 Feb 2013 11:30pm EST 

Tokyo Rope Mfg Co Ltd announced that it has lowered the consolidated full-year forecast for revenue from JPY 67,000 million to JPY 64,000 million, operating profit (loss) from JPY (2,200 million) to JPY (4,000 million), ordinary profit (loss) from JPY (2,500 million) to JPY (4,100 million), net profit (loss) from JPY (2,900 million) to JPY (4,100 million) and earning (loss) per share from JPY (19.97) to JPY (28.23) for the fiscal year ending March 31, 2013. The Company lowered the consolidated full-year outlook due to the downturn in economy and the aggravated order environment. The Company has decided to make the steel cord business a wholly owned subsidiary, as well as industrial machine manufacturing business another wholly owned subsidiary, effective April 1, 2013. 

Company Quote

173.0
1.0 +0.58%
2:00am EDT