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ADVANEX INC Amends Consolidated Full-year Outlook for FY 2013; Reaffirms Year-end Dividend Forecast for FY 2013


Friday, 8 Feb 2013 02:00am EST 

ADVANEX INC announced that it has lowered the consolidated full-year outlook for revenue from JPY 23,400 million to JPY 22,900 million, operating profit from JPY 400 million to JPY 300 million, but has raised the consolidated full-year outlook for ordinary profit from JPY 180 million to JPY 280 million, net profit from JPY 140 million to JPY 250 million and earning per share from JPY 3.37 to JPY 6.02 for the fiscal year ending March 31, 2013. The negative revenue and operating profit outlook is mainly due to the decrease of sales of precision spring business and plastic business. The positive outlook for ordinary profit and net profit is mainly due to gain on the fluctuation of exchange rate. The Company also announced that it has reaffirmed the year-end dividend forecast at JPY 1 per share, for the fiscal year ending March 31, 2013. 

Company Quote

192.0
6.0 +3.23%
26 Dec 2014