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Uchiyama Holdings Co Ltd to Sell Trust Beneficiary Rights in Assets of Subsidiary; Expects Extraordinary Profit and Amends Full-year Consolidated Outlook for FY 2013


Wednesday, 19 Dec 2012 01:10am EST 

Uchiyama Holdings Co Ltd announced that it has decided to sell the trust beneficiary rights in three fixed assets of its Fukuoka-based subsidiary, at the price of JPY 1,107 million to another Japan-based company, on December 21, 2012. As a result, the Company expects the extraordinary profit of approximately JPY 462 million for gain on sale of fixed assets, as well as approximately JPY 24 million for loss on sale of fixed assets, for the fiscal year ending March 31, 2013. The Company announced that it has reaffirmed its full-year consolidated outlook for revenue of JPY 20,166 million, lowered its full-year consolidated outlook for operating profit from JPY 2,217 million to JPY 2,196 million, ordinary profit from JPY 2,087 million to JPY 2,070 million, and raised its full-year consolidated outlook for net profit from JPY 1,101 million to JPY 1,348 million, and earnings per share from JPY 243.62 to JPY 297.69, for the fiscal year ending March 31, 2013. The Company lowered its full-year consolidated outlook for operating profit and ordinary profit mainly due to the increase in payment rent, and raised its full-year consolidated outlook for net profit mainly due to the gain on sale of fixed assets. 

Company Quote

649.0
-13.0 -1.96%
11 Jul 2014