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Provider: Thomson Reuters Stock Report

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TSUGAMI CORP Lowers Consolidated Full-year Outlook for FY 2013

Thursday, 11 Apr 2013 10:30pm EDT 

TSUGAMI CORP announced that it has lowered its consolidated full-year outlook for revenue from JPY 55,000 million to JPY 52,810 million, operating profit from JPY 8,800 million to JPY 8,450 million, ordinary profit from JPY 8,400 million to JPY 6,800 million, net profit from JPY 5,200 million to JPY 4,210 million and earning per share from JPY 70.68 to JPY 57.20 , for the fiscal year ended March 2013. The Company lowered the outlook due to the slower economic recovery, the impact of higher RMB and the increased tax cost, among others. 

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11:36pm EDT