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OKAMOTO MACHINE TOOL WORKS LTD Lowers Consolidated Full-year Forecast for FY 2013; Cancels Year-end Dividend for FY 2013


Thursday, 9 May 2013 04:00am EDT 

OKAMOTO MACHINE TOOL WORKS LTD announced that it has lowered the consolidated full-year forecast for revenue from JPY 21,500 million to JPY 20,000 million, operating profit from JPY 1,000 million to JPY 300 million, ordinary profit from JPY 750 million to JPY 230 million, net profit from JPY 450 million to JPY 100 million and earning per share from JPY 10.14 to JPY 2.25 for the fiscal year ended March 31, 2013. The Company lowered the consolidated full-year outlook due to decreased sales. The Company has canceled the year-end dividend, which was an undetermined value, for the fiscal year ended March 31, 2013. 

Company Quote

156.0
7.0 +4.70%
22 Sep 2014