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TSUDAKOMA Corp Amends Consolidated Full-year Outlook for FY 2013; Cancels Year-end Dividend for FY 2013


Wednesday, 9 Oct 2013 02:00am EDT 

TSUDAKOMA Corp announced that it has raised the consolidated full-year outlook for revenue from JPY 39,000 million to JPY 40,800 million, and has lowered the consolidated outlook for operating profit (loss) from JPY 600 million to JPY (400 million), ordinary profit (loss) from JPY 600 million to JPY (450 million), net profit (loss) from JPY 550 million to JPY (500 million), earnings (loss) per share JPY 8.6 to JPY (7.82) for the fiscal year ending November 30, 2013. The positive revenue outlook is mainly due to increase of order. The negative profit outlook is mainly due to decrease of profit in working machinery business and textile machinery business. The Company also announced that it has resolved to cancel the year-end dividend for the fiscal year ending November 30, 2013. According to I/B/E/S Estimates, analysts on average were expecting the Company to report full-year revenue of JPY 40 billion, operating profit of JPY 1.00 billion and net income of JPY 0.95 billion. 

Company Quote

147.0
-2.0 -1.34%
2:00am EDT