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Modec Inc (6269.T)

6269.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Modec raises consolidated full-year outlook for FY 2015
Thursday, 5 Nov 2015 01:30am EST 

Modec Inc:Says the company reaffirmed the consolidated full-year outlook for revenue as 300,000 million yen for the fiscal year ending Dec. 31, 2015.Operating profit forecast increased to 4,000 million yen from 3,000 million yen.Ordinary profit forecast increased to 10,000 million yen from 9,000 million yen.Net profit forecast increased to 4,500 million yen from 3,000 million yen.Earnings per share increased to 79.78 yen from 53.18 yen.FY 2015 revenues of 298.05 billion yen, net profit of 5.36 billion yen – Thomson Reuters I/B/E/S.Comments that the recording of insurance benefit as extraordinary profit is the main reason for the forecast.  Full Article

Modec amends consolidated mid-year outlook for FY 2015
Friday, 31 Jul 2015 03:00am EDT 

Modec Inc:Says the company increased the consolidated mid-year outlook for revenue to 150,000 mln yen from 140,000 mln yen, for the fiscal year ending Dec. 2015.Sees a decrease of operating profit forecast to a loss of 2,000 mln yen from 1,000 mln yen.Sees a decrease of ordinary profit forecast to 2,600 mln yen from 3,500 mln yen.Sees a decrease of net profit forecast to a loss of 200 mln yen from 1,000 mln yen.Sees a decrease of earnings per share to a loss of 3.55 yen from 17.73 yen.Says the revenue outlook raised due to the FPSO construction work, profit outlook lowered due to increased cost.  Full Article

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