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Organo Corp Lowers Mid-year and Full-year Consolidated Outlook for FY 2014; Lowers Mid-term and Year-end Dividend Forecasts for FY 2014


Monday, 28 Oct 2013 01:00am EDT 

Organo Corp announced that it has lowered its mid-year consolidated outlook for revenue from JPY 30,000 million to JPY 26,800 million, operating profit (loss) from JPY 200 million to JPY (430 million), ordinary profit (loss) from JPY 100 million to JPY (230 million), net profit (loss) from JPY 40 million to JPY (130 million), and earnings (loss) per share from JPY 0.69 to JPY (2.26), for the fiscal year ending March 31, 2014. The Company also has lowered its full-year consolidated outlook for revenue from JPY 73,000 million to JPY 67,000 million, operating profit from JPY 3,000 million to JPY 500 million, ordinary profit from JPY 2,800 million to JPY 550 million, net profit from JPY 1,500 million to JPY 350 million, and earnings per share from JPY 26.04 to JPY 6.08, for the same fiscal year. The Company lowered its mid-year and full-year consolidated outlook mainly due to the impact by facility investment and postponed construction works. The Company also has lowered its mid-term and year-end dividend forecasts from JPY 6.00 per share to JPY 4.00 per share respectively, for the same fiscal year. 

Company Quote

479.0
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26 Nov 2014