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HEPHAIST SEIKO CO LTD Lowers Consolidated Mid-year and Full-year Outlook for FY 2014; Changes Year-end Dividend Forecast for FY 2014


Tuesday, 12 Nov 2013 01:10am EST 

HEPHAIST SEIKO CO LTD announced that it has lowered its consolidated mid-year outlook for revenue from JPY 793 million to JPY 709 million, operating profit from JPY 15 million to a loss of JPY 28 million, ordinary profit from JPY 11 million to a loss of JPY 26 million, net profit from JPY 4 million to a loss of JPY 13 million and earning per share from JPY 0.70 to a loss of JPY 2.22, for the fiscal year ending March 2014. In addition, the Company has also lowered its consolidated full-year outlook for revenue from JPY 1,574 million to JPY 1,490 million, operating profit from JPY 40 million to JPY 9 million, ordinary profit from JPY 33 million to JPY 8 million, net profit from JPY 19 million to JPY 1 million and earning per share from JPY 3.19 to JPY 0.18, for the fiscal year ending March 2014. The Company lowered the outlook due to the decreased sales and the increased new product development cost.In addition, the Company has also changed its year-end dividend forecast from an undetermined value to JPY 0.00 per share, for the same fiscal year. 

Company Quote

237.0
2.0 +0.85%
24 Apr 2015