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NSK Ltd Amends Consolidated Full-year Forecast for FY 2013

Friday, 29 Mar 2013 03:40am EDT 

NSK Ltd announced that it has raised the consolidated full-year forecast for revenue from JPY 715,000 million to JPY 725,000 million, operating profit from JPY 27,000 million to JPY 28,000 million, ordinary profit from JPY 23,000 million to JPY 26,000 million, but lowered the forecast for net profit from JPY 15,000 million to JPY 13,000 million and earning per share from JPY 27.76 to JPY 24.07 for the fiscal year ending March 31, 2013. The Company raised the consolidated full-year forecast for revenue, operating profit and ordinary profit due to decreasing value of yen. However, the Company lowered the outlook for net profit due to record of extraordinary loss on surcharge.