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NSK Ltd Raises Consolidated Mid-year and Full-year Outlook for FY 2014; Raises Dividend Forecast for FY 2014; Raises Dividend Forecast for FY 2014


Monday, 30 Sep 2013 02:00am EDT 

NSK Ltd announced that it has raised its consolidated mid-year outlook for revenue from JPY 390,000 million to JPY 413,000 million, operating profit from JPY 21,000 million to JPY 28,500 million, ordinary profit from JPY 19,500 million to JPY 27,500 million, net profit from JPY 12,000 million to JPY 14,000 million and earning per share from JPY 22.23 to JPY 25.93 , for the fiscal year ending March 2014. In addition, the Company has also raised its consolidated full-year outlook for revenue from JPY 790,000 million to JPY 840,000 million, operating profit from JPY 49,000 million to JPY 58,000 million, ordinary profit from JPY 46,000 million to JPY 55,000 million, net profit from JPY 30,000 million to JPY 34,000 million and earning per share from JPY 55.56 to JPY 62.96 , for the fiscal year ending March 2014. The Company raised the outlook due to the increased sales and the impact of the lower yen, among others. In addition, the Company has raised its mid-term dividend forecast from JPY 6 per share to JPY 7 per share and its year-end dividend forecast from JPY 6 per share to JPY 7 per share, for the same fiscal year.