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JTEKT Corp Raises Mid-year and Full-year Consolidated Outlook for FY 2014


Wednesday, 31 Jul 2013 12:20am EDT 

JTEKT Corp announced that it has decided to raise a consolidated mid-year outlook for revenue from JPY 540,000 million to JPY 575,000 million, operating profit from JPY 16,000 million to JPY 19,500 million, ordinary profit from JPY 15,000 million to JPY 21,500 million, net profit from JPY 6,500 million to JPY 12,500 million, and earnings per share from JPY 19.01 to JPY 36.56, for the fiscal year ending March 31, 2014. The Company also announced that it has raised consolidated full-year outlook for revenue from JPY 1,120,000 million to JPY 1,155,000 million, operating profit from JPY 36,000 million to JPY 39,500 million, ordinary profit from JPY 34,000 million to JPY 40,500 million, net profit from JPY 15,500 million to JPY 21,500 million, earning per share from JPY 45.34 to 62.89 for the fiscal year ending March 31, 2014. The positive outlook is mainly due to gain on reduced exchange rate. According to I/B/E/S Estimates, analysts on average were expecting the Company to report full-year revenue of JPY 1,171.64 billion, operating profit of JPY 45.49 billion and net income of JPY 23.67 billion. 

Company Quote

1474.0
18.0 +1.24%
16 Apr 2014