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Shibaura Mechatronics Corp Lowers Consolidated Mid-year and Full-year Outlook for FY 2013


Friday, 12 Oct 2012 02:00am EDT 

Shibaura Mechatronics Corp announced that it has lowered the consolidated mid-year outlook for revenue from JPY 18,000 million to JPY 13,000 million, operating profit (loss) from JPY 100 million to JPY (500 million), ordinary profit (loss) from JPY 100 million to JPY (630 million), net profit (loss) from JPY 0 to JPY (1,840 million) and earning (loss) per share from JPY 0 to JPY (36.23) for the fiscal year ending March 31, 2013. The Company has also lowered the consolidated full-year outlook for revenue from JPY 41,000 million to JPY 34,000 million, operating profit from JPY 800 million to JPY 200 million, ordinary profit (loss) from JPY 800 million to JPY 100 million, net profit (loss) from JPY 600 million to JPY (1,200 million) and earning (loss) per share from JPY 12.14 to JPY (24.29) for the fiscal year ending March 31, 2013. The negative outlook is mainly due to the low demand for liquid crystal panel industry, as well as record of extraordinary loss due to early retirement program. 

Company Quote

243.0
13.0 +5.65%
18 Apr 2014