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Shibaura Mechatronics Corp Lowers Mid-year and Full-year Consolidated Outlook for FY 2014


Thursday, 17 Oct 2013 05:00am EDT 

Shibaura Mechatronics Corp announced that it has lowered its mid-year consolidated outlook for revenue from JPY 20,000 million to JPY 16,300 million, operating profit from JPY 500 million to JPY 140 million, ordinary profit from JPY 400 million to JPY 50 million, net profit from JPY 300 million to JPY 40 million, and earnings per share from JPY 6.07 to JPY 0.81, for the fiscal year ending March 31, 2014. The Company also has lowered its full-year consolidated outlook for revenue from JPY 43,000 million to JPY 36,300 million, operating profit from JPY 1,400 million to JPY 700 million, ordinary profit from JPY 1,000 million to JPY 400 million, net profit from JPY 800 million to JPY 300 million, and earnings per share from JPY 16.19 to JPY 6.07, for the same fiscal year. The Company lowered its mid-year and full-year consolidated outlook mainly due to the decrease in orders caused by sluggish television market and delayed investment in semiconductor industry. According to I/B/E/S Estimates, analysts on average are expecting the Company to report its full-year consolidated outlook for revenue of JPY 38,000 million, operating profit of JPY 1,800 million and net profit of JPY 1,150 million, for the same fiscal year. 

Company Quote

325.0
-6.0 -1.81%
25 Jul 2014