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Nishishiba Electric Co Ltd Amends Consolidated Mid-year Outlook for FY 2014

Wednesday, 31 Jul 2013 01:00am EDT 

Nishishiba Electric Co Ltd announced that it has lowered the consolidated mid-year outlook for revenue from JPY 9,700 million to JPY 9,500 million, but raised the outlook for operating profit from JPY 20 million to JPY 120 million, ordinary profit from JPY 0 million to JPY 100 million, net profit from JPY 0 million to JPY 80 million, earning per share from JPY 0 to 2.05 for the fiscal year ending March, 2014. The negative revenue outlook is mainly due to reduction of order for vessel motors and decrease of sales price. The positive profit outlook is mainly due to reduction of costs and improvement of productivity. 

Company Quote

1.0 +0.52%
1:58am EDT