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JVC Kenwood Corp Lowers Full-year Consolidated Outlook and Reaffirms Year-end Dividend Forecast for FY 2013

Thursday, 25 Apr 2013 06:45am EDT 

JVC Kenwood Corp announced that it has lowered its full-year consolidated outlook for revenue from JPY 310,000 million to JPY 306,500 million, operating profit from JPY 10,000 million to JPY 9,600 million, ordinary profit from JPY 5,000 million to JPY 3,100 million, net profit from JPY 3,000 million to JPY 1,100 million, and earnings per share from JPY 21.63 to JPY 7.93, for the fiscal year ended March 31, 2013. The Company lowered its full-year consolidated outlook mainly due to the increase in foreign exchange loss and increase in corporate tax. The Company also has reaffirmed its year-end dividend forecast of JPY 5 per share, for the same fiscal year. 

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