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JVC Kenwood Corp lowers consolidated full-year forecast for net profit for FY 2014 and to offer early-retirement program


Friday, 31 Jan 2014 01:20am EST 

JVC Kenwood Corp:Sees revenue of 310,000 million yen for the fiscal year ending Mar. 31, 2014, in line with the previous forecast.Sees operating profit of 1,000 million yen, in line with the previous forecast.Sees ordinary profit of a loss of 3,000 million yen, in line with the previous forecast.Sees net profit of a loss of 7,000 million yen, compared to the previous forecast of a loss of 5,500 million yen.Sees earnings per share of a loss of 50.48 yen, compared to the previous forecast of a loss of 39.66 yen.Says the company will offer an early-retirement program during the period from Feb. 6 to Mar. 3.Says it expects about 400 employees to take up the offer.Says it will provide retirement allowance and reemployment support.Says it expects an extraordinary loss of 3.5 billion yen for the fiscal year ending Mar. 31, 2014. 

Company Quote

228.0
-4.0 -1.72%
28 Jul 2014