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Nissin Electric Co Ltd Amends Mid-year and Full-year Consolidated Outlook for FY 2014


Friday, 25 Oct 2013 02:00am EDT 

Nissin Electric Co Ltd announced that it has lowered its mid-year consolidated outlook for revenue from JPY 50,000 million to JPY 47,503 million, and raised its mid-year consolidated outlook for operating profit from JPY 1,500 million to JPY 3,137 million, ordinary profit from JPY 1,500 million to JPY 3,053 million, net profit from JPY 700 million to JPY 1,668 million, and earnings per share from JPY 6.55 to JPY 15.61, for the fiscal year ending March 31, 2014. The Company has reaffirmed its full-year consolidated outlook for revenue of JPY 110,000 million, and raised its full-year consolidated outlook for operating profit from JPY 8,000 million to JPY 9,000 million, ordinary profit from JPY 8,000 million to JPY 9,000 million, net profit from JPY 4,800 million to JPY 5,500 million, and earnings per share from JPY 44.91 to JPY 51.46, for the same fiscal year. The Company lowered its mid-year consolidated outlook for revenue mainly due to the postponed revenue to the second half of fiscal year 2014, and raised its consolidated outlook for operating profit, ordinary profit and net profit mainly due to the cost reduction and sales of ion implantation system. 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 109,830 million, operating profit of JPY 8,900 million and net profit of JPY 5,500 million, for the same fiscal year. 

Company Quote

644.0
4.0 +0.63%
2:00am EDT