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Osaki Electric Co Ltd Lowers Consolidated Mid-year and Full-year Outlook for FY 2014


Thursday, 31 Oct 2013 03:00am EDT 

Osaki Electric Co Ltd announced that it has lowered consolidated mid-year outlook for revenue from JPY 33,000 million to JPY 28,000 million, operating profit from JPY 1,000 million to JPY 420 million, ordinary profit from JPY 1,300 million to JPY 550 million, net profit from JPY 900 million to JPY 300 million, earnings per share from JPY 25.25 to JPY 8.41 for the fiscal year ending March 2014. The Company also announced that it has lowered consolidated full-year outlook for revenue from JPY 68,000 million to JPY 62,000 million, operating profit from JPY 2,500 million to JPY 1,000 million, ordinary profit from JPY 2,700 million to JPY 1,000 million, net profit from JPY 1,700 million to JPY 500 million, earnings per share from JPY 47.69 to JPY 14.02 for the fiscal year ending March 2014. The negative outlook is mainly due to less-than-expected sales of flat panel display related devices business. 

Company Quote

578.0
-3.0 -0.52%
31 Jul 2014