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Nitto Kogyo Corp Raises Consolidated Mid-year and Full-year Outlook for FY 2013; Raises Mid-year and Year-end Dividend Forecasts for FY 2013


Monday, 10 Sep 2012 01:00am EDT 

Nitto Kogyo Corp announced that it has raised the consolidated mid-year outlook for revenue from JPY 33,000 million to JPY 36,000 million, operating profit from JPY 2,500 million to JPY 3,950 million, ordinary profit from JPY 2,550 million to JPY 3,900 million, net profit from JPY 1,500 million to JPY 2,150 million and earning per share from JPY 37.95 to JPY 55.48 for the fiscal year ending March 31, 2013. The Company has also raised the consolidated full-year outlook for revenue from JPY 63,700 million to JPY 67,600 million, operating profit from JPY 5,100 million to JPY 6,800 million, ordinary profit from JPY 5,200 million to JPY 6,800 million, net profit from JPY 3,100 million to JPY 3,850 million and earning per share from JPY 78.43 to JPY 99.35 for the fiscal year ending March 31, 2013. The positive outlook is mainly due to more-than-expected growth of distribution board and cabinet business. The Company has also raised the mid-year dividend forecast from JPY 12 per share, disclosed on May 14, 2012, to JPY 15 per share, as well as year-end dividend forecast from JPY 12 per share to JPY 15 per share, for the fiscal year ending March 31, 2013. According to I/B/E/S Estimates, analysts on average were expecting the Company to report full-year revenue of JPY 65 billion, operating profit of JPY 6 billion and net income of JPY 3.50 billion. 

Company Quote

2172.0
-15.0 -0.69%
2:00am EDT