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Iwatsu Electric Co Ltd Amends Consolidated Full-year Outlook and Changes Year-end Dividend Forecast for FY 2013

Friday, 15 Mar 2013 02:00am EDT 

Iwatsu Electric Co Ltd announced that it has lowered its consolidated full-year outlook for revenue from JPY 25,800 million to JPY 24,200 million, operating profit from JPY 0 million to a loss of JPY 250 million and ordinary profit from JPY 0 million to a loss of JPY 120 million, but raised the outlook for net profit from JPY 0 million to JPY 120 million and earning per share from JPY 0.00 to JPY 1.20, for the fiscal year ending March 2013. The Company lowered the outlook due to the decreased sales, and raised the profit outlook due to the reversal of deferred tax assets, among others. In addition, the Company has also changed its year-end dividend forecast from an undermined value to JPY 1.0 per share, for the fiscal year ending March 2013. 

Company Quote

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30 Jan 2015