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Iwatsu Electric Co Ltd Amends Consolidated Mid-year and Full-year Outlook for FY 2014; Expects Extraordinary Profit for Q3 of FY 2014


Friday, 25 Oct 2013 02:00am EDT 

Iwatsu Electric Co Ltd announced that it has lowered consolidated mid-year outlook for revenue from JPY 12400 million to JPY 11700 million, operating profit (loss) from JPY (100 million) to (JPY 350 million), ordinary profit (loss) from JPY (100 million) to JPY (260 million), net profit (loss) from JPY (100 million) to JPY (290 million), earnings (loss) per share from JPY (1.01) to JPY (2.9) for the fiscal year ending March 2014. The Company has also announced that it has lowered consolidated full-year outlook for revenue from JPY 25,600 million , operating profit from JPY 0 million to JPY 200 million, affirmed the outlook for ordinary profit at JPY 0 million, raised the outlook for net profit from JPY 0 million to JPY 400 million, earnings per share from JPY 0 to JPY 4.05 for the fiscal year ending March 2014. The negative mid-year outlook is mainly due to slow recovery of domestic economics. The positive outlook for full-year net profit is mainly due to record of an extraordinary profit of JPY 655 million, as gain on receiving of subsidy from government, for the third quarter of fiscal year ending March 2014. 

Company Quote

97.0
1.0 +1.04%
28 Jul 2014