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Seiko Epson Corp Raises Mid-year and Full-year Consolidated Outlook for FY 2014


Wednesday, 31 Jul 2013 02:00am EDT 

Seiko Epson Corp announced that it has raised its mid-year consolidated outlook for revenue from JPY 430,000 million to JPY 450,000 million, operating profit from JPY 3,000 million to JPY 13,000 million, ordinary profit from JPY 1,000 million to JPY 9,000 million, net profit (loss) from JPY (5,000 million) to JPY 1,000 million, and earnings (loss) per share from JPY (27.95) to JPY 5.59, for the fiscal year ending March 31, 2014. The Company also has raised its full-year consolidated outlook for revenue from JPY 910,000 million to JPY 930,000 million, operating profit from JPY 33,000 million to JPY 37,000 million, ordinary profit from JPY 30,000 million to JPY 33,000 million, net profit from JPY 13,000 million to JPY 15,000 million, and earnings per share from JPY 72.67 to JPY 83.85, for the same fiscal year. The Company raised its mid-year and full-year consolidated outlook mainly due to the depreciation of yen, as well as increase in sales of large-capacity ink tank models for emerging markets and sales volume of bubble jet printer for America market. 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 908,020 million, operating profit of JPY 39,240 million and net profit of JPY 19,360 million, for the same fiscal year. 

Company Quote

4385.0
50.0 +1.15%
2:00am EDT