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Kyosan Electric Manufacturing Co Ltd Lowers Consolidated Full-year Outlook for FY 2013; Expects Extraordinary Loss for FY 2013

Monday, 22 Apr 2013 03:30am EDT 

Kyosan Electric Manufacturing Co Ltd announced that it has lowered the consolidated full-year outlook for revenue from JPY 59,000 million to JPY 58,000 million, operating profit from JPY 1,900 million to JPY 1,200 million, ordinary profit from JPY 1,800 million to JPY 1,300 million, net profit from JPY 1,000 million to JPY 100 million and earning per share from JPY 15.93 to JPY 1.59 for the fiscal year ended March 31, 2013. The negative outlook is mainly due to delay of delivery of products and increase of costs. The Company also announced that it is expecting an extraordinary loss of JPY 396 million, as loss in investment securities, for the fiscal year ended March 31, 2013. 

Company Quote

-3.0 -0.84%
2:00am EDT