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Alps Electric Co Ltd Lowers Consolidated Mid-year and Full-year Outlook for FY 2013; Lowers Dividend Forecast for FY 2013


Monday, 1 Oct 2012 02:00am EDT 

Alps Electric Co Ltd announced that it has lowered its consolidated mid-year outlook for revenue from JPY 274,500 million to JPY 264,400 million, operating profit from JPY 7,500 million to JPY 2,800 million, ordinary profit from JPY 6,000 million to JPY 1,500 million, net profit from JPY 3,000 million to a loss of JPY 2,800 million and earning per share from JPY 16.74 to a loss of JPY 15.62, for the fiscal year ending March 2013. In addition, the Company has also lowered its consolidated full-year outlook for revenue from JPY 565,000 million to JPY 544,000 million, operating profit from JPY 22,000 million to JPY 11,800 million, ordinary profit from JPY 19,000 million to JPY 9,700 million, net profit from JPY 10,500 million to JPY 1,300 million and earning per share from JPY 58.58 to JPY 7.25, for the fiscal year ending March 2013. The Company lowered the outlook due to the decreased sales, among others. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 550.55 billion and net profit of JPY 4.34 billion. The Company has also lowered its mid-term dividend forecast from JPY 10 per share to JPY 5 per share and its year-end dividend forecast from JPY 10 per share to JPY 5 per share, for the fiscal year ending March 2013. 

Company Quote

1581.0
-21.0 -1.31%
22 Aug 2014