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Nippon Columbia Co Ltd Expects Extraordinary Loss for Q4 of FY 2013; Amends Consolidated Full-year Outlook for FY 2013

Friday, 10 May 2013 03:00am EDT 

Nippon Columbia Co Ltd announced that it is expecting an extraordinary loss of JPY 140 million, as depletion loss of intangible fixed assets, for the fourth quarter of fiscal year ended March 2013. The Company also announced that ti has lowered the consolidated full-year outlook for revenue from JPY 15,000 million to JPY 14,311 million, but has raised the outlook for operating profit from JPY 350 million to JPY 534 million, ordinary profit from JPY 320 million to JPY 591 million, net profit from JPY 280 million to JPY 359 million and earning per share from JPY 1.04 to JPY 1.33 for the fiscal year ended March 31, 2013. The negative revenue outlook is mainly due to reduction of sales of J-POP works. The positive profit outlook is mainly due to reduction of costs. 

Company Quote

-3.0 -0.76%
12:45am EDT