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Clarion expects extraordinary profit and loss and revises full-year consolidated outlook for FY 2014


Tuesday, 22 Apr 2014 02:00am EDT 

Clarion Co Ltd:Sees extraordinary profit of 907 mln yen for gain on establishment of a retirement benefit trust, as well as extraordinary loss of 745 mln yen for liquidation of subsidiary, for fiscal year ended March 2014.Full-year consolidated outlook for revenue of 191,000 mln yen lowered from 193,000 mln yen, for fiscal year ended March 31, 2014.Full-year operating profit outlook of 5,200 mln yen raised from 3,700 mln yen.Full-year ordinary profit outlook of 4,400 mln yen raised from 3,000 mln yen.Full-year net profit outlook of 3,300 mln yen raised from 1,400 mln yen.Full-year earnings per share outlook of 11.71 yen raised from 4.97 yen.Profit outlook raised due to smooth original equipment manufacturer (OEM) business in North America market, cost reduction and extraordinary profit above extraordinary loss.FY 2014 revenue of 190,500 mln yen, operating profit of 4,500 mln yen and net profit of 2,080 mln yen - Thomson Reuters I/B/E/S. 

Company Quote

396.0
5.0 +1.28%
9:15pm EDT