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Chuo Seisakusho Ltd Lowers Mid-year and Full-year Consolidated Outlook for FY 2014; Cancels Year-end Dividend Payment for FY 2014


Friday, 1 Nov 2013 12:30am EDT 

Chuo Seisakusho Ltd announced that it has lowered its mid-year consolidated outlook for revenue from JPY 2,100 million to JPY 1,827 million, operating profit (loss) from JPY 24 million to JPY (98 million), ordinary profit (loss) from JPY 22 million to JPY (93 million), net profit (loss) from JPY 20 million to JPY (94 million), and earnings (loss) per share from JPY 2.57 to JPY (12.10), for the fiscal year ending March 31, 2014. The Company also has lowered its full-year consolidated outlook for revenue from JPY 4,800 million to JPY 4,300 million, operating profit from JPY 120 million to JPY 35 million, ordinary profit from JPY 110 million to JPY 38 million, net profit from JPY 100 million to JPY 30 million, and earnings per share from JPY 12.87 to JPY 3.86, for the same fiscal year. The Company lowered its mid-year and full-year consolidated outlook mainly due to the slump facility investment of manufacturing industry and decrease in gross margin caused by order competition. The Company has canceled its year-end dividend payment, which was disclosed as an undetermined value, for the same fiscal year. 

Company Quote

175.0
0.0 +0.00%
29 Aug 2014