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Chino Corp (6850.T)

6850.T on Tokyo Stock Exchange

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Chino lowers consolidated full-year outlook for FY 2016
Wednesday, 11 Nov 2015 03:00am EST 

Chino Corp:Says the company lowered the consolidated full-year outlook for revenue to 20,700 mln yen from 21,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 750 mln yen from 930 mln yen.Sees a decrease of ordinary profit forecast to 860 mln yen from 1,030 mln yen.Sees a decrease of net profit forecast to 420 mln yen from 540 mln yen.Sees a decrease of earnings per share to 48.97 yen from 62.96 yen.Comments the lower sales in core businesses as the main reason for the forecast.  Full Article

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