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Micronics Japan Co., Ltd. Expects Extraordinary Loss and Amends FY 2011 Outlook; Reaffirms Year-end Dividend Outlook for FY Ended September 30, 2011
Micronics Japan Co., Ltd. announced that it expects to record JPY 360 million loss on retirement of fixed assets as extraordinary loss for the fiscal year ended September 30, 2011. Therefore, the Company reaffirmed its consolidated full-year outlook for revenue of JPY 29,000 million, but lowered its consolidated full-year outlook for operating profit from JPY 1,400 million to JPY 900 million, ordinary profit from JPY 1,200 million to JPY 900 million, net profit (loss) from JPY 750 million to JPY (2,850 million) and earning per share (loss) from JPY 38.48 to JPY (150.07) for the fiscal year ended September 30, 2011. This is also due to the recording of JPY 3,100 million tax expenses. The Company also reaffirmed its year-end dividend outlook of JPY 10 per share, for the same fiscal year.
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