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Harada Industry Co Ltd (6904.T)

6904.T on Tokyo Stock Exchange

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HARADA INDUSTRY amends consolidated full-year outlook for FY 2016
Thursday, 12 Nov 2015 01:30am EST 

HARADA INDUSTRY CO LTD:Says the company increased the consolidated full-year outlook for revenue to 42,000 mln yen from 41,000 mln yen, for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 350 mln yen from 900 mln yen.Sees a decrease of ordinary profit forecast to 50 mln yen from 750 mln yen.Sees a decrease of net profit forecast to 20 mln yen from 350 mln yen.Sees a decrease of earnings per share to 0.92 yen from 16.09 yen.Comments improvement in the cost of sales ratio and cost reduction as main reasons for the forecast.  Full Article