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YAMAICHI ELECTRONICS CO LTD Lowers Consolidated Mid-year and Full-year Outlook for FY 2013; Cancels Year-end Dividend for FY 2013


Friday, 26 Oct 2012 02:00am EDT 

YAMAICHI ELECTRONICS CO LTD announced that it has lowered the consolidated mid-year outlook for revenue from JPY 11,300 million to JPY 10,500 million, operating profit (loss) from JPY 30 million to JPY (607 million), ordinary profit (loss) from JPY (100 million) to JPY (1,007 million), net profit (loss) from JPY (130 million) to JPY (2,058 million) and earning per share (loss) from JPY (5.58) to JPY (88.38) for the fiscal year ending March 31, 2013. The Company also announced that it has lowered the consolidated full-year outlook for revenue from JPY 24,000 million to JPY 21,000 million, operating profit (loss) from JPY 400 million to JPY (570 million), ordinary profit (loss) from JPY 200 million to JPY (1,020 million), net profit (loss) from JPY 30 million to JPY (2,640 million) and earning per share (loss) from JPY 1.29 to JPY (113.37) for the fiscal year ending March 31, 2013. The negative outlook is mainly due to less-than-expected investment of digital household equipment and semiconductor equipment, as well as record of extraordinary loss of depletion of fixed asset and loss in early retirement program. The Company also announced that it has cancelled the year-end dividend for the fiscal year ending March 31, 2013. The latest dividend forecast was an undetermined value, disclosed on August 7, 2012. 

Company Quote

825.0
15.0 +1.85%
29 Aug 2014