Shinko Electric Industries Co., Ltd. Raises Consolidated Full-year Outlook for FY 2012

Shinko Electric Industries Co., Ltd. announced that it has raised its consolidated full-year outlook for revenue from JPY 121,200 million to JPY 125,800 million, operating profit from a loss of JPY 5,500 million to a loss of JPY 3,700 million, ordinary profit from a loss of JPY 6,200 million to a loss of JPY 1,800 million, net profit from a loss of JPY 4,100 million to a loss of JPY 2,200 million and earning per share from a loss of JPY 30.35 to a loss of JPY 16.29, for the fiscal year ended March 2012. This is due to the increased demands, the cost reduction as well as the impact of the lower yen. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 122.73 billion and net profit of a loss of JPY 3.41 billion.