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SHINKO ELECTRIC INDUSTRIES CO LTD Amends Mid-year and Full-year Consolidated Outlook for FY 2014


Friday, 25 Oct 2013 02:00am EDT 

SHINKO ELECTRIC INDUSTRIES CO LTD announced that it has raised its mid-year consolidated outlook for revenue from JPY 68,500 million to JPY 74,600 million, operating profit from JPY 1,900 million to JPY 8,600 million, ordinary profit from JPY 2,000 million to JPY 10,900 million, net profit from JPY 1,100 million to JPY 6,900 million, and earnings per share from JPY 8.14 to JPY 51.08, for the fiscal year ending March 31, 2014. The Company has lowered its full-year consolidated outlook for revenue from JPY 144,000 million to JPY 141,300 million, and raised its full-year consolidated outlook for operating profit from JPY 6,300 million to JPY 8,600 million, ordinary profit from JPY 6,500 million to JPY 10,900 million, net profit from JPY 3,700 million to JPY 6,900 million, and earnings per share from JPY 27.39 to JPY 51.08 , for the same fiscal year. The Company raised its mid-year consolidated outlook mainly due to the depreciation of yen and lowered its full-year consolidated outlook for revenue mainly due to the sluggish market including digital consumer electronics. According to I/B/E/S Estimates, analysts on average are expecting the Company to report its full-year consolidated outlook for revenue of JPY 147,380 million, operating profit of JPY 15,270 million and net profit of JPY 10,140 million, for the same fiscal year. 

Company Quote

760.0
-2.0 -0.26%
29 Aug 2014