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U-Shin Ltd Expects Extraordinary Loss and Lowers Full-year Consolidated Outlook for FY 2012
U-Shin Ltd announced that it expects the extraordinary loss of JPY 1,872 million caused by the inspection and exchange of automobile parts, for the fiscal year ending November 30, 2012. The Company also has lowered its full-year consolidated outlook for revenue from JPY 64,000 million to JPY 62,000 million, operating profit from JPY 3,900 million to JPY 2,800 million, ordinary profit from JPY 3,600 million to JPY 2,100 million, net profit (loss) from JPY 1,600 million to JPY (900 million), and earnings (loss) per share from JPY 52.30 to JPY (29.41), for the fiscal year ending November 30, 2012. The Company lowered its full-year consolidated outlook mainly due to the decrease in automobile production and export volume, as well as the increase in cost and the extraordinary loss caused by the inspection and exchange of automobile parts.
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