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NITTO DENKO CORP lowers full-year consolidated outlook for FY 2014

Wednesday, 11 Dec 2013 01:00am EST 

NITTO DENKO CORP:Sees lowered full-year consolidated outlook for fiscal year ending Mar. 31, 2014.Sees full-year revenue of 728,000 million yen lowered from 753,000 million yen.Sees full-year operating profit of 62,000 million yen lowered from 84,000 million yen.Sees full-year ordinary profit of 59,000 million yen lowered from 81,000 million yen.Sees full-year net profit of 41,000 million yen lowered from 56,000 million yen.Sees full-year earnings per share of 248.58 yen lowered from 339.52 yen.Says outlook lowered due to excess production of television panels, adjustment of production for smartphone panels and competition in touch panel material market.Fiscal 2014 revenue view 753,610 million yen, operating profit view 85,220 million yen, net profit view 58,100 million yen - Thomson Reuters I/B/E/S. 

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-182.0 -2.18%
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