Hokuriku Electric Industry Co., Ltd. Lowers FY 2012 Outlook

Hokuriku Electric Industry Co., Ltd. announced that it has lowered its consolidated full-year outlook for revenue from JPY 45,000 million to JPY 40,000 million, operating profit (loss) from JPY 450 million to JPY (500 million), ordinary profit (loss) from JPY 100 million to JPY (900 million), net profit (loss) from JPY (200 million) to JPY (1,400 million) and earning per share (loss) from JPY (2.25) to JPY (15.78) for the fiscal year ending March 31, 2012. This is due to the decreased sale of electric parts for consumer electronics, as well as expenses on taxes.