Nippon Chemi-Con Corp Lowers Consolidated Mid-year and Full-year Outlook for FY 2013; Amends Dividend Forecast for FY 2013

Nippon Chemi-Con Corp announced that it has lowered its consolidated mid-year outlook for revenue from JPY 50,000 million to JPY 45,800 million, operating profit from a loss of JPY 700 million to a loss of JPY 4,200 million, ordinary profit from a loss of JPY 1,100 million to a loss of JPY 5,300 million, net profit from a loss of JPY 1,500 million to a loss of JPY 5,900 million and earning per share from a loss of JPY 10.54 to a loss of JPY 41.46, for the fiscal year ending March 2013. In addition, the Company has also lowered its consolidated full-year outlook for revenue from JPY 110,000 million to JPY 93,000 million, operating profit from JPY 1,500 million to a loss of JPY 6,800 million, ordinary profit from JPY 1,000 million to a loss of JPY 8,000 million, net profit from JPY 0 million to a loss of JPY 9,700 million and earning per share from JPY 0.00 to a loss of JPY 68.16, for the fiscal year ending March 2013 The Company lowered the outlook due to the decreased sales as well as the record of business restructuring cost, among others. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 100.45 billion and net profit of a loss of JPY 5.43 billion. In addition, the Company has maintained its mid-term dividend forecast of JPY 0.00 per share, but changed its year-end dividend forecast from an undetermined value to JPY 0.00 per share, for the fiscal year ending March 2013.