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MUSASHI SEIMITSU INDUSTRY CO LTD Lowers Consolidated Full-year Outlook for FY 2013

Wednesday, 31 Oct 2012 02:30am EDT 

MUSASHI SEIMITSU INDUSTRY CO LTD announced that it has lowered its consolidated full-year outlook for revenue from JPY 128,000 million to JPY 126,000 million, operating profit from JPY 5,500 million to JPY 2,400 million, ordinary profit from JPY 5,500 million to JPY 1,500 million, net profit from JPY 4,800 million to JPY 2,900 million and earning per share from JPY 153.84 to JPY 92.95, for the fiscal year ending March 2013. The Company lowered the outlook due to the increased cost resulted from the flood damages in its subsidiary as well as the decreased sales in China market, among others. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 129.40 billion and net profit of JPY 5.21 billion. 

Company Quote

-40.0 -1.66%
22 Aug 2014