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MUSASHI SEIMITSU INDUSTRY CO LTD Raises Mid-year and Full-year Consolidated Outlook for FY 2014


Wednesday, 31 Jul 2013 02:20am EDT 

MUSASHI SEIMITSU INDUSTRY CO LTD announced that it has raised its mid-year consolidated outlook for revenue from JPY 68,000 million to JPY 69,800 million, operating profit from JPY 2,700 million to JPY 3,800 million, ordinary profit from JPY 3,100 million to JPY 5,300 million, net profit from JPY 2,000 million to JPY 3,100 million, and earnings per share from JPY 64.10 to JPY 99.38, for the fiscal year ending March 31, 2014. The Company also has raised its full-year consolidated outlook for revenue from JPY 142,000 million to JPY 143,800 million, operating profit from JPY 8,000 million to JPY 9,100 million, ordinary profit from JPY 8,000 million to JPY 10,200 million, net profit from JPY 5,000 million to JPY 6,100 million, and earnings per share from JPY 160.26 to JPY 195.54, for the same fiscal year. The Company raised its mid-year and full-year consolidated outlook mainly due to the improvement of production efficiency and reduction in cost, as well as depreciation of yen. According to I/B/E/S Estimates, analysts on average are expecting the Company to report its full-year consolidated outlook for revenue of JPY 152,900 million, operating profit of JPY 10,500 million and net profit of JPY 7,410 million, for the same fiscal year. 

Company Quote

2231.0
89.0 +4.15%
19 Dec 2014