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Futaba Industrial Co Ltd Lowers Consolidated Full-year Forecast for FY 2013

Tuesday, 30 Oct 2012 03:20am EDT 

Futaba Industrial Co Ltd announced that it has lowered the consolidated full-year forecast for revenue from JPY 375,400 million to JPY 356,800 million, operating profit from JPY 2,900 million to JPY 100 million, ordinary profit (loss) from JPY 1,800 million to JPY (1,500 million), net profit (loss) from JPY (1,000 million) to JPY (3,300 million) and earning (loss) per share from JPY (14.29) to JPY (47.17) for the fiscal year ending March 31, 2013. The Company lowered the consolidated full-year outlook due to decreased sales, as well as record of extraordinary loss on revaluation of investment in securities. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of JPY 356.80 billion and net profit of a loss of JPY 3.30 billion for the fiscal year ending March 2013. 

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