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Daido Metal Co Ltd Amends Mid-year and Full-year Consolidated Outlook for FY 2014


Friday, 9 Aug 2013 01:00am EDT 

Daido Metal Co Ltd announced that it has reaffirmed its mid-year consolidated outlook for revenue of JPY 35,000 million, raised its mid-year consolidated outlook for operating profit from JPY 2,100 million to JPY 3,200 million, ordinary profit from JPY 2,000 million to JPY 3,500 million, net profit from JPY 1,000 million to JPY 2,000 million, and earnings per share from JPY 25.11 to JPY 50.21, for the fiscal year ending March 31, 2014. The Company also has raised its full-year consolidated outlook for revenue from JPY 71,000 million to JPY 72,000 million, operating profit from JPY 4,600 million to JPY 6,400 million, ordinary profit from JPY 4,500 million to JPY 6,700 million, net profit from JPY 2,500 million to JPY 4,000 million, and earnings per share from JPY 62.77 to JPY 100.43, for the same fiscal year. This is due to the increase in sales of automobile products in overseas market and productivity improvement and foreign exchange gain. 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 73,000 million, operating profit of JPY 5,100 million and net profit of JPY 2,800 million, for the same fiscal year. 

Company Quote

1363.0
59.0 +4.52%
1:00am EST