Calsonic Kansei Corp Lowers Consolidated Full-year Outlook for FY 2013

Calsonic Kansei Corp announced that it has lowered its consolidated full-year outlook for revenue from JPY 810,000 million to JPY 750,000 million, operating profit from JPY 26,000 million to JPY 18,000 million, ordinary profit from JPY 25,000 million to JPY 17,000 million, net profit from JPY 15,000 million to JPY 10,000 million and earning per share from JPY 55.98 to JPY 37.32, for the fiscal year ending March 2013. The Company lowered the outlook due to the impact of the higher yen as well as the impact of the fierce global economic conditions. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 788.72 billion and net profit of JPY 11.98 billion.