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Fuji Heavy Industries Ltd Raises Full-year Consolidated Outlook and Year-end Dividend Forecast for FY 2013

Thursday, 25 Apr 2013 10:30pm EDT 

Fuji Heavy Industries Ltd announced that it has raised its full-year consolidated outlook for revenue from JPY 1,890,000 million to JPY 1,910,000 million, operating profit from JPY 107,000 million to JPY 120,000 million, ordinary profit from JPY 99,000 million to JPY 100,000 million, net profit from JPY 76,000 million to JPY 119,000 million, and earnings per share from JPY 97.38 to JPY 152.48, for the fiscal year ended March 31, 2013. The Company raised its full-year consolidated outlook mainly due to the foreign exchange gain, cost reduction and adjustment of corporate tax. 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 1,884,260 million, operating profit of JPY 112,150 million and net profit of JPY 90,900 million, for the same fiscal year. The Company also has raised its year-end dividend forecast from JPY 5.00 per share, which was announced on October 30, 2012, to JPY 10.00 per share, for the same fiscal year.