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Fuji Heavy Industries Ltd Raises Full-year Consolidated Outlook for FY 2014

Thursday, 31 Oct 2013 01:15am EDT 

Fuji Heavy Industries Ltd announced that it has raised its full-year consolidated outlook for revenue from JPY 2,080,000 million to JPY 2,300,000 million, operating profit from JPY 198,000 million to JPY 278,000 million, ordinary profit from JPY 193,000 million to JPY 272,000 million, net profit from JPY 121,000 million to JPY 178,000 million, and earnings per share from JPY 155.04 to JPY 228.08, for the fiscal year ending March 31, 2014. The Company raised its full-year consolidated outlook mainly due to the change in exchange rate, increase in sales volume of automobiles and reduction in cost. 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 2,271,880 million, operating profit of JPY 282,680 million and net profit of JPY 179,880 million, for the same fiscal year.