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MEIWA INDUSTRY CO LTD Amends Consolidated Full-year Outlook for FY 2013; Expects Extraordinary Loss for FY 2013

Friday, 26 Apr 2013 02:00am EDT 

MEIWA INDUSTRY CO LTD announced that it has raised the consolidated full-year forecast for revenue from JPY 18,800 million to JPY 19,000 million, ordinary profit from JPY 600 million to JPY 660 million, net profit from JPY 450 million to JPY 640 million and earning per share from JPY 33.58 to JPY 47.76, but has lowered the consolidated full-year outlook for operating profit from JPY 640 million to JPY 410 million for the fiscal year ended March 31, 2013. The positive outlook is mainly due to the tax discount due to eco-car policy The negative outlook for operating profit is mainly due to the high costs and costs in global market development. The Company is also expecting an extraordinary loss of JPY 155 million, as cost in the restructuring, for the fiscal year ended March 31, 2013. 

Company Quote

18.0 +11.18%
2:00am EDT