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ARAYA INDUSTRIAL CO LTD Lowers Consolidated Mid-year Outlook for FY 2013

Friday, 2 Nov 2012 02:00am EDT 

ARAYA INDUSTRIAL CO LTD announced that it has lowered the consolidated mid-year outlook for revenue from JPY 19,000 million to JPY 16,530 million, operating profit from JPY 180 million to JPY 130 million, ordinary profit from JPY 150 million to JPY 100 million, net profit (loss) from JPY 90 million to JPY (200 million) and earning (loss) per share from JPY 1.59 to JPY (3.54) for the fiscal year ending March 31, 2013. The negative outlook is mainly due to the stop of eco-car subsidy, impact of adjustment of inventory, and record of extraordinary losses. 

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1.0 +0.63%
21 Aug 2014