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Onoken Co Ltd (7414.T)

7414.T on Tokyo Stock Exchange

1,619JPY
26 May 2017
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Latest Key Developments (Source: Significant Developments)

ONOKEN revises consolidated mid-year and full-year outlook for FY 2016; revises mid-year and year-end dividend outlook for FY 2016
Thursday, 5 Nov 2015 12:00am EST 

ONOKEN CO LTD:Says the company lowered the consolidated mid-year outlook for revenue to 92,973 million yen from 96,764 million yen for the fiscal year ending March 31, 2016.Sees an increase of mid-year operating profit forecast to 2,061 million yen from 1,852 million yen.Sees an increase of mid-year ordinary profit forecast to 2,152 million yen from 1,921 million yen.Sees an increase of mid-year net profit forecast to 1,430 million yen from 1,330 million yen.Sees an increase of mid-year earnings per share to 68.99 yen from 64.17 yen.Says the company lowered the consolidated full-year outlook for revenue to 191,966 million yen from 200,752 million yen for the fiscal year ending March 31, 2016.Sees a decrease of full-year operating profit forecast to 4,205 million yen from 4,376 million yen.Sees a decrease of full-year ordinary profit forecast to 4,363 million yen from 4,509 million yen.Sees a decrease of full-year net profit forecast to 2,925 million yen from 3,111 million yen.Sees a decrease of full-year earnings per share to 141.12 yen from 150.10 yen.Comments that increased sales income and decreased demand of steel material are the main reasons for the forecast.Raises mid-year dividend outlook to 19 yen per share, from 17 yen per share, for the same fiscal year.Lowers year-end dividend outlook to 20 yen per share, from 23 yen per share, for the same fiscal year.  Full Article

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