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Shinseido Co Ltd Expects Extraordinary Profits for Q4 of FY 2013; Expects Extraordinary Losses for FY 2013; Lowers Full-year Outlook for FY 2013


Thursday, 4 Apr 2013 03:30am EDT 

Shinseido Co Ltd announced that it expects the extraordinary profit of JPY 4,493 million caused by gain on waiver of debts and the extraordinary profit of JPY 13 million caused by gain on sale of property, for the fourth quarter of the fiscal year ended February 28, 2013. The Company also expects the extraordinary loss of JPY 1,117 million caused by loss on sale of business, the extraordinary losses of JPY 68 million and JPY 81 million caused by impairment losses, the extraordinary loss of JPY 5 million caused loss on liquidation of joint venture, the extraordinary losses of JPY 16 million, JPY 20 million and JPY 48 million caused by business improvement cost, as well as the extraordinary losses of JPY 474,000 caused by disposal of property, for the fiscal year ended February 28, 2013. The Company announced that it has lowered its full-year outlook for revenue from JPY 23,600 million to JPY 23,590 million, operating profit (loss) from JPY (240 million) to JPY (1,016 million), ordinary profit (loss) from JPY (140 million) to JPY (917 million), net profit from JPY 2,700 million to JPY 2,155 million, and earnings per share from JPY 76.65 to JPY 59.49, for the fiscal year ended February 28, 2013. The Company lowered its full-year outlook mainly due to the devaluation on instrument-related products and decrease in rebate income. 

Company Quote

184.0
2.0 +1.10%
12:58am EST