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SATORI ELECTRIC CO LTD Expects Extraordinary Loss for Q3 of FY 2013; Amends Full-year Consolidated Outlook for FY 2013


Thursday, 4 Apr 2013 02:00am EDT 

SATORI ELECTRIC CO LTD announced that it expects the extraordinary loss of JPY 867 million caused by business restructuring cost including early retirement payment, for the third quarter of the fiscal year ending May 31, 2013. The Company also has reaffirmed its full-year consolidated outlook for revenue of JPY 130,000 million, operating profit of JPY 400 million, raised its full-year consolidated outlook for ordinary profit from JPY 400 million to JPY 500 million, and lowered its full-year consolidated outlook for net profit (loss) from JPY 150 million to JPY (2,100 million), and earnings (loss) per share from JPY 8.85 to JPY (123.84), for the fiscal year ending May 31, 2013. The Company raised its full-year consolidated outlook for ordinary profit mainly due to the depreciation of yen, and lowered its full-year consolidated outlook for net profit mainly due to the extraordinary loss caused by business restructuring cost and adjustment of corporate tax. 

Company Quote

662.0
3.0 +0.46%
2:00am EDT