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KAPPA·CREATE HOLDINGS CO., LTD. Lowers Consolidated Full-year Outlook for FY 2014; Expects Extraordinary Loss for Q2 of FY 2014; Cancels Mid-year Dividend and Year-end Dividend for FY 2014

Monday, 7 Oct 2013 02:00am EDT 

KAPPA·CREATE HOLDINGS CO., LTD. announced that it has lowered consolidated full-year outlook for revenue (loss) from JPY 1,660 million to JPY (940 million), operating profit (loss) from JPY 1,580 million to JPY (970 million), ordinary profit from (loss) JPY 520 million to JPY (4,200 million), net profit (loss) from JPY 27.05 million to JPY (210.27 million), earnings (loss) per share JPY 27.05 to JPY (210.27) for the fiscal year ending February 2014. The negative outlook is mainly due to increase of sales costs and general management costs. The Company is also expecting an extraordinary loss of JPY 2,870 million, as loss in depletion of fixed assets and closing of stores, for the second quarter of fiscal year ending February 2014. The Company has resolved to cancel the mid-year (previous forecast JPY 10 per share) and year-end dividend (previous forecast JPY 5 per share) for the same fiscal year. 

Company Quote

3.0 +0.27%
12:14am EDT