AMSC Co Ltd Lowers Consolidated Full-year Outlook for FY 2013; Cancels Year-end Dividend for FY 2013

AMSC Co Ltd announced that it has lowered the consolidated full-year outlook for revenue from JPY 7,430 million to JPY 6,344 million, operating profit (loss) from JPY (320 million) to JPY (446 million), ordinary profit (loss) from JPY (359 million) to JPY (549 million), net profit (loss) from JPY (35 million) to JPY (336 million) and earning (loss) per share from JPY (7.32) to JPY (70.31) for the fiscal year ending March 31, 2013. The negative outlook is mainly due to cancel of franchise contract and loss in early retirement program. The Company also announced that it has decided to cancel the year-end dividend for the fiscal year ending March 2013. The latest dividend forecast was JPY 3 per share, which was disclosed on November 5, 2013.