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Konaka Co Ltd (7494.T)

7494.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

KONAKA lowers consolidated full-year outlook for FY 2016 and expects extraordinary loss for FY 2016
Friday, 11 Sep 2015 02:00am EDT 

KONAKA CO LTD:Says the company lowered the consolidated full-year outlook for revenue to 69,034 million yen from 72,600 million yen for FY ending Sep. 2016.Sees a decrease of operating profit forecast to 2,304 million yen from 3,200 million yen.Sees a decrease of ordinary profit forecast to 2,774 million yen from 3,500 million yen.Sees a decrease of net profit forecast to 1,010 million yen from 2,200 million yen.Sees a decrease of earnings per share to 34.68 yen from 75.55 yen.Comments the sales decrease and impairment loss are the main reasons for the forecast.Expects extraordinary loss of 877 mln yen as impairment loss for FY 2016.  Full Article