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Three F expects extraordinary loss and lowers full-year consolidated outlook for FY 2014; cancels year-end dividend payment for FY 2014

Friday, 28 Mar 2014 04:00am EDT 

Three F Co Ltd:Sees extraordinary loss of 791 mln yen for impairment loss on store assets and loss on close of stores, for fiscal year ended Feb. 28, 2014.Lowered full-year consolidated outlook for fiscal year ended Feb. 28, 2014.Full-year revenue outlook of 22,434 mln yen lowered from 24,100 mln yen.Full-year operating profit outlook of 168 mln yen lowered from 350 mln yen.Full-year ordinary profit outlook of 215 mln yen lowered from 400 mln yen.Full-year net profit (loss) outlook of (1,153 mln) yen lowered from 50 mln yen.Full-year earnings (loss) per share outlook of (152.30) yen lowered from 6.60 yen.Outlook lowered due to decrease in stores and extraordinary loss.Canceled year-end dividend payment, which was announced as 3 yen per share, for the same fiscal year. 

Company Quote

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19 Sep 2014