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Zensho Holdings Co Ltd Lowers Consolidated Mid-year and Full-year Guidance for FY 2014


Thursday, 31 Oct 2013 10:30pm EDT 

Zensho Holdings Co Ltd announced that the Company has lowered the consolidated mid-year guidance for revenue from JPY 236,030 million to JPY 227,649 million, operating profit from JPY 9,968 million to JPY 4,342 million, ordinary profit from JPY 9,072 million to JPY 4,123 million, net profit from JPY 3,194 million to JPY 404 million and earning per share from JPY 26.38 to JPY 3.34 for the fiscal year ending March 31, 2014. The Company has also lowered the consolidated full-year guidance for revenue from JPY 473,927 million to JPY 454,406 million, operating profit from JPY 18,863 million to JPY 8,327 million, ordinary profit from JPY 17,232 million to JPY 7,454 million, net profit from JPY 6,259 million to JPY 571 million and earning per share from JPY 51.70 to JPY 4.72 for the fiscal year ending March 31, 2014. The Company lowered the consolidated mid-year and full-year forecasts due to poor sales performance. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of JPY 464.70 billion and net profit of JPY 5.93 billion for the fiscal year ending March 2014. 

Company Quote

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