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POPLAR CO Ltd Lowers Mid-year and Full-year Consolidated Outlook for FY 2014; Reaffirms Mid-term Dividend Forecast and Cancels Year-end Dividend Payment for FY 2014


Monday, 30 Sep 2013 01:00am EDT 

POPLAR CO Ltd announced that it has lowered its mid-year consolidated outlook for revenue from JPY 29,980 million to JPY 28,649 million, operating profit (loss) from JPY 255 million to JPY (65 million), ordinary profit (loss) from JPY 263 million to JPY (54 million), net profit (loss) from JPY 168 million to JPY (126 million), and earnings (loss) per share from JPY 17.01 to JPY (12.75), for the fiscal year ending February 28, 2014. The Company also has lowered its full-year consolidated outlook for revenue from JPY 57,969 million to JPY 54,851 million, operating profit (loss) from JPY 504 million to JPY (197 million), ordinary profit (loss) from JPY 517 million to JPY (194 million), net profit (loss) from JPY 145 million to JPY (679 million), and earnings (loss) per share from JPY 14.65 to JPY (68.59), for the same fiscal year. The Company lowered its mid-year and full-year consolidated outlook mainly due to the business competition, reduction in goods delivered of wholesale business as well as shutdown of non-profitable stores. The Company has reaffirmed its mid-term dividend forecast of JPY 5.00 per share and canceled the year-end dividend payment of JPY 5.00 per share, for the same fiscal year. 

Company Quote

543.0
-2.0 -0.37%
2:00am EDT