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Daito Electron Co Ltd Lowers Consolidated Full-year Outlook for FY 2013; Lowers Year-end Dividend Forecast for FY 2013


Friday, 1 Nov 2013 02:10am EDT 

Daito Electron Co Ltd announced that it has lowered consolidated full-year outlook for revenue from JPY 37,000 million to JPY 35,000 million, operating profit from JPY 520 million to JPY 40 million, ordinary profit from JPY 500 million to JPY 110 million, net profit (loss) from JPY 270 million to JPY (220 million), earnings (loss) per share from JPY 24.3 to JPY (19.8) for the fiscal year ending December 2013. The negative outlook is mainly due to low demand of industrial machinery and equipments. The Company has also lowered the year-end dividend forecast from JPY 10 per share, to JPY 5 per share, for the fiscal year ending December 2013. 

Company Quote

470.0
7.0 +1.51%
12:49am EDT