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Oval Corp (7727.T)

7727.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

OVAL amends consolidated mid-year outlook for FY 2016
Monday, 26 Oct 2015 02:00am EDT 

OVAL Corp:Says the company lowered the consolidated mid-year outlook for revenue to 5,900 million yen from 6,300 million yen for FY ending March 2016.Operating profit forecast increased to 150 million yen from 130 million yen.Ordinary profit forecast increased to 240 million yen from 140 million yen.Net profit forecast increased to 50 million yen from 30 million yen.Earnings per share increased to 2.39 yen from 1.34 yen.Comments the sales decrease and foreign exchange gain and product recall in subsidiary are the main reasons for the forecast.  Full Article