Noritsu Koki Co Ltd Announces Uncollectable Receivables; Announces Extraordinary Losses and Amends Consolidated Full-year Outlook for FY 2013

Noritsu Koki Co Ltd announced its concern of JPY 787 million uncollectable receivables from a Tokyo-based company, which mainly engages in the energy consulting business and other energy related business. This is because the Tokyo-based company has received approval for start of bankruptcy procedures from the Tokyo District Court on March 15, 2013. Following this, the Company will record a JPY 410 million extraordinary loss on the provision for bad debts, a JPY 280 million extraordinary loss on the revaluation of investment securities as well as a JPY 97 million extraordinary loss on the revaluation of inventory assets, for the fiscal year ending March 2013. In addition, the Company has affirmed its consolidated full-year outlook for revenue of JPY 27,000 million, but lowered the outlook for operating profit from JPY 750 million to JPY 600 million, net profit from JPY 700 million to JPY 350 million and earning per share from JPY 19.66 to JPY 9.83, but raised the outlook for ordinary profit from JPY 700 million to JPY 950 million, for the fiscal year ending March 2013.