Citizen Holdings Co Ltd Lowers Consolidated Full-year Outlook for FY 2013; to Retire Treasury Stock

Citizen Holdings Co Ltd announced that it has lowered the consolidated full-year outlook for revenue from JPY 295,000 million to JPY 280,000 million, operating profit from JPY 20,500 million to JPY 14,500 million, ordinary profit from JPY 20,000 million to JPY 13,500 million, net profit from JPY 12,000 million to JPY 8,500 million and earning per share from JPY 37.04 to JPY 26.23 for the fiscal year ending March 31, 2013. The negative outlook is mainly due to the low market demand and speed down of China economy development. The Company also announced that it has decided to retire 20,000,000 shares of its treasury stock (a 5.7% stake), effective November 30, 2012.