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ORVIS CORP Lowers Consolidated Full-year Outlook for FY 2013; Cancels Year-end Dividend for FY 2013

Thursday, 12 Sep 2013 02:50am EDT 

ORVIS CORP announced that it has lowered the consolidated full-year outlook for revenue from JPY 11,359 million to JPY 10,998 million, operating profit from JPY 129 million to JPY 0, ordinary profit (loss) from JPY 38 million to JPY (87 million), net profit (loss) from JPY 22 million to JPY (100 million) and earning (loss) per share from JPY 13.19 to JPY (58.24) for the fiscal year ending October 31, 2013. The negative outlook is mainly due to increase of raw material cost. The Company also announced that it has decided to cancel the year-end dividend for the fiscal year ending October 31, 2013. The latest dividend forecast was JPY 10 per share, disclosed on December 12, 2012. 

Company Quote

-7.0 -0.96%
8:13pm EDT