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Wellco Holdings Corp Amends Consolidated Mid-year and Full-year Guidance for FY 2013; Expects Extraordinary Losses for 2013


Monday, 10 Jun 2013 04:00am EDT 

Wellco Holdings Corp announced that the Company has raised the consolidated mid-year guidance for revenue from JPY 6,290 million to JPY 6,895 million, operating profit from JPY 200 million to JPY 246 million, ordinary profit from JPY 210 million to JPY 310 million but lowered the guidance for net profit from JPY 210 million to JPY 2 million and earning per share from JPY 8.52 to JPY 0.09 for the fiscal year ending October 31, 2013. The Company has also raised the consolidated full-year guidance for revenue from JPY 12,570 million to JPY 13,600 million, operating profit from JPY 240 million to JPY 366 million, ordinary profit from JPY 250 million to JPY 430 million but lowered the guidance for net profit from JPY 250 million to JPY 100 million and earning per share from JPY 10.14 to JPY 4.06 for the fiscal year ending October 31, 2013. The Company amended the consolidated mid-year and full-year outlook due to decreased costs, as well as record of extraordinary losses. The Company expects JPY 55,823,000 extraordinary loss on settlement payment, as well as JPY 183,000,000 extraordinary losses on lawsuit for the fiscal year ending October 31, 2013. 

Company Quote

120.0
-2.0 -1.64%
1 Aug 2014