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Maruman & Co Ltd Amends Consolidated Full-year Outlook for FY 2013; Expects Extraordinary Loss for FY 2013; Cancels Year-end Dividend for FY 2013


Friday, 8 Nov 2013 04:00am EST 

Maruman & Co Ltd announced that it has raised consolidated full-year outlook for revenue from JPY 6,200 million to JPY 6,298 million, but lowered the outlook for operating profit (loss) from JPY (220 million) to JPY (322 million), ordinary profit (loss) from JPY (110 million) to JPY (179 million), net profit (loss) from JPY (400 million) to JPY (1,340 million), earnings (loss) per share from JPY 35.19 to JPY 117.93 for the fiscal year ended September 30, 2013. The positive revenue outlook is mainly due to gain on newly established brand. The negative profit outlook is mainly due to increase of procurement costs, loss in securities investment, as well as increase of tax costs. The Company is also expecting an extraordinary loss of JPY 294 million, as loss in securities investment, for the fiscal year ended September 30, 2013. The Company also announced that it has canceled the year-end dividend for the same fiscal year. The latest dividend forecast was JPY 5 per share. 

Company Quote

119.0
1.0 +0.85%
29 Aug 2014