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SANKO SANGYO CO LTD Lowers Consolidated Full-year Forecast for Net Profit for FY 2013
SANKO SANGYO CO LTD announced that it has reaffirmed the consolidated full-year forecast for revenue of JPY 9,676 million, operating profit of JPY 22 million, ordinary profit of JPY 12 million and lowered the forecast for net profit (loss) from JPY (16 million) to JPY (300 million) and earning (loss) per share from JPY (2.58) to JPY (48.44) for the fiscal year ending March 31, 2013. The Company lowered the consolidated full-year outlook for net profit due to records of extraordinary losses on early-retirement program and revaluation of investment in securities.
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