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YAMAHA CORP Lowers Consolidated Mid-year Outlook for FY 2013

Thursday, 25 Oct 2012 02:30am EDT 

YAMAHA CORP announced that it has lowered its consolidated mid-year outlook for revenue from JPY 182,500 million to JPY 176,800 million, operating profit from JPY 8,500 million to JPY 6,800 million, ordinary profit from JPY 7,500 million to JPY 6,100 million, net profit from JPY 6,000 million to JPY 3,300 million and earning per share from JPY 30.98 to JPY 17.04, for the fiscal year ending March 2013. The Company lowered the outlook due to the less-than-expected sales and the advanced record of extraordinary loss on semiconductor structure reform, among others. 

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