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Kawai Musical Instruments Manufacturing Co Ltd Amends Consolidated Full-year Forecast for FY 2013

Thursday, 7 Feb 2013 12:30am EST 

Kawai Musical Instruments Manufacturing Co Ltd announced that it has lowered the consolidated full-year forecast for revenue from JPY 56,000 million to JPY 54,500 million, operating profit from JPY 2,000 million to JPY 1,300 million, ordinary profit from JPY 1,700 million to JPY 1,600 million and reaffirmed the forecast for net profit of JPY 1,000 million and earning per share of JPY 11.69 for the fiscal year ending March 31, 2013. The Company lowered the consolidated full-year outlook due to the downturn in economy and the aggravated order environment. 

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