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Mitsubishi Pencil Co Ltd (7976.T)

7976.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

MITSUBISHI PENCIL raises consolidated full-year and mid-year and year-end dividend forecast outlook for FY 2015
Tuesday, 21 Jul 2015 03:00am EDT 

MITSUBISHI PENCIL CO LTD:Says the company raised the consolidated mid-year outlook for revenue to 33,200 million yen from 32,000 million yen for the fiscal year ending Dec. 31, 2015.Sees an increase of mid-year operating profit forecast to 6,600 million yen from 5,700 million yen.Sees an increase of mid-year ordinary profit forecast to 6,900 million yen from 5,900 million yen.Sees an increase of mid-year net profit forecast to 4,500 million yen from 3,800 million yen.Sees an increase of mid-year earnings per share to 156.32 yen from 131.73 yen.Says the company raised the consolidated full-year outlook for revenue to 65,500 million yen from 64,000 million yen for the fiscal year ending Dec. 31, 2015.Sees an increase of full-year operating profit forecast to 11,800 million yen from 10,700 million yen.Sees an increase of full-year ordinary profit forecast to 12,800 million yen from 11,600 million yen.Sees an increase of full-year net profit forecast to 8,100 million yen from 7,400 million yen.Sees an increase of full-year earnings per share to 281.37 yen from 257.05 yen.FY 2015 revenues of 64.59 billion yen, net profit of 8.07 billion yen – Thomson Reuters I/B/E/S.Comments that increased sales of pencil business and cheap Japanese yen are the main reasons for the forecast.Sees mid-year and year-end dividend forecast of 18.00 yen per share, raised from 16.50 yen per share, respectively, for the same fiscal year.  Full Article

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