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SEIKO HOLDINGS CORP Expects Extraordinary Profits for Q4 of FY 2013; Amends Consolidated Full-year Outlook for FY 2013


Tuesday, 12 Feb 2013 01:00am EST 

SEIKO HOLDINGS CORP announced that it is expecting an extraordinary profit of approximately JPY 4.9 billion, as gain on selling of subsidiary's stock, for the fourth quarter of fiscal year ending March 31, 2013. The Company also announced that it is expecting an extraordinary profit of approximately 2.8 billion, as gain on negative goodwill, for the fourth quarter of fiscal year ending March 31, 2013. The Company also announced that it has lowered the consolidated full-year outlook for revenue from JPY 290,000 million to JPY 280,000 million, operating profit from JPY 9,500 million to JPY 9,000 million, reaffirmed the operating profit at JPY 5,000 million, but has raised the outlook for net profit from JPY 2,500 million to JPY 9,000 million and earning per share from JPy 13.67 to JPY 47.87 for the fiscal year ending March 31, 2013. The negative outlook for revenue is mainly due to reduction of sales proceeds due to divestiture of the science machinery business. 

Company Quote

440.0
3.0 +0.69%
19 Sep 2014