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TSUBAKIMOTO KOGYO CO LTD Lowers Consolidated Full-year Forecast for FY 2013

Wednesday, 8 May 2013 02:00am EDT 

TSUBAKIMOTO KOGYO CO LTD announced that it has lowered the consolidated full-year forecast for revenue from JPY 84,000 million to JPY 81,400 million, operating profit from JPY 1,950 million to JPY 1,900 million, net profit from JPY 1,000 million to JPY 500 million and earning per share from JPY 31.07 to JPY 18.65 and reaffirmed the forecast for ordinary profit of JPY 2,050 million for the fiscal year ended March 31, 2013. The Company lowered the consolidated full-year outlook due to expectation of JPY 607 million extraordinary loss due to former employee's misconduct. 

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