T.Kawabe& Co Ltd Amends Full-year Consolidated Outlook for FY 2013

T.Kawabe& Co Ltd announced that it has lowered its full-year consolidated outlook for revenue from JPY 16,500 million to JPY 16,300 million, and raised its full-year consolidated outlook for operating profit from JPY 750 million to JPY 830 million, ordinary profit from JPY 800 million to JPY 880 million, net profit (loss) from JPY (210 million) to JPY (80 million), and earnings (loss) per share from JPY (11.33) to JPY (4.31), for the fiscal year ending March 31, 2013. The Company lowered its full-year consolidated outlook for revenue mainly due to the decrease in sales of handkerchiefs and decrease in demands for Christmas gifts, and raised its full-year consolidated outlook for operating profit, ordinary profit and net profit mainly due to the reduction in personnel and other costs.