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Maxvalu Tokai Co Ltd Expects Extraordinary Loss and Lowers Full-year Consolidated Outlook for FY 2013


Tuesday, 2 Apr 2013 02:30am EDT 

Maxvalu Tokai Co Ltd announced that it expects the extraordinary loss of JPY 1,424 million in total, comprised of extraordinary loss of JPY 15 million caused by loss on disposal of fixed assets, extraordinary loss of JPY 1,401 million caused by impairment loss, as well as extraordinary loss of JPY 6 million loss on shutdown of stores, for the fiscal year ended February 28, 2013. The Company also announced that it has lowered its full-year consolidated outlook for revenue from JPY 176,000 million to JPY 167,721 million, operating profit from JPY 5,000 million to JPY 3,531 million, ordinary profit from JPY 4,940 million to JPY 3,636 million, net profit from JPY 2,200 million to JPY 1,570 million, and earnings per share from JPY 126.69 to JPY 90.00, for the fiscal year ended February 28, 2013. The Company lowered its full-year consolidated outlook mainly due to the decrease in customers. According to I/B/E/S Estimates, analysts on average are expecting the Company to report its full-year consolidated outlook for revenue of JPY 169,400 million, operating profit of JPY 4,000 million and net profit of JPY 1,700 million, for the same fiscal year. 

Company Quote

1416.0
-4.0 -0.28%
14 Jul 2014