Aoyama Trading Co., Ltd. Raises Consolidated Full-year Outlook for FY 2012

Aoyama Trading Co., Ltd. announced that it has raised the consolidated full-year outlook for revenue from JPY 195,200 million to JPY 200,038 million and operating profit from JPY 14,700 million to JPY 18,273 million, ordinary profit from JPY 13,600 million to JPY 19,226 million, net profit from JPY 5,800 million to JPY 9,097 million and earning per share from JPY 91.28 to JPY 143.15 for the fiscal year ended March 31, 2012. The positive outlook is mainly due to increase of sales, record of profits as derivatives evaluation, as well as less-than-expected depletion loss. According to I/B/E/S Estimates, analysts on average were expecting the Company to report full-year revenue of JPY 196.92 billion, operating profit of JPY 17.08 billion and net income of JPY 7.88 billion.