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Takachiho Co Ltd expects extraordinary loss and lowers consolidated full-year outlook and cancels year-end dividend for FY 2014

Friday, 9 May 2014 03:10am EDT 

Takachiho Co Ltd:Says it expects an extraordinary loss of about 67 million yen for FY ended March 31, 2014 and the loss is recorded for the impairment loss of fixed assets.Says the company lowered the consolidated full-year outlook for the FY ended March 2014.Revenue forecast decreased to 12,038 million yen from 12,600 million yen.Operating profit forecast decreased to 105 million yen from 180 million yen.Ordinary profit forecast decreased to 58 million yen from 120 million yen.Net profit forecast decreased to a loss of 55 million yen from 60 million yen.Earnings per share forecast decreased to a loss of 8.81 yen from 9.59 yen.Comments that decreased tourist caused by unseasonable weather and snow and extraordinary loss are the main reasons for the forecast.Resolved to cancel the year-end dividend for the FY ended March 2014.Latest dividend forecast was 2 yen per share disclosed on May 13, 2013. 

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