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Credit Saison Co Ltd Amends Consolidated Full-year Outlook for FY 2013

Thursday, 8 Nov 2012 01:00am EST 

Credit Saison Co Ltd announced that it has lowered its consolidated full-year outlook for revenue from JPY 250,000 million to JPY 246,000 million and operating profit from JPY 43,000 million to JPY 42,000 million, but raised the outlook for ordinary profit from JPY 50,000 million to JPY 51,000 million, net profit from JPY 29,000 million to JPY 30,500 million and earning per share from JPY 157.92 to JPY 166.09, for the fiscal year ending March 2013. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 247.94 billion and net profit of JPY 30.56 billion. The Company raised the profit outlook due to the less-than-expected provision for bad debts and the good performance of associated companies, among others. 

Company Quote

-19.0 -0.92%
2:00am EDT