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Izutsuya Co Ltd (8260.T)

8260.T on Tokyo Stock Exchange

2 Dec 2016
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¥5 (+1.25%)
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Latest Key Developments (Source: Significant Developments)

IZUTSUYA to shut down store and expects extraordinary loss for Q4 of FY 2015; lowers full-year consolidated outlook for FY 2015
Friday, 6 Feb 2015 01:00am EST 

IZUTSUYA CO LTD:To shut down a store located in Fukuoka, by the end of December.Sees extraordinary loss of about 1,100 mln yen as impairment loss following shutdown of the store, for Q4 of fiscal year ending Feb. 2015.Lowered full-year consolidated outlook for fiscal year ending Feb. 28, 2015.Full-year revenue outlook of 85,100 mln yen lowered from 87,500 mln yen.Full-year operating profit outlook of 1,800 mln yen lowered from 2,300 mln yen.Full-year ordinary profit outlook of 1,200 mln yen lowered from 1,800 mln yen.Full-year net profit outlook of a loss of 4,500 mln yen lowered from a loss of 3,800 mln yen.Full-year earnings per share outlook of a loss of 39.71 yen lowered from a loss of 33.16 yen.Outlook lowered due to decreased demands following increased consumption tax, increased material cost and the extraordinary loss.  Full Article