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Daiei Inc Expects Extraordinary Loss for FY 2013; Amends Consolidated Full-year Forecast for FY 2013

Wednesday, 27 Mar 2013 02:40am EDT 

Daiei Inc announced that it expects JPY 2,511 million extraordinary loss on impairment of fixed asset for the fiscal year ended February 2013. The Company has lowered the consolidated full-year forecast for revenue from JPY 843,000 million to JPY 831,000 million, operating profit (loss) from JPY 1,500 million to JPY (2,700 million), ordinary profit (loss) from JPY (1,000 million) to JPY (3,700 million), but raised the forecast for net profit (loss) from JPY (5,000 million) to JPY (3,700 million) and earning (loss) per share from JPY (25.14) to JPY (18.60) for the fiscal year ending February 28, 2013. The Company lowered the consolidated full-year outlook for revenue, operating profit and ordinary profit due to decreased sales, but raised the outlook for net profit due to record of extraordinary profit on sale of investment in securities. 

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