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Daiei Inc Expects Extraordinary Losses for Q2 of FY 2014; Lowers Consolidated Mid-year Forecast for FY 2014


Wednesday, 25 Sep 2013 02:30am EDT 

Daiei Inc announced that it expects JPY 7,446 million extraordinary loss on impairment of fixed asset, as well as JPY 1,850 million extraordinary loss on close of stores, for the second quarter of the fiscal year ending February 2014. The Company has lowered the consolidated mid-year forecast for revenue from JPY 411,000 million to JPY 409,000 million, operating profit (loss) from JPY (1,000 million) to JPY (4,150 million), ordinary profit (loss) from JPY (2,050 million) to JPY (4,750 million), net profit (loss) from an undetermined value to JPY (14,500 million) and earning (loss) per share from an undetermined value to JPY (72.91) for the fiscal year ending February 2014. 

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