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MAXVALU NISHINIHON CO LTD Amends Consolidated Mid-year Outlook for FY 2014; Expects Extraordinary Loss for FY 2014


Friday, 20 Sep 2013 02:00am EDT 

MAXVALU NISHINIHON CO LTD announced that it has raised consolidated mid-year outlook for revenue from JPY 130,000 million to JPY 132,067 million, but lowered outlook for operating profit from JPY 2,500 million to JPY 1,436 million, ordinary profit from JPY 2,550 million to JPY 1,549 million, net profit from JPY 1000 million to JPY 174 million, earning per share from JPY 38.24 to JPY 6.66 for the fiscal year ending February 2014. The positive outlook for revenue is mainly due to opening up of new shops and activating the operation of old shops. The negative profit outlook is mainly due to fierce sales competition and low profit margin. The Company is also expecting an extraordinary loss of JPY 990 million, as fixed assets depletion loss, for the fiscal year ending February 2014. 

Company Quote

1518.0
13.0 +0.86%
21 Nov 2014