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Japan Exchange Group, Inc. Raises Mid-year and Full-year Consolidated Outlook for FY 2014; Raises Mid-term and Year-end Dividend Forecasts for FY 2014


Thursday, 18 Jul 2013 11:00pm EDT 

Japan Exchange Group, Inc. announced that it has raised its mid-year consolidated outlook for revenue from JPY 43,500 million to JPY 58,000 million, operating profit from JPY 11,500 million to JPY 24,000 million, ordinary profit from JPY 12,000 million to JPY 25,000 million, net profit from JPY 6,500 million to JPY 15,000 million, and earnings per share from JPY 23.68 to JPY 54.64, for the fiscal year ending March 31, 2014. The Company also has raised its full-year consolidated outlook for revenue from JPY 87,000 million to JPY 101,500 million, operating profit from JPY 23,000 million to JPY 36,500 million, ordinary profit from JPY 24,000 million to JPY 38,000 million, net profit from JPY 13,000 million to JPY 22,000 million, and earnings per share from JPY 47.35 to JPY 80.14, for the same fiscal year. The Company raised its mid-year and full-year consolidated outlook mainly due to the increase in trading volume of securities, futures and options. The Company also has raised its mid-term dividend forecast from JPY 45.00 per share to JPY 80.00 per share, and year-end dividend forecast from JPY 10.00 per share to JPY 16.00 per share, for the same fiscal year. According to I/B/E/S Estimates, analysts on average are expecting the Company to report its full-year consolidated outlook for revenue of JPY 102,700 million, operating profit of JPY 40,850 million and net profit of JPY 21,430 million, for the same fiscal year.