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ZERO CO LTD Lowers Full-year Consolidated Outlook for FY 2013; to Pay Mid-term Dividend and Lowers Year-end Dividend Forecast for FY 2013


Thursday, 14 Feb 2013 02:00am EST 

ZERO CO LTD announced that it has lowered its full-year consolidated outlook for revenue from JPY 62,000 million to JPY 59,000 million, operating profit from JPY 2,850 million to JPY 1,700 million, ordinary profit from JPY 2,850 million to JPY 1,800 million, net profit from JPY 1,290 million to JPY 900 million, and earnings per share from JPY 75.47 to JPY 52.65, for the fiscal year ending June 30, 2013. The Company lowered its full-year consolidated outlook mainly due to the decrease in sales volume of new cars in domestic market and overseas market. The Company also announced that it has decided to pay a mid-term dividend of JPY 4 per share (JPY 68 million in total), below the latest dividend forecast of JPY 6 per share, to all the shareholders as a record of December 31, 2012, effective March 15, 2013. The Company has lowered its year-end dividend forecast from JPY 9 per share to JPY 6.50 per share, for the fiscal year ending June 30, 2013. 

Company Quote

690.0
10.0 +1.47%
2:00am EDT