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NISSIN CORP Lowers Mid-year and Full-year Consolidated Outlook for FY Ending March 31, 2013


Wednesday, 31 Oct 2012 02:00am EDT 

NISSIN CORP announced that it has lowered its mid-year consolidated outlook for revenue from JPY 98,500 million to JPY 88,070 million, operating profit from JPY 2,650 million to JPY 2,020 million, ordinary profit from JPY 2,750 million to JPY 2,120 million, net profit from JPY 1,650 million to JPY 860 million and earnings per share from JPY 16.81 to JPY 8.76 for the fiscal year ending March 31, 2013. The Company also has raised its full-year consolidated outlook for revenue from JPY 197,000 million to JPY 179,800 million, operating profit from JPY 5,300 million to JPY 4,200 million, ordinary profit from JPY 5,500 million to JPY 4,300 million, net profit from JPY 3,300 million to JPY 2,300 million and earnings per share from JPY 33.62 to JPY 23.43 for the fiscal year ending March 31, 2013. The Company lowered its mid-year and full-year consolidated outlook mainly due to impairment loss on investment securities and slow movement of the electronic parts goods. 

Company Quote

285.0
-3.0 -1.04%
1:55am EDT