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ARCS CO LTD Amends Consolidated Mid-year & Full-year Guidance for FY 2014; Expects Extraordinary Loss for FY 2014; Receives Cease & Desist Order and Surcharge Payment Order from Fair Trade Commission


Tuesday, 11 Jun 2013 04:45am EDT 

ARCS CO LTD announced that it has reaffirmed the consolidated mid-year guidance for revenue of JPY 233,000 million, operating profit of JPY 7,100 million, ordinary profit of JPY 7,500 million and lowered the guidance for net profit of JPY 4,000 million to JPY 2,700 million and earning per share from JPY 72.69 to JPY 49.07 for the fiscal year ending February 2014. The Company has reaffirmed the consolidated full-year guidance for revenue of JPY 460,000 million, operating profit of JPY 14,100 million, ordinary profit of JPY 15,000 million and lowered the guidance for net profit of JPY 7,600 million to JPY 6,300 million and earning per share from JPY 138.12 to JPY 114.49 for the fiscal year ending February 2014. This is because the Company has received cease and desist order and surcharge payment order from Fair Trade Commission on June 11, 2013. The Company expects JPY 1.3 billion extraordinary loss for the second quarter of the fiscal year ending February 2014. 

Company Quote

2918.0
68.0 +2.39%
27 Mar 2015