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Maezawa Industries Inc (6489.T)

6489.T on Tokyo Stock Exchange

445JPY
20 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Maezawa Industries amends consolidated mid-year outlook for FY 2016 and expects extraordinary profit for H1 of FY 2016
Thursday, 7 Jan 2016 02:30am EST 

Maezawa Industries Inc:Says the company lowered the consolidated mid-year outlook for revenue to 9,643 mln yen from 10,100 mln yen for the fiscal year ending May 31, 2016.Operating profit forecast increased to a loss of 1,142 mln yen from a loss of 1,170 mln yen.Ordinary profit forecast increased to a loss of 1,152 mln yen from a loss of 1,180 mln yen.Net profit forecast increased to a loss of 802 mln yen from a loss of 1,190 mln yen.Earnings per share increased to a loss of 43.78 yen from a loss of 64.90 yen.Says revenue outlook lowered due to the decrease in order volume and profit outlook raised due to the cost reduction.Says it expects an extraordinary profit of 353 mln yen for H1 of fiscal year ending May 31, 2016.  Full Article