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Okuwa Co Ltd (8217.T)

8217.T on Tokyo Stock Exchange

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OKUWA amends consolidated full-year outlook for FY 2016
Tuesday, 29 Mar 2016 

OKUWA CO LTD:Says the company revised the consolidated full-year outlook for the FY ended Feb. 2016.Revenue forecast revised to 268,100 million yen from 274,000 million yen.Operating profit forecast revised to 2,360 million yen from 2,600 million yen.Ordinary profit forecast revised to 2,980 million yen from 3,200 million yen.Net profit forecast revised to 800 million yen from 700 million yen.Earnings per share revised to 17.92 yen from 15.67 yen.Comments that sales competition, impact of weather and extraordinary loss lower than expected are the main reasons for the forecast.  Full Article