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Kansai Super Market Ltd (9919.T)

9919.T on Tokyo Stock Exchange

23 Mar 2018
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¥-34 (-3.01%)
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KANSAI SUPER MARKET lowers consolidated full-year outlook and expects extraordinary loss for FY 2016
Saturday, 16 Apr 2016 

KANSAI SUPER MARKET LTD:Says the company lowered the consolidated full-year outlook for revenue to 120,080 mln yen from 121,260 mln yen for the fiscal year ended March 31, 2016.Sees a decrease of operating profit forecast to 1,370 mln yen from 1,610 mln yen.Sees a decrease of ordinary profit forecast to 1,850 mln yen from 2,030 mln yen.Sees a decrease of net profit forecast to 920 mln yen from 1,310 mln yen.Sees a decrease of earnings per share to 32.57 yen from 46.38 yen.Says it expects an extraordinary loss of 297 million yen recorded as an impairment loss for the fiscal year ended March 31, 2016.Comments the sluggish consumer spending and extraordinary loss recorded are the main reasons for the forecast.  Full Article