L'ALBA Holdings Corp Lowers Consolidated Full-year Outlook for FY 2013; Expects Extraordinary Loss for FY 2013

L'ALBA Holdings Corp announced that it has lowered the consolidated full-year outlook for revenue from JPY 1,660 million to JPY 1,130 million, operating profit (loss) from JPY 50 million to JPY (190 million), ordinary profit (loss) from JPY (156 million) to JPY (400 million), net profit (loss) from JPY (56 million) to JPY (270 million) and earning (loss) per share from JPY (0.18) to JPY (0.84) for the fiscal year ending May 20, 2013. The negative outlook is mainly due to less-than-expected sales. The Company also announced that it is expecting an extraordinary loss of JPY 25 million, as loss in the business rehabilitation, for the third quarter of fiscal year ending May 20, 2013.