Sanyo Denki Co Ltd (6516.T)

6516.T on Tokyo Stock Exchange

22 Mar 2018
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Latest Key Developments (Source: Significant Developments)

Sanyo Denki lowers consolidated full-year outlook for FY 2016
Tuesday, 26 Apr 2016 

Sanyo Denki Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 80,282 mln yen from 86,000 mln yen for FY ended March 2016.Sees a decrease of operating profit forecast to 5,342 mln yen from 7,900 mln yen.Sees a decrease of ordinary profit forecast to 5,387 mln yen from 8,000 mln yen.Sees a decrease of net profit forecast to 3,685 mln yen from 5,600 mln yen.Sees a decrease of earnings per share to 59.34 yen from 90.16 yen.FY 2016 revenues of 82.70 bln yen, net income of 3.97 bln yen – Thomson Reuters I/B/E/S.Comments the impact of slower economic growth in China is the main reason for the forecast.  Full Article