Meiwa Estate Co Ltd (8869.T)

8869.T on Tokyo Stock Exchange

22 Mar 2018
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Meiwa Estate lowers consolidated full-year outlook for FY 2016
Wednesday, 27 Apr 2016 

Meiwa Estate Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 45,100 mln yen from 47,400 mln yen for the fiscal year ended March 31, 2016.Sees a decrease of operating profit forecast to 3,000 mln yen from 3,300 mln yen.Sees a decrease of ordinary profit forecast to 2,600 mln yen from 2,800 mln yen.Sees a decrease of net profit forecast to 2,200 mln yen from 2,500 mln yen.Sees a decrease of earnings per share to 88.38 yen from 100.43 yen.Comments the lower sale volume than expected as the main reason for the forecast.  Full Article