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Takasago Lowers Full-year Consolidated Outlook

Posted: March 2, 2009

Takasago International Corporation (Tokyo) has lowered its full-year revenue outlook for the fiscal year ending March 31, 2009 from JPY 124,500 million to JPY 122,000 million, according to a Reuters bulletin. Operating profit has been revised from JPY 7,000 million to JPY 5,000 million, while net profit has been scaled back from JPY 4,700 million to JPY 2,200 million. The poor economy and appreciation of the yen were cited by the company as contributing factors.