Japan's Adastria tumbles on profit, dividend forecast cut

And ST HD Co

23/03/2018 01:01

** Shares of apparel company Adastria Co Ltd  2685.T  tumble
10 pct to 2,129 yen, lowest since early February 
    ** Company slashes net profit outlook to 800 mln yen ($7.6
mln) from 4.4 bln yen for FY ended Feb 2018  urn:newsml:reuters.com:*:nXB1IA77RG
    ** Also slashes year-end dividend outlook to 15 yen/share
from 40 yen/share  urn:newsml:reuters.com:*:nXB1FOPTUL
    ** As of 0053 GMT, about 681,700 shares have been traded,
compared with their 30-day moving average of 567,120 shares a
day
    ** Among 6 analysts that cover the stock, current average
rating is "hold"; analyst mean price target is 2,325 yen
    ** Stock's 12-mth forward price-to-earnings ratio at 17.97,
compared with 13.45 at the end of last year     

($1 = 104.8600 yen)

 ((Reuters
Messaging:ayai.tomisawa.thomsonreuters.com@reuters.net))