Japan's Daishinku falls as co expects net loss

Daishinku

30/03/2018 02:18

** Crystal device manufacturer Daishinku Corp  6962.T  falls
5 pct to 1,275 yen, lowest since April 2017
    ** Co cuts earnings outlook, now expects net loss of 430 mln
yen ($4.05 mln) for FY ending March 2018, compared with
previously forecast net profit of 740 mln yen  urn:newsml:reuters.com:*:nXB1KY2DFJ
    ** As of previous close, stock had fallen 21.15 pct so far
this year 
    ** As of 01:03 GMT, about 54.20 thousand shares of the
Hyogo-ken-based company have been traded, about 134.4 pct of
their 30-day moving average of 40.32 thousand shares a day
    ** Analyst mean price target is 1,750 yen
    ** The forward price-to-earnings ratio for Daishinku for the
next 12 months is 14.02, about 5.65 pct lower than it was at the
end of last year (14.86)

($1 = 106.2800 yen)

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