Japan's stationary maker Kokuyo hits 7-month low on lean net profit
24/04/2018 02:50
** Shares of Kokuyo Co Ltd 7984.T plunge as much as 13.4
pct to 1,794 yen, their lowest since mid-Sept 2017
** The stationery manufacturer posts 12 pct fall in
Jan-March net profit compared with a year ago, posting its first
fall in the quarter in three years, to 7.06 bln yen ($64.9
mln) urn:newsml:reuters.com:*:nXB01M2WEJ
** Jan-March is the most important quarter for Kokuyo due to
high demand when the Japanese school year begins in April
** Co sees 8 pct fall in annual net profit in year ending in
December, which would be first fall in at least five years
($1 = 108.79 yen)
(Reuters
Messaging:hideyuki.sano.thomsonreuters.com@reuters.net)