(Filed Under Financial and General Interest News). Wacoal Holdings Corp., the parent company of Wacoal America, has lowered its consolidated mid-year outlook for the year ending in March 2010 due to the global business recession, according to Thomas Reuters. The company lowered its revenue outlook from 86,000 million Japanese yen to 81,600 million yen, equivalent to approximately $958,591 million and $909.669 million, respectively, at the current exchange rate. For operating profit, the company lowered its outlook from 4,700 million yens to 3,900 million (approximately $52.4527 million and $43.5441 million, respectively).

However, the company did raise the outlook for net profit from 1,900 million to 2,100 million, and earnings per share from 13.53 yens to 14.90 yen; approximately $21.2000 million and $23.4164 million, and 16 cents and 17 cents per diluted share, respectively.

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Published 10-13-2009 by Amanda Torres Price