Key Developments: Moriya Corp (1798.OS)
171JPY
19 Jun 2013
¥2 (+1.18%)
¥169
¥171
¥171
¥171
1,000
4,967
¥278
¥146
Latest Key Developments (Source: Significant Developments)
MORIYA CORP Announces Result of Internal Investigation
MORIYA CORP announced that through an internal investigation on its improper accounting disposal, it is found that it has missed to record the construction cost of a Nagoya construction project. The Company will file amendment to its previous 58th financial report, and the quarter one, two and three reports for its 59th fiscal year, as well as Tanshin of fiscal year ended March 2012 and Tanshin for quarter one, two and three for fiscal year ended March 2013. Full Article
MORIYA CORP Lowers Consolidated Full-year Outlook and Year-end Dividend Forecast for FY 2013
MORIYA CORP announced that it has lowered its consolidated full-year outlook for revenue from JPY 28,800 million to JPY 27,980 million, operating profit from JPY 350 million to a loss of JPY 560 million, ordinary profit from JPY 400 million to a loss of JPY 470 million, net profit from JPY 200 million to a loss of JPY 1,550 million and earning per share from JPY 18.26 to a loss of JPY 141.50, for the fiscal year ended March 2013. The Company lowered the outlook due to the decreased sales, the higher labor cost and materials cost, the record of extraordinary loss and the reversal of deferred tax assets, among others. In addition, the Company has lowered its year-end dividend forecast from JPY 5 per share to JPY 4 per share, for the fiscal year ended March 2013. Full Article
MORIYA CORP Files for Lawsuit Against Medical Corporation Shiyou
MORIYA CORP announced that it has filed for a lawsuit against Medical Corporation Shiyou, with the Nagoya District Court, on March 28, 2013. The Company and Medical Corporation Shiyou signed a construction contract on May 28, 2011. The Company has completed the construction on March 1, 2012 as agreed. The Company claims contract amount of JPY 124,148,881 which has not been received from Medical Corporation Shiyou. Full Article
MORIYA CORP Announces Possibility of Improper Accounting Process
MORIYA CORP announced that it has found that there is a possibility that improper accounting process is used in its Nagoya Office. The Company has formed internal investigation committee to look into the issue. Full Article
MORIYA CORP Amends Consolidated Full-year Outlook for FY 2013
MORIYA CORP announced that it has affirmed its consolidated full-year outlook for revenue of JPY 28,800 million, net profit of JPY 200 million and earning per share of JPY 18.26, but lowered the outlook for operating profit from JPY 500 million to JPY 350 million and ordinary profit from JPY 500 million to JPY 400 million, for the fiscal year ending March 2013. The Company lowered the outlook due to the price competition and the increased labor cost. Full Article
MORIYA CORP Lowers Mid-year Consolidated Outlook for FY 2013
MORIYA CORP announced that it has lowered its mid-year consolidated outlook for revenue from JPY 13,000 million to JPY 10,500 million, operating profit (loss) from JPY 50 million to JPY (210 million), ordinary profit (loss) from JPY 60 million to JPY (170 million), net profit (loss) from JPY 30 million to JPY (150 million), and earnings (loss) per share from JPY 2.74 to JPY (13.69), for the fiscal year ending March 2013. The Company lowered its mid-year consolidated outlook mainly due to the weak performance of construction works. Full Article
MORIYA CORPORATION Amends Full-year Consolidated Outlook for FY Ending March 31, 2012
MORIYA CORPORATION announced that it has confirmed its full-year consolidated outlook for revenue of JPY 31,000 million, operating profit of JPY 500 million, ordinary profit of JPY 500 million, but lowered its consolidated outlook for net profit from JPY 200 million to JPY 120 million and earning per share from JPY 18.26 to JPY 10.95 for the fiscal year ending March 31, 2012. The Company lowered its full-year outlook for net profit mainly due to the reversal of deferred tax assets along with the promulgated law of corporate tax cuts. Full Article
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