Key Developments: Toa Road Corp (1882.T)
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Latest Key Developments (Source: Significant Developments)
TOA ROAD CORP Raises Consolidated Full-year Outlook and Year-end Dividend Forecast for FY 2013
TOA ROAD CORP announced that it has raised its consolidated full-year outlook for revenue from JPY 105,000 million to JPY 105,900 million, operating profit from JPY 3,300 million to JPY 4,400 million, ordinary profit from JPY 3,100 million to JPY 4,250 million, net profit from JPY 2,000 million to JPY 2,700 million and earning per share from JPY 40.55 to JPY 53.26 for the fiscal year ended March 31, 2013. The positive outlook is mainly due to reduction of costs and improvement of profitability. The Company also announced that it has raised the year-end dividend forecast from JPY 5 per share disclosed on May 14, 2012, to JPY 7 per share, for the fiscal year ended March 31, 2013. Full Article
TOA ROAD CORP Appoints President
TOA ROAD CORP announced that it has appointed Kenichi Yoshihara as President and Representative Director of the Company, effective June 27, 2013. Full Article
TOA ROAD CORP Raises Consolidated Full-year Outlook for FY 2013
TOA ROAD CORP announced that it has raised its consolidated full-year outlook for revenue from JPY 103,500 million to JPY 105,000 million, operating profit from JPY 2,600 million to JPY 3,300 million, ordinary profit from JPY 2,300 million to JPY 3,100 million, net profit from JPY 1,300 million to JPY 2,000 million and earning per share from JPY 26.38 to JPY 40.55, for the fiscal year ending March 2013. This is due to the advanced progress of some projects and the cost reduction. Full Article
TOA ROAD CORP to Dissolve Subsidiary
TOA ROAD CORP announced that it has decided to dissolve a Niigata-based wholly owned subsidiary, which has been engaged in gravel extraction and crushed-stone processing, on December 27, 2012. The liquidation process will be finished in March 2013. Full Article
TOA ROAD CORP Raises Mid-year Consolidated Outlook for FY 2013
TOA ROAD CORP announced that it has raised its mid-year consolidated outlook for revenue from JPY 36,000 million to JPY 38,000 million, operating profit (loss) from JPY (930 million) to JPY 70 million, ordinary profit (loss) from JPY (1,100 million) to JPY 20 million, net profit (loss) from JPY (800 million) to JPY (95 million), and earnings (loss) per share from JPY (16.24) to JPY (1.93), for the fiscal year ending March 2013. The Company raised its mid-year consolidated outlook mainly due to the smooth progress of construction works and cost reduction. Full Article
TOA ROAD CORPORATION Expects Extraordinary Loss and Raises Consolidated Full-year Outlook for FY Ending March 2012
TOA ROAD CORPORATION announced that it expects to record JPY 220 million impairment loss as extraordinary loss for the fiscal year ending March 2012. The Company raised its consolidated full-year outlook for revenue from JPY 95,000 million to JPY 104,000 million, operating profit from JPY 2,250 million to JPY 2,500 million, ordinary profit from JPY 1,650 million to JPY 2,100 million, net profit from JPY 850 million to JPY 1,850 million and earning per share from JPY 17.51 to JPY 37.54 for the fiscal year ending March 31, 2012. This is due to the increased sale of hand holding works, as well as the decreased costs and expenses. Full Article
TOA ROAD CORPORATION Raises Mid-year Consolidated Outlook for FY Ending March 2012
TOA ROAD CORPORATION announced that it has raised its mid-year consolidated outlook for revenue from JPY 33,000 million to JPY 37,400 million, operating profit (loss) from JPY (1,000 million) to JPY (600 million), ordinary profit (loss) from JPY (1,200 million) to JPY (770 million), net profit (loss) from JPY (900 million) to JPY (550 million) and earning (loss) per share from JPY (18.54) to JPY (11.33) for the fiscal year ending March 2012. The Company raised its mid-year outlook mainly due to decreased cost and progress of construction work. Full Article
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