Key Developments: Kandenko Co Ltd (1942.T)
436JPY
8:37pm EDT
¥2 (+0.46%)
¥466
¥439
¥443
¥433
135,000
481,317
¥480
¥313
Latest Key Developments (Source: Significant Developments)
Japan Wind Development Co Ltd to Sell Shares of Subsidiaries to KANDENKO CO LTD and Subsidiary of OSAKA GAS CO LTD
Japan Wind Development Co Ltd announced that it will sell 7,200 shares (a 90.0% stake) of a Chiba-based wholly owned subsidiary to KANDENKO CO LTD, at the price of approximately JPY 1,800 million on October 31, 2012. The Company will also sell 47,000 shares (a 100.0% stake) of a Saga-based subsidiary and 8,800 shares (a 99.8% stake) in a Yamaguchi-based 99.8%-owned subsidiary, to a wholly owned subsidiary of OSAKA GAS CO LTD at the price of approximately JPY 2,700 million and JPY 300 million respectively, by December 28, 2012. Full Article
Kandenko Co., Ltd. Amends FY 2012 Outlook; Reaffirms Midterm and Year-end Dividend Outlook for FY 2012
Kandenko Co., Ltd. announced that it has raised its consolidated full-year outlook for revenue from JPY 426,000 million to JPY 442,000 million, operating profit from JPY 3,000 million to JPY 5,800 million, ordinary profit from JPY 3,800 million to JPY 6,800 million, but lowered its consolidated full-year outlook for net profit from JPY 1,600 million to JPY 1,100 million and earning per share from JPY 7.83 to JPY 5.38 for the fiscal year ending March 31, 2012. This is due to the increased renovation businesses, the decreased costs, as well as the recording of deferred tax assets. According to I/B/E/S Estimates, analysts on average are expecting the Company to report full-year revenue of JPY 423.84 billion and net profit of JPY 3.14 billion. The Company also reaffirmed its midterm and year-end dividend outlook of JPY 6 per share, for the same fiscal year, respectively. Full Article
Kandenko Co., Ltd. Issues FY 2012 Outlook Below Analysts' Estimate; Amends Midterm and Year-end Dividend Outlook for FY Ending March 2012
Kandenko Co., Ltd. announced that it has issued its consolidated mid-year outlook for revenue of JPY 211,000 million, operating profit of JPY 0 million, ordinary profit of JPY 500 million, net profit of JPY 200 million and earning per share of JPY 0.98 for the first half of the fiscal year ending March 2012. The Company also issued its consolidated full-year outlook for revenue of JPY 426,000 million, operating profit of JPY 3,000 million, ordinary profit of JPY 3,800 million, net profit of JPY 1,600 million and earning per share of JPY 7.83 for the fiscal year ending March 2012. According to Reuters Estimates, analysts on average are expecting the Company to report full-year revenue of JPY 469,000 million and net profit of JPY 6,325 million. The Company also reaffirmed its midterm dividend outlook of JPY 6.00 per share, and amended its year-end dividend outlook from an undetermined value, to JPY 6.00 per share, for the same fiscal year. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
