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Morinaga & Co Ltd (2201.T)

2201.T on Tokyo Stock Exchange

6,530JPY
29 May 2017
Change (% chg)

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¥6,530
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Avg. Vol
449,047
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¥6,550
52-wk Low
¥2,780

Latest Key Developments (Source: Significant Developments)

Morinaga & Co says reorganization and sale of unit
Tuesday, 25 Apr 2017 04:43am EDT 

April 25 (Reuters) - Morinaga & Co Ltd <2201.T>:* Says a Chiba-based unit(unit A) will take over a Chiba-based golf course from the company and another Chiba-based unit(unit B)of the co, on July 1.* Says the co will merge with wholly owned unit B on July 1.* Says unit B will be dissolved after the transaction.* Says it will sell 340 shares(100 percent stake)of unit A to unit of Heiwa Corp <6412.T>, on July 3, with undisclosed transaction price.  Full Article

Morinaga & Co, Morinaga Milk share trade halted
Thursday, 23 Feb 2017 06:47pm EST 

: Trade halted in shares of Morinaga & Co, Morinaga Milk - Tokyo bourse . Shares halted after merger report [nFWN1G8120] (Reporting By Chris Gallagher) ((chris.gallagher@thomsonreuters.com;)).  Full Article

Morinaga & Co, Morinaga Milk Industry to integrate around April 2018 - Nikkei
Thursday, 23 Feb 2017 11:46am EST 

: Morinaga & Co. , Morinaga Milk Industry to integrate around April 2018 to bolster research and development operations,share sales channels abroad - Nikkei . Based on guidance for year ending March 31, sales of the combined entity would total around 785 billion yen ($6.97 billion) - Nikkei . Morinaga & Co , Morinaga Milk Industry are expected to move under a new holding company - Nikkei .Morinaga Milk President Michio Miyahara is eyed as chairman of holding co, Toru Arai is likely to become president- Nikkei.  Full Article

Morinaga & Co's overseas sales expected to surpass 20 bln Yen next fiscal year - Nikkei
Tuesday, 20 Dec 2016 01:24pm EST 

Nikkei: Morinaga & Co.'s overseas sales are expected to surpass 20 billion yen next fiscal year, up roughly 40 percent from the fiscal 2016 forecast - Nikkei .Morinaga & Co.'s overseas sales are likely to account for about 10 percent of its total for the year ending in March 2018 - Nikkei.  Full Article

Morinaga may sweeten dividend, weighs 30% payout ratio - Nikkei
Friday, 20 May 2016 01:53pm EDT 

Nikkei: Morinaga considering tying dividends to earnings starting in fiscal 2017 - Nikkei . Morinaga & Co Ltd's overseas business is expected to break even in fiscal 2016 - Nikkei . Morinaga's overseas business segment is expected to break even in fiscal 2016 amid higher sales of chewy candy and other products - Nikkei .Morinaga may sweeten dividend, weighs 30% payout ratio - Nikkei.  Full Article

Morinaga & Co Ltd revises consolidated full-year outlook for FY 2016
Wednesday, 4 Nov 2015 01:00am EST 

Morinaga & Co Ltd:Says the company remained the consolidated full-year outlook for revenue at 180,000 million yen for FY ending March 2016.Operating profit forecast increased to 9,000 million yen from 6,200 million yen.Ordinary profit forecast increased to 9,500 million yen from 6,600 million yen.Net profit forecast increased to 6,200 million yen from 4,500 million yen.Earnings per share increased to 23.82 yen from 17.29 yen.Comments the sales increase and costs reduction are the main reasons for the forecast.  Full Article

More From Around the Web

BRIEF-Morinaga & Co says reorganization and sale of unit

* Says a Chiba-based unit(unit A) will take over a Chiba-based golf course from the company and another Chiba-based unit(unit B)of the co, on July 1