Key Developments: Asmo Corp (2654.OS)
65JPY
2:08am EDT
¥2 (+3.17%)
¥71
¥65
¥66
¥63
200,000
715,633
¥80
¥35
Latest Key Developments (Source: Significant Developments)
Asmo Corp Announces Changes in Shareholding Structure
Asmo Corp announced that its top shareholder has sold 13,000,000 shares of its common stock to its second major shareholder, President of the Company, on May 13, 2013. As a result, the top shareholder now holds 58.48% voting rights, down from 67.76%, and President of the Company now holds 13.70% voting rights, up from 4.43%. Full Article
Asmo Corp Raises Full-year Consolidated Outlook for FY 2013
Asmo Corp announced that it has raised its full-year consolidated outlook for revenue from JPY 8,724 million to JPY 9,870 million, operating profit from JPY 744 million to JPY 810 million, ordinary profit from JPY 732 million to JPY 835 million, net profit from JPY 630 million to JPY 780 million, and earnings per share from JPY 4.50 to JPY 5.56, for the fiscal year ended March 31, 2013. The Company raised its full-year consolidated outlook mainly due to the increase in sales of pork for wholesale business, the increase in facilities for restaurant business, the launch of nursing business by subsidiary, the acquisition of shares and the foreign exchange gain, among others. Full Article
Asmo Corp Announces Changes in Start Date of New Business and Acquisition Date of Broad-minded Small Amount & Short Term Insurance Company
Asmo Corp announced that it has changed the start date of new business and acquisition date of Broad-minded Small Amount & Short Term Insurance Company from March 31, 2013 to May 31, 2013. The details were disclosed on January 23, 2013. Full Article
Asmo Corp Appoints Provisional Accounting Auditor
Asmo Corp announced that it has appointed Seiwa Audit Corporation as provisional accounting auditor, to replace Sora Audit LLC, effective February 27, 2013. Full Article
Asmo Corp to Start New Business and to Acquire Broad-minded Small Amount & Short Term Insurance Company
Asmo Corp announced that it has decided to start insurance business, effective the end of March 2013. For the conduction of the new business, the Company will acquire 16,000 shares of Broad-minded Small Amount & Short Term Insurance Company, which engages in small amount and short term insurance business, for JPY 160,000,000 in total, from Broad-mined Co.,Ltd., effective the end of March 2013. As a result, the Company will hold a 100% stake in Broad-minded Small Amount & Short Term Insurance Company. Full Article
Asmo Corp to Acquire Shares in Servant Trust Co.,Ltd. and to Start New Business
Asmo Corp announced that it has decided to acquire 4,883 shares (an 84.1% stake) in Servant Trust Co.,Ltd., at the price of JPY 51,198 per share (JPY 249,999,834 in total) from yenbridge Inc. and another Japan-based company, on December 26, 2012. After the transaction, the Company will hold 5,248 shares (a 90.4% stake) in Servant Trust up from 365 shares (a 6.2% stake), and start trust business through Servant Trust. Full Article
Asmo Corp to Separate Businesses into New Subsidiaries
Asmo Corp announced that its Board of Directors has authorized the Company to separate its wholesale business division into a separate company A, which will be engaged in the sale of beef, pork and other meat processed foodstuff in Osaka, Japan, effective April 1, 2013. The new company A will allocate 1,000 new shares to the Company, and become a wholly owned subsidiary of the Company. The Company will also separate its food service business division into another separate company B, which will be engaged in the food service and management in Tokyo, Japan, effective April 1, 2013. The new company B will allocate 1,000 new shares to the Company, and become another wholly owned subsidiary of the Company. Full Article
Asmo Corp Appoints New President
Asmo Corp announced that it has appointed Takeru Nagai as the new President of the Company, effective October 12, 2012. Full Article
SHINWA-OX CORPORATION to Establish New Wholly Owned Subsidiary
SHINWA-OX CORPORATION announced that it will establish a new wholly owned subsidiary, which will be engaged in the development of nursing business offices in Osaka, Japan, effective July 2, 2012. The new subsidiary will be capitalized at JPY 10 million, and will start businesses effective August 1, 2012. Full Article
SHINWA-OX CORPORATION Raises Consolidated Full-year Outlook for FY 2012
SHINWA-OX CORPORATION announced that it has raised its consolidated full-year outlook for revenue from JPY 7,289 million to JPY 7,750 million, operating profit from JPY 620 million to JPY 755 million, ordinary profit from JPY 593 million to JPY 730 million, net profit from JPY 549 million to JPY 910 million and earning per share from JPY 3.92 to JPY 6.49, for the fiscal year ending March 2012. The Company raised the outlook due to the increased sales as well as the record of deferred tax assets, among others. Full Article
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