Key Developments: Askul Corp (2678.T)

2678.T on Tokyo Stock Exchange

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¥30 (+1.21%)
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¥2,471
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Latest Key Developments (Source: Significant Developments)

ASKUL Corp announces changes in shareholding structure
Tuesday, 22 Jul 2014 04:00am EDT 

ASKUL Corp:Says PLUS decreased voting rights in the company to 10.81 pct (59,357 voting rights) from 18.1 pct (99,357 voting rights), effective July 22.  Full Article

ASKUL Corp announces change of fully acquire and merge with Shouri
Thursday, 10 Jul 2014 03:00am EDT 

ASKUL Corp:To acquire 100 pct stake in Shouri Co., ltd., without Shouri's transfer of liquor sales business, transaction price undisclosed.Acquisition expected effective Aug. 15.  Full Article

ASKUL Corp announces business and capital alliance with STAR FESTIVAL INC.
Friday, 4 Jul 2014 03:00am EDT 

ASKUL Corp:Formed a business and capital alliance with Tokyo-based company STAR FESTIVAL INC that engaged in internet service business, on July 4.Says two entities will cooperate on ready-to-eat service and joint delivery to reduce costs.STAR FESTIVAL INC. to issue 12,000 shares to the company and the company will acquire 5,000 shares of STAR FESTIVAL INC.'s stock from its shareholder.The company to hold 17,000 shares (14.2 voting rights) of STAR FESTIVAL INC increase from 0 share, at price of 1,581 mln yen.Says payment date July 28.  Full Article

ASKUL Corp changes effective date of acquisition and merger
Sunday, 29 Jun 2014 07:30pm EDT 

ASKUL Corp:To acquire 100 pct stake in Shouri Co., ltd. after Shouri's transfer of liquor sales business, on July 31 with transaction price undisclosed.To merge with Shouri on Aug. 1 and dissolve Shouri after the merger.Acquisition and merger plan disclosed on April 14.  Full Article

ASKUL to fully acquire and merge with Shouri
Monday, 14 Apr 2014 03:00am EDT 

ASKUL Corp:To acquire 100 pct stake in Shouri Co., ltd. after Shouri's transfer of liquor sales business, on July 1 with transaction price undisclosed.To merge with Shouri on July 2 and dissolve Shouri after the merger.  Full Article

ASKUL lowers full-year consolidated profit outlook for FY 2014
Tuesday, 18 Mar 2014 03:00am EDT 

ASKUL Corp:Full-year consolidated outlook for revenue of 250,000 mln yen, for fiscal year ending May 20, 2014.Full-year operating profit outlook of 4,000 mln yen lowered from 6,000 mln yen.Full-year ordinary profit outlook of 4,000 mln yen lowered from 6,000 mln yen.Full-year net profit outlook of 1,800 mln yen lowered from 3,000 mln yen.Full-year earnings per share outlook of 33.29 yen lowered from 55.48 yen.Profit outlook lowered due to investment in e-commerce business.FY 2014 revenue of 251,110 mln yen, operating profit of 5,680 mln yen and net profit of 3,080 mln yen - Thomson Reuters I/B/E/S.  Full Article

Mizuho Securities Co Ltd to acquire shares of ASKUL Corp
Monday, 16 Dec 2013 02:00am EST 

ASKUL Corp:Says Mizuho Securities Co Ltd intends to acquire shares of ASKUL Corp, representing 5.72 pct of voting power through a public offering on Dec. 17.  Full Article

ASKUL Corp Announces Dissolution of Subsidiary; Announces Uncollectible Receivables
Monday, 21 Jan 2013 03:00am EST 

ASKUL Corp announced that it has decided to dissolve its Shanghai-based wholly owned subsidiary, which engages in the product sale in China market. As a result, the Company announced uncollectible receivables with an amount of JPY 1,338 million from the subsidiary.  Full Article

ASKUL Corp Acquires Properties
Wednesday, 9 Jan 2013 03:45am EST 

ASKUL Corp announced that it has decided to acquire a piece of land and a building for JPY 15,250 million, on May 21, 2013.  Full Article

ASKUL Corp to Merge with Subsidiary; Amends Consolidated Mid-year Forecast for FY 2013
Wednesday, 5 Dec 2012 02:00am EST 

ASKUL Corp announced that it has decided to merge with a wholly owned subsidiary, which is engaged in mail-order sales through Internet for individuals, effective February 21, 2013. The Company will be the surviving company and the subsidiary will be dissolved. The Company has lowered the consolidated mid-year forecast for revenue from JPY 111,000million to JPY 109,736 million, but raised the forecast for operating profit from JPY 3,200 million to JPY 3,550 million, ordinary profit from JPY 3,200 million to JPY 3,550 million, net profit from JPY 1,400 million to JPY 1,850 million and earning per share from JPY 25.89 to JPY 34.22 for the fiscal year ending May 20, 2013. The Company lowered the consolidated mid-year outlook due to cost cutting.  Full Article

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