Key Developments: Point Inc (2685.T)
4,735JPY
21 May 2013
¥-55 (-1.15%)
¥4,790
¥4,795
¥4,795
¥4,705
43,150
147,261
¥5,090
¥2,620
Latest Key Developments (Source: Significant Developments)
POINT INC to Change to Holding Company Structure; to Fully Acquire Trinity Arts and Natural Nine Holdings through Stock Swap; to Change Company Name
POINT INC announced that it has decided to change to holding company structure. POINT has established a wholly owned subsidiary (new Point) on April 4, 2013. The Company will transfer all of its business to the subsidiary and become a holding company. The holding company will fully acquire Natural Nine Holdings through stock swap, effective June 4, 2013. One Natural Nine Holdings share can be exchanged to 13.8 shares of the holding company. The holding company will also fully acquire Trinity Arts through stock swap, effective September 1, 2013. One Trinity Arts share can be exchanged to 133.4 shares of the holding company. After the acquisition, the holding company will change name to Adastria Holdings Co., Ltd., effective September 1, 2013. Full Article
POINT INC Appoints New President
POINT INC announced that it has appointed Yoichi Endo as President and Representative Director, to replace Michio Fukuda, who will still be serving as Chairman of the Board and Representative Director, effective September 1, 2013. Full Article
POINT INC Lowers Consolidated Full-year Outlook for FY 2013
POINT INC announced that it has lowered the consolidated full-year outlook for revenue from JPY 125,000 million to JPY 119,500 million, operating profit from JPY 13,100 million to JPY 9,900 million, ordinary profit from JPY 13,200 million to JPY 10,000 million, net profit from JPY 7,500 million to JPY 5,700 million and earning per share from JPY 315.63 to JPY 246.02 for the fiscal year ending February 28, 2013. The negative profit is mainly due to less-than-expected sales. Full Article
POINT INC to Repurchase Shares
POINT INC announced that it has decided to repurchase 450,000 shares of its common stock, which is approximately 2.03% of total shares outstanding, for JPY 1,352,250,000 in total on November 22, 2012, on Tokyo Stock Exchange ToSTNeT-3. The Company will repurchase the shares at the price of JPY 3,005 per share, which is the closing price of November 21, 2012. Full Article
POINT INC Completes Share Repurchase
POINT INC announced that it has completed share repurchase disclosed on September 28, 2012. The Company has repurchased 1,000,000 shares, for JPY 2,948,834,290 in total, during the period from October 1, 2012, to November 6, 2012, for Tokyo Securities Exchange. Full Article
POINT INC to Fully Acquire trinity Co., Ltd.
POINT INC announced that it has decided to acquire 200 shares (a 100% stake) in trinity Co., Ltd., which is engaged in women’s apparel retail business in Tokyo, Japan, from three individuals on November 1, 2012. Full Article
POINT INC to Repurchase Shares
POINT INC announced that it has decided to repurchase up to 1 million shares (4.32% stake), or up to JPY 3 billion of its common stock, during the period from October 1, 2012 to November 16, 2012. Full Article
Point Inc. Completes Share Repurchase
Point Inc. announced that it has completed the share repurchase plan disclosed on April 27, 2012. The Company has repurchased 620,000 shares of its common stock, for JPY 1,796,631,960 in total, May 1, 2012 to June 15, 2012, on Tokyo Stock Exchange. Full Article
Point Inc. to Repurchase Shares
Point Inc. announced that it will repurchase up to JPY 2 billion or up to 620,000 shares of its common stock, or approximately 2.61% of its total shares outstanding, during the period from May 1, 2012 to June 22, 2012 on Tokyo Stock Exchange. Full Article
Point Inc. Announces Business Integration with TRINITY ARTS inc.
Point Inc. announced that it has formed a business integration contract with TRINITY ARTS inc., which is engaged in the retail of life general goods, clothing goods and miscellaneous goods in Tokyo, Japan, on April 4, 2012. The details are to be determined. Full Article
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