Key Developments: CS Loginet Inc (2710.T)

2710.T on Tokyo Stock Exchange

295JPY
16 Sep 2014
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Latest Key Developments (Source: Significant Developments)

CS LOGINET INC establishes joint venture with Dongbu Lightec Co.,Ltd. and TECHTUT HLDGS.CO,LTD.
Monday, 1 Sep 2014 03:00am EDT 

CS LOGINET INC:Established a Tokyo-based joint venture with Dongbu Lightec Co.,Ltd. and TECHTUT HLDGS.CO,LTD. on Sep. 1.The joint venture named C&D Lightec and engaged in manufacture and sale of LED.Investment ratio of the joint venture is CS LOGINET INC at 25 pct , Dongbu Lightec Co.,Ltd. at 50 pct and TECHTUT HLDGS.CO,LTD. at 25 pct.  Full Article

CS LOGINET INC signs basic agreement of establish joint venture with TECHTUIT co., ltd and DONGBU LIGHTEC CO., LTD.
Friday, 18 Jul 2014 04:00am EDT 

CS LOGINET INC:Signs basic agreement of establish joint venture based in Tokyo on Aug. 20, with TECHTUIT co., ltd and DONGBU LIGHTEC CO., LTD.The joint venture will be engaged in LED related business.Says DONGBU LIGHTEC CO., LTD., CS LOGINET INC and TECHTUIT co., ltd will hold a 50 pct stake, a 25 pct stake and a 25 pct stake in the joint venture respectively.  Full Article

CS LOGINET to change president
Wednesday, 14 May 2014 03:00am EDT 

CS LOGINET INC:To change president to Toshiaki Takagi to replace Masamitsu Kanaoka.Effective June 26.  Full Article

CS LOGINET raises consolidated full-year outlook for FY 2014
Thursday, 8 May 2014 03:00am EDT 

CS LOGINET INC:Says the company increased the consolidated full-year outlook for revenue to 13,786 million yen from 13,600 million yen for the fiscal year ended March 2014.Sees an increased operating profit forecast to a loss of 53 million yen from a loss of 105 million yen.Sees an increased ordinary profit forecast to 0 yen from a loss of 60 million yen.Sees a decrease of net profit forecast to a loss of 46 million yen from a loss of 40 million yen.Sees a decrease of earnings per share to a loss of 9.85 yen from a loss of 8.44 yen.Comments the increase of sales of high profit products as the main reason for the forecast.  Full Article

CS LOGINET announces result of tender offer by TECHTUIT
Saturday, 26 Apr 2014 12:00am EDT 

CS LOGINET INC:Says TECHTUIT CO., LTD. has acquired 2,417,000 shares in the company through tender offered from March 31 to April 25.Transaction price at 350 yen per share.TECHTUIT to hold 2,417 voting rights (51.02 pct voting power) up from 0 voting right and become top shareholder, and an individual to hold 555 voting rights (11.72 pct voting power) down from 1,693 voting rights (35.74 pct), effective May 2.  Full Article

TECHTUIT proposes tender offer for shares of CS LOGINET
Friday, 28 Mar 2014 03:00am EDT 

CS LOGINET INC:TECHTUIT proposed a tender offer for 2,417,000 shares of CS LOGINET (a 51.01 pct stake).Total consideration 845,950,000 yen based on price of 350 yen per share.CS LOGINET remains listing on stock exchange.Offering period March 31 to April 25.Settlment date May 2.  Full Article

CS LOGINET INC lowers full-year consolidated outlook for FY 2014
Thursday, 6 Feb 2014 02:00am EST 

CS LOGINET INC:Sees lowered full-year consolidated outlook for fiscal year ending Mar. 31, 2014.Sees full-year revenue of 13,600 million yen lowered from 14,000 million yen.Sees full-year operating profit (loss) of (105 million) yen lowered from 10 million yen.Sees full-year ordinary profit (loss) of (60 million) yen lowered from 50 million yen.Sees full-year net profit (loss) of (40 million) yen lowered from 10 million yen.Sees full-year earnings (loss) per share of (8.44) yen lowered from 2.11 yen.Says outlook lowered due to decrease in sales from compact disc (CD), digital versatile disc (DVD) and game market and decrease in revenue from rental stores.  Full Article

CS LOGINET INC Lowers Consolidated Mid-year and Full-year Guidance for FY 2014
Wednesday, 6 Nov 2013 11:00pm EST 

CS LOGINET INC announced that the Company has lowered the consolidated mid-year guidance for revenue from JPY 7,200 million to JPY 6,682 million, operating profit (loss) from JPY 10 million to JPY (48 million), ordinary profit (loss) from JPY 20 million to JPY (19 million), net profit (loss) from JPY 0 million to JPY (30 million) and earning (loss) per share from an undetermined value to JPY (6.48) for the fiscal year ending March 31, 2014. The Company has also lowered the consolidated full-year guidance for revenue from JPY 14,500 million to JPY 14,000 million, operating profit from JPY 70 million to JPY 10 million, ordinary profit from JPY 90 million to JPY 50 million, net profit from JPY 30 million to JPY 10 million and earning per share from JPY 6.33 to JPY 2.11 for the fiscal year ending March 31, 2014. The Company lowered the consolidated mid-year and full-year forecasts due to poor sales performance.  Full Article

CS LOGINET INC Expects Extraordinary Profit for FY 2013; Lowers Consolidated Full-year Outlook for FY 2013
Wednesday, 8 May 2013 12:00am EDT 

CS LOGINET INC announced that it is expecting an extraordinary profit of JPY 56 million, as reversal of insurance fund, for the fiscal year ended March 31, 2013. The Company also announced that it has lowered its consolidated full-year outlook for revenue from JPY 17,500 million to JPY 16,709 million, operating profit (loss) from JPY (50 million) to JPY (130 million), ordinary profit (loss) from JPY (40 million) to JPY (50 million), net profit (loss) from JPY (50 million) to JPY (75 million) and earning (loss) per share from JPY (10.55) to JPY (15.97) for the fiscal year ended March 31, 2013. The negative outlook is mainly due to decrease of sales of rental video software  Full Article

CS LOGINET INC to Merge with Subsidiary
Thursday, 14 Feb 2013 11:00pm EST 

CS LOGINET INC announced that it has decided to merge with a wholly owned subsidiary Have A Good Co., Ltd., which has been engaged in the wholesale of music and video software in Tokyo, Japan, effective April 1, 2013. As a result, the Company will be the surviving company and the subsidiary will be dissolved.  Full Article

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