Key Developments: Sala Corp (2734.T)
519JPY
24 May 2013
¥1 (+0.19%)
¥526
¥519
¥525
¥518
36,700
16,111
¥582
¥432
Latest Key Developments (Source: Significant Developments)
SALA CORP Amends Consolidated Full-year Outlook for FY 2012
SALA CORP announced that it has lowered its consolidated full-year outlook for revenue from JPY 140,000 million to JPY 137,351 million and operating profit from JPY 1,800 million to JPY 1,681 million, but raised the outlook for ordinary profit from JPY 1,800 million to JPY 1,989 million, net profit from JPY 650 million to JPY 983 million and earning per share from JPY 16.91 to JPY 25.58, for the fiscal year ended November 30, 2012. The Company lowered the revenue outlook due to the less-than-expected sales, and raised the ordinary profit outlook due to the increased investment profit, and raised the net profit outlook due to the decreased corporate tax cost. Full Article
Sala Corporation Affirms Mid-year Dividend Forecast; Raises Year-end Dividend Forecast for FY 2012
Sala Corporation announced that it has affirmed the mid-year dividend forecast of JPY 5 per share, and raised the year-end dividend forecast from JPY 5 per share to JPY 6 per share (including a common dividend of JPY 5 per share and a commemorative dividend of JPY 1 per share) for the fiscal year ending November 2012. Full Article
Sala Corporation Announces Business Restructuring of Subsidiaries
Sala Corporation announced that its subsidiary, GASTEC SERVICE, INC., has decided on the integration of Kanto office businesses with a sub-subsidiary, Good Life Sala Kanto Corporation, which is engaged in the sale and equipment installation of petroleum products and gas implement in Kanagawa prefecture, Japan, effective April 1, 2012. The Company also decided on the merger of its wholly owned Chubu Engineering Corporation, which is engaged in the general engineering of construction and equipment in Aichi prefecture, Japan, and a 95%-owned sub-subsidiary, which is engaged in the equipment installation of air conditioning, water supply and drainage, as well as water service businesses in Aichi prefecture, Japan. After the transaction, Chubu Engineering will be the surviving company and the sub-subsidiary will be dissolved, effective April 1, 2012. The Company also announced that its subsidiary, CHUBU ENGINEERING SERVICE CO., LTD. will fully acquire another sub-subsidiary, Chubu Sanyo System, Inc. After that, the Company decided on the merger of the two sub-subsidiaries, and CHUBU ENGINEERING SERVICE will be the surviving company and Chubu Sanyo System will be dissolved, effective April 1, 2012. Full Article
Sala Corporation Announces Merger of Sub-subsidiary and Subsidiary
Sala Corporation announced that its sub-subsidiary will merge with its wholly owned subsidiary effective September 1, 2011. For the transaction, one share of the wholly owned subsidiary's common stock will be exchanged for 3.3 shares of the sub-subsidiary's common stock. As a result, the sub-subsidiary will be the surviving company and the wholly owned subsidiary will be dissolved. Full Article
Sala Corporation's Subsidiary to Fully Acquire Japan-based Company
Sala Corporation announced that its subsidiary has decided to acquire 3,150 shares (100% stake) of a Japan-based company, which is engaged in general construction business, from Suzukigumi, effective July 1, 2011. Full Article
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