Key Developments: Japan Vilene Co Ltd (3514.T)
481JPY
24 May 2013
¥1 (+0.21%)
¥539
¥496
¥498
¥465
517,000
827,410
¥642
¥321
Latest Key Developments (Source: Significant Developments)
JAPAN VILENE CO LTD to Fully Acquire OSHITARI LABORATORY, INC.
JAPAN VILENE CO LTD announced that it intends to fully acquire OSHITARI LABORATORY, INC. for JPY 358 million in August or September 2013. Full Article
JAPAN VILENE CO LTD to Establish New Subsidiary
JAPAN VILENE CO LTD announced that it will establish a Thailand-based wholly owned subsidiary called VIAM (Thailand) Co., Ltd., which will be engaged in the manufacturing and sale of automobile floor mat, in May 2013. Full Article
JAPAN VILENE CO LTD Lowers Consolidated Full-year Outlook for FY 2013
JAPAN VILENE CO LTD announced that it has lowered its consolidated full-year outlook for revenue from JPY 49,300 million to JPY 47,900 million, operating profit from JPY 2,070 million to JPY 890 million, ordinary profit from JPY 2,720 million to JPY 1,750 million, net profit from JPY 1,115 million to JPY 840 million and earning per share from JPY 22.37 to JPY 16.86, for the fiscal year ending March 2013. This is due to the impact of the fierce business conditions, among others. Full Article
JAPAN VILENE CO LTD Announces Settlement of Lawsuit
JAPAN VILENE CO LTD announced the settlement of a lawsuit, which ITOCHU PLASTICS INC. and three other companies filed against the Company for compensation of JPY 704,708,383 related to illegal trading on September 30, 2008. The Company will pay JPY 220 million to ITOCHU PLASTICS INC. and another company in settlement of the lawsuit. Full Article
JAPAN VILENE CO LTD Expects Q3 Extraordinary Loss and Amends Consolidated Full-year Outlook for FY Ending March 2013
JAPAN VILENE CO LTD announced that it expects to record JPY 613 million impairment loss as extraordinary loss for third quarter of the fiscal year ending March 31, 2013. Therefore, the Company reaffirmed its consolidated full-year outlook for revenue of JPY 49,300 million, operating profit of JPY 2,070 million, ordinary profit of JPY 2,720 million, but lowered its consolidated full-year outlook for net profit from JPY 1,800 million to JPY 1,115 million and earning per share from JPY 36.12 to JPY 22.37 for the fiscal year ending March 31, 2013. Full Article
JAPAN VILENE CO LTD Announces Midterm Dividend Payment for FY Ending March 2013
JAPAN VILENE CO LTD announced that it will issue its midterm dividend of JPY 7.00 per share, or JPY 348 million in total, effective December 7, 2012, in line with a forecast of JPY 7.00 per share announced on May 11, 2012, from retained earnings to shareholders as of September 30, 2012. Full Article
Japan Vilene Company Ltd. to Establish New Wholly Owned Subsidiary
Japan Vilene Company Ltd. announced that it will establish a new wholly owned subsidiary, VIAM Mexico S.A. de C.V., which will be engaged in the manufacturing and sale of floor mat for automobile in Mexico, in May 2012. VIAM Mexico S.A. de C.V. will be capitalized at USD 5 million. Full Article
Japan Vilene Company Ltd. Lowers Consolidated Full-year Outlook for FY Ending March 2012
Japan Vilene Company Ltd. announced that it has lowered its consolidated full-year outlook for revenue from JPY 45,000 million to JPY 43,800 million, operating profit from JPY 1,500 million to JPY 900 million, ordinary profit from JPY 2,600 million to JPY 2,000 million, net profit from JPY 1,800 million to JPY 1,200 million and earning per share from JPY 36.12 to JPY 24.08 for the fiscal year ending March 31, 2012. This is due to the decreased sale of industrial material businesses, as well as the influence of the financial crisis and high Japanese yen. Full Article
Japan Vilene Company Ltd.'s Subsidiary to Purchase Additional Stake in Sub-subsidiaries
Japan Vilene Company Ltd. announced that its wholly owned subsidiary, VIAM Holding, Inc., will purchase a 49.8% stake of a 49.8%-owned sub-subsidiary, Freudenberg Vitech Limited Partnership, at the price of USD 1,424,000, effective December 31, 2011. As a result, VIAM Holding will hold a 99.6% stake in Freudenberg Vitech Limited Partnership, up from 49.8%. VIAM Holding will also purchase 500 shares of another 50%-owned sub-subsidiary, Freudenberg Vitech Inc., at the price of USD 25,000 effective December 31, 2011. As a result, VIAM Holding will hold a 100% stake (1,000 shares) in Freudenberg Vitech, up from 50% (500 shares). Full Article
Japan Vilene Company Ltd. Announces Midterm Dividend Payment for FY Ending March 2012
Japan Vilene Company Ltd. announced that it will issue the midterm dividend of JPY 7.00 per share, or JPY 348 million in total, effective December 8, 2011, in line with a forecast of JPY 7.00 per share announced on May 13, 2011, from retained earnings to shareholders as of September 30, 2011. Full Article
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