Key Developments: Dynic Corp (3551.T)

3551.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

DYNIC CORP to sell property and expects extraordinary profit for FY 2015
Monday, 4 Aug 2014 01:30am EDT 

DYNIC CORP:To sell a Taiwan-based fixed asset owned by subsidiary for 935 million yen to a Taiwan-based company Taiwan Tea Corp, in late December.Expects extraordinary profit of 334 million yen for FY ending March 2015.  Full Article

DYNIC expects extraordinary loss for FY 2014
Tuesday, 13 May 2014 02:00am EDT 

DYNIC CORP:Expecting an extraordinary loss of 548,271,000 yen for FY ended March 2014.Loss recorded due to abortion of Taiwan-based subsidiary's production business, as well as depletion of fixed assets of the subsidiary.  Full Article

DYNIC CORP's subsidiary to discontinue part of business and expects extraordinary loss for FY 2014
Tuesday, 10 Dec 2013 03:00am EST 

DYNIC CORP:Says its Taiwan-based subsidiary will discontinue part of its business by Aug 31, 2014.Says it expects 500 million yen extraordinary loss on impairment and retirement payment for the fiscal year ending Mar. 2014.  Full Article

Textile Prestige PCL Announce changing in the Shareholding Ratio of Joint Investment to Set Up PT. DYNIC TPC with DYNIC CORP and Saha Pathana Inter Holding PCL
Thursday, 26 Sep 2013 06:25am EDT 

Textile Prestige PCL announced that it will enter into joint investment to set up a joint venture PT. DYNIC TPC in Indonesia in 2013. The joint venture will be engaged in manufacture and distribution of non-woven fabrics with a registered capital of approximate USD 5,000,000. The Company will hold 44% (from 49%), Saha Pathana Inter Holding PCL will hold 5% and DYNIC Corporation, Japan will hold 51% of registered capital of the joint venture. The transaction date will be within 2013.  Full Article

DYNIC CORP to Establish Indonesia-based Subsidiary
Friday, 9 Aug 2013 04:00am EDT 

DYNIC CORP announced that it will establish an Indonesia-based subsidiary, PT. DYNIC TPC, which will be engaged in the manufacturing and sale of non-woven material, in August 2013. The subsidiary will be capitalized at USD 5,000,000, in which the Company will hold a 51% stake and TEXTILE PRESTIGE PUBLIC Co.,Ltd. will hold a 49% stake.  Full Article

Textile Prestige PCL to Set up Joint Venture PT. DYNIC TPC with DYNIC CORP
Thursday, 8 Aug 2013 06:48am EDT 

Textile Prestige PCL announced that it will enter into joint investment to set up a joint venture PT. DYNIC TPC in Indonesia in 2013. The joint venture will be engaged in manufacture and distribution of non-woven fabrics with a registered capital of approximate USD 5,000,000. Textile Prestige will hold 49% and DYNIC CORP will hold 51% of registered capital of the joint venture.  Full Article

DYNIC CORP Amends Consolidated Full-year Outlook for FY 2013
Monday, 13 May 2013 04:00am EDT 

DYNIC CORP announced that it has lowered its consolidated full-year outlook for revenue from JPY 40,500 million to JPY 39,900 million, but raised the outlook for operating profit from JPY 1,250 million to JPY 1,300 million, ordinary profit from JPY 1,150 million to JPY 1,300 million, net profit from JPY 580 million to JPY 850 million and earning per share from JPY 13.68 to JPY 20.00 , for the fiscal year ended March 2013. The Company raised the profit outlook due to the cost reduction and the selling of investment securities.  Full Article

Textile Prestige PCL And DYNIC Corporation To Establish New Company
Thursday, 9 May 2013 06:22am EDT 

Textile Prestige PCL announced that the Company and DYNIC Corporation of Japan will establish TPCNIC Co., Ltd. that will be engaged in manufacturing and distribution of cabin filter. The new company will have a paid-up capital of THB 2,500,000.00. The Company will hold 50.994% of TPCNIC Co., Ltd.'s registered capital, DYNIC Corporation will hold 49.000% and individual shareholder will hold the remaining 0.006%.  Full Article

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