Key Developments: Hokuetsu Kishu Paper Co Ltd (3865.T)

3865.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Hokuetsu Kishu Paper raises consolidated full-year outlook for FY 2015
Thursday, 28 May 2015 07:15am EDT 

Hokuetsu Kishu Paper Co Ltd:Says the company raised the consolidated full-year outlook for the FY ended March 2015.Revenue forecast increased to 228,000 million yen from 226,000 million yen.Operating profit forecast increased to 6,100 million yen from 5,500 million yen.Ordinary profit forecast increased to 11,400 million yen from 8,500 million yen.Net profit forecast increased to 8,300 million yen from 6,000 million yen.Earnings per share forecast increased to 44.08 yen from 31.86 yen.FY 2015 revenues of 229.57 billion yen, net income of 6.37 billion yen – Thomson Reuters I/B/E/S.Comments that increased sales, cost down and increased investment profit are the main reasons for the forecast.  Full Article

Hokuetsu Kishu Paper announces results of fraudulent act of former employee of subsidiary
Thursday, 28 May 2015 07:15am EDT 

Hokuetsu Kishu Paper Co Ltd:Former employee of a wholly owned subsidiary placed fictitious acts, caused embezzling amount about 2,476 mln yen in total.The employee of the subsidiary has been fired.  Full Article

Mitsubishi Paper Mills cancels merger between subsidiaries with Hokuetsu Kishu Paper
Wednesday, 1 Apr 2015 02:00am EDT 

Hokuetsu Kishu Paper Co Ltd and Mitsubishi Paper Mills Ltd:Say Mitsubishi Paper Mills cancels merger plan with Hokuetsu Kishu Paper between the companies' subsidiaries Hokuetsu Kishu Sales Co., Ltd and Mitsubishi Paper Sales Co., Ltd.Previous plan disclosed on Aug. 25, 2014 says to merge the two subsidiaries on April 1.  Full Article

Hokuetsu Kishu Paper to acquire stake in Alpac Forest Products and Alpac Pulp Sales
Friday, 27 Mar 2015 02:00am EDT 

Hokuetsu Kishu Paper Co Ltd:Mitsubishi to transfer 13,300,000 shares (70 pct stake) held in its consolidated subsidiary Alpac Forest Products Inc. and its 1,750,001 shares (100 pct stake) held in Alpac Pulp Sales Inc. to Hokuetsu Kishu Paper Co., Ltd, in late June.Transaction price of C$51.8 mln.To acquire 30 pct stake in Alpac Forest Products Inc. from Oji Holdings, in middle June for C$23.1 mln.  Full Article

R&I affirms Hokuetsu Kishu Paper's rating at "A-" and stable outlook
Thursday, 5 Mar 2015 01:00am EST 

Hokuetsu Kishu Paper Co Ltd:Rating and Investment Information, Inc. (R&I) affirms the company's issuer rating at "A-".Rating outlook stable.  Full Article

Mitsubishi announces Notice Regarding Transfer of Shares in Consolidated Subsidiaries to Hokuetsu Kishu Paper
Thursday, 19 Feb 2015 10:00pm EST 

Mitsubishi Corp and Hokuetsu Kishu Paper:Mitsubishi Corporation announces that its 13,300,000 shares (70 pct of all outstanding stock) held in its consolidated subsidiary Alpac Forest Products Inc. and its 1,750,001 shares (100 pct of all outstanding stock) held in Alpac Pulp Sales Inc. will be transferred to Hokuetsu Kishu Paper Co., Ltd.Says Mitsubishi Corp to hold no shares of Alpac Forest Products and Alpac Pulp Sales after transaction.Transaction amount and effective date to be decided and disclosed later.  Full Article

Hokuetsu Kishu Paper subsidiary to merge with BF
Thursday, 29 Jan 2015 02:00am EST 

Hokuetsu Kishu Paper Co Ltd:Subsidiary HOKUETSU-PACKAGE CO., LTD. to merge with BF Co., Ltd. and BF Co., Ltd. will dissolve after merger on April 1.  Full Article

Hokuetsu Kishu Paper Co Ltd lowers consolidated full-year outlook for FY 2015
Friday, 14 Nov 2014 01:00am EST 

Hokuetsu Kishu Paper Co Ltd:Says the company lowered the consolidated full-year outlook for the FY ending March 2015.Revenue forecast decreased to 226,000 million yen from 237,000 million yen.Operating profit forecast decreased to 5,500 million yen from 7,500 million yen.Ordinary profit forecast decreased to 8,500 million yen from 10,500 million yen.Net profit forecast decreased to 6,000 million yen from 6,500 million yen.Earnings per share decreased to 31.86 yen from 34.53 yen.FY 2015 revenues of 230.74 billion yen, net income of 5.74 billion yen – Thomson Reuters I/B/E/S.Comments that increased consumption tax rate and increased raw material and fuel prices due to depreciation of Japanese yen are the main reasons for the forecast.  Full Article

Hokuetsu Kishu Paper Co Ltd subsidiary to merge with subsidiary of Mitsubishi Paper Mills Ltd
Monday, 25 Aug 2014 03:00am EDT 

Hokuetsu Kishu Paper Co Ltd:Subsidiary Hokuetsu Kishu Sales Co., Ltd to merge with Mitsubishi Paper Sales Co.,Ltd. on April 1, 2015 and Hokuetsu Kishu Sales Co., Ltd will dissolve after merger.Mitsubishi Paper Sales Co.,Ltd. is a subsidiary of Mitsubishi Paper Mills Ltd.No further details disclosed.  Full Article

R&I affirms Hokuetsu Kishu Paper Co Ltd’s rating at "A-" and rating outlook stable
Friday, 21 Feb 2014 01:00am EST 

Hokuetsu Kishu Paper Co Ltd:Rating and Investment Information, Inc. (R&I) has affirmed the rating on the company at "A-".The rating outlook is stable.  Full Article

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