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Tomoegawa Co Ltd (3878.T)

3878.T on Tokyo Stock Exchange

246JPY
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¥246
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45,733
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¥343
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¥156

Latest Key Developments (Source: Significant Developments)

TOMOEGAWA amends consolidated full-year outlook for FY 2016
Friday, 22 Apr 2016 01:00am EDT 

TOMOEGAWA CO LTD:Says the company amended the consolidated full-year outlook for the FY ended March 2016.Confirmed the revenue at 34,000 million yen.Confirmed the operating profit forecast at 300 million yen.Ordinary profit forecast decreased to a loss of 50 million yen from 100 million yen.Net profit forecast decreased to a loss of 950 million yen from 200 million yen.Earnings per share forecast decreased to a loss of 18.63 yen from 3.92 yen.Comments that impairment loss and impact of exchange rate are the main reasons for the forecast.  Full Article

TOMOEGAWA completes shares of Aura Paper Industries(India)Pvt. Ltd.
Friday, 15 Apr 2016 02:00am EDT 

TOMOEGAWA CO LTD:Completed buying 2,641,790 shares of Aura Paper Industries(India)Pvt. Ltd at 191 million yen on March 30.Raising stake in Aura Paper Industries(India)Pvt. Ltd to 60 pct from 49 pct.  Full Article

TOMOEGAWA lowers consolidated full-year outlook for FY 2016
Wednesday, 10 Feb 2016 12:00am EST 

TOMOEGAWA CO LTD:Says the company lowered the consolidated full-year outlook for revenue to 34,000 mln yen from 35,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 300 mln yen from 700 mln yen.Sees a decrease of ordinary profit forecast to 100 mln yen from 700 mln yen.Sees a decrease of net profit forecast to a loss of 200 mln yen from 300 mln yen.Sees a decrease of earnings per share to a loss of 3.92 yen from 5.88 yen.  Full Article

TOMOEGAWA to acquire Aura Paper Industries(India)Pvt. Ltd.
Friday, 17 Jul 2015 01:00am EDT 

TOMOEGAWA CO LTD:To purchase 2,641,790 additional shares of Aura Paper Industries(India)Pvt. Ltd., which has been engaged in the manufacturing and sales of insulation paper in India.Purchasing price is to be determined in Aug-Sep.Effective date in Oct.After the transaction, TOMOEGAWA will hold 60 pct (7,348,980 shares) in Aura Paper Industries(India)Pvt. Ltd., up from 49 pct (4,707,190 shares).  Full Article

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