Key Developments: Denki Kagaku Kogyo KK (4061.T)
395JPY
21 May 2013
¥9 (+2.33%)
¥386
¥387
¥404
¥383
5,927,000
4,272,672
¥409
¥223
Latest Key Developments (Source: Significant Developments)
R&I Affirms DENKI KAGAKU KOGYO KABUSHIKI KAISHA's Rating at "A-"; Rating Outlook Stable
Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on DENKI KAGAKU KOGYO KABUSHIKI KAISHA at "A-". The rating outlook is stable. Full Article
DENKI KAGAKU KOGYO KABUSHIKI KAISHA to Retire Treasury Stock
DENKI KAGAKU KOGYO KABUSHIKI KAISHA announced that it has decided to retire 23,934,808 shares of its common stock for treasury, which is approximately 4.73% of total shares outstanding, effective June 13, 2012. After this, the Company's total shares outstanding will become 481,883,837 shares. Full Article
DENKI KAGAKU KOGYO KABUSHIKI KAISHA Lowers FY 2012 Outlook
DENKI KAGAKU KOGYO KABUSHIKI KAISHA announced that it has lowered its consolidated full-year outlook for revenue from JPY 387,000 million to JPY 364,000 million, operating profit from JPY 26,000 million to JPY 20,000 million, ordinary profit from JPY 24,000 million to JPY 17,500 million, net profit from JPY 15,000 million to JPY 10,500 million and earning per share from JPY 30.56 to JPY 21.43 for the fiscal year ending March 31, 2012. This is due to the decreased sale of electric materials and organic raw materials. According to I/B/E/S Estimates, analysts on average are expecting the Company to report full-year revenue of JPY 383.56 billion and net profit of JPY 14.56 billion. Full Article
DENKI KAGAKU KOGYO KABUSHIKI KAISHA to Fully Acquire Japan-based Company
DENKI KAGAKU KOGYO KABUSHIKI KAISHA announced that it will fully acquire a Japan-based company, which is mainly engaged in the manufacturing and sale of styrene monomer in Tokyo, Japan, and was joint established with Sumitomo Chemical Company, Limited. in January 1992. The Company and Sumitomo Chemical holds 60% and 40% stakes in the Japan-based company, respectively, and the Company will purchase the additional 40% stake from Sumitomo Chemical, on April 28, 2012. Full Article
DENKI KAGAKU KOGYO KABUSHIKI KAISHA Announces Merger of Subsidiaries
DENKI KAGAKU KOGYO KABUSHIKI KAISHA announced that it has decided on the merger of its two subsidiaries, Hissan Trading Co., Ltd. and ROKKO SHOJI KABUSHIKI KAISHA. After the transaction, Hissan Trading, which is engaged in the sale of pulp and paper, organic and inorganic industrial goods, as well as synthetic resins in Tokyo, Japan, will be the surviving company, and ROKKO SHOJI KABUSHIKI KAISHA, which is engaged in the sale of synthetic resins in Tokyo, Japan, will be dissolved, effective October 1, 2012. Full Article
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