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Takagi Seiko Corp (4242.T)

4242.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

TAKAGI SEIKO announces possibility of uncollectible receivables
Friday, 4 Mar 2016 02:00am EST 

TAKAGI SEIKO CORP:Says concern of possibility of uncollectible receivables including loan of 400 mln yen and debt guarantee worth about 170 mln yen from a Toyama-based company that engaged in golf course management.This is due to civil rehabilitation procedures of the Toyama-based company.  Full Article

TAKAGI SEIKO revises consolidated mid-year and full-year outlook for FY 2016
Friday, 30 Oct 2015 02:00am EDT 

TAKAGI SEIKO CORP:Says the company lowered the consolidated mid-year outlook for revenue to 22,440 million yen from 22,460 million yen for FY ending March 2016.Operating profit forecast increased to -160 million yen from -420 million yen.Ordinary profit forecast increased to -340 million yen from -670 million yen.Net profit forecast increased to -320 million yen from 0710 million yen.Earnings per share increased to -23.77 yen from -52.74 yen.Says the company lowered the consolidated full-year outlook for revenue to 45,890 million yen from 47,280 million yen for FY ending March 2016.Operating profit forecast decreased to 470 million yen from 530 million yen.Ordinary profit forecast increased to 160 million yen from 130 million yen.Net profit forecast increased to -30 million yen from -270 million yen.Earnings per share increased to -2.23 yen from -20.05 yen.Comments the decreased income and costs reduction are the main reasons for the forecast.  Full Article

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