Key Developments: Seiryo Electric Corp (4341.OS)
986JPY
24 May 2013
¥46 (+4.89%)
¥1,020
¥911
¥986
¥911
2,000
14,167
¥1,253
¥456
Latest Key Developments (Source: Significant Developments)
Seiryo Electric Corp Announces Extraordinary Loss and Raises Consolidated Full-year Outlook for FY 2013
Seiryo Electric Corp announced that it will record a JPY 62 million extraordinary loss on the impairment of work of art, for the fiscal year ended March 2013. In addition, the Company has raised its consolidated full-year outlook for revenue from JPY 18,300 million to JPY 18,508 million, operating profit from JPY 480 million to JPY 684 million, ordinary profit from JPY 470 million to JPY 655 million, net profit from JPY 410 million to JPY 444 million and earning per share from JPY 117.20 to JPY 127.03, for the fiscal year ended March 2013. The Company raised the outlook due to the cost reduction and the increased sales, among others. Full Article
Seiryo Electric Corp to Establish Subsidiary to Acquire Business from kohnanelec.
Seiryo Electric Corp announced that it has decided to establish a Hyogo-based wholly owned subsidiary, which will be engaged in the development, design, manufacture and sale of radio communication machinery, cable communication machinery, computer and peripheral equipments, high-frequency electrical equipments, electromechanics, power control unit, distributing board and distribution board, on April 30, 2013. After that, the new subsidiary will take over all the businesses from kohnanelec., effective July 1, 2013. Full Article
Seiryo Electric Corp to Sell Property; Announces Extraordinary Profit for Q4 of FY 2013
Seiryo Electric Corp announced that it will sell a Hyogo-located property for JPY 226 million in total, effective March 21, 2013. As a result, the Company will record a JPY 35 million extraordinary profit on the selling of the property, for the fourth quarter of the fiscal year ending March 2013. Full Article
Seiryo Electric Corp Raises Consolidated Full-year Outlook and Year-end Dividend Forecast for FY 2013
Seiryo Electric Corp announced that it has raised its consolidated full-year outlook for revenue from JPY 17,000 million to JPY 18,300 million, operating profit from JPY 360 million to JPY 480 million, ordinary profit from JPY 350 million to JPY 470 million, net profit from JPY 190 million to JPY 410 million and earning per share from JPY 54.31 to JPY 117.20, for the fiscal year ending March 2013. The Company raised the outlook due to the increased demands and the decreased tax cost. In addition, the Company has also raised its year-end dividend forecast from JPY 15.00 per share announced on May 10, 2012 to JPY 25.00 per share, for the fiscal year ending March 2013. Full Article
Seiryo Electric Corporation's Subsidiary to Sell Property; Expects Extraordinary Loss for Q4 of FY 2012
Seiryo Electric Corporation announced that its subsidiary has decided to sell a property to a Japan-based company, which is engaged in real estate business, for JPY 42.5 million, on May 31, 2012. The Company expects JPY 147 million extraordinary loss on the transaction for the fourth quarter of the fiscal year ending March 2012. Full Article
Seiryo Electric Corporation's Subsidiary to Sell Property; Expects Extraordinary Losses for FY 2012; Amends Consolidated Full-year Forecast for FY 2012
Seiryo Electric Corporation announced that its subsidiary has decided to sell a property. The price is to be determined. The Company expects JPY 140 million extraordinary loss on impairment of this property for the fourth quarter of the fiscal year ending March 2012. The Company also expects JPY 310 million extraordinary loss on relocation of cell phone store, JPY 90 million extraordinary loss on close of personal computer store, as well as JPY 30 million extraordinary loss on withdrawal from pension fund for the fiscal year ending March 2012. The Company has reaffirmed the consolidated full-year forecast for revenue of JPY 15,000 million, and lowered the forecast for operating profit from JPY 330 million to JPY 105 million, ordinary profit from JPY 300 million to JPY 100 million, net profit (loss) from JPY 145 million to JPY (465 million) and earning (loss) per share from JPY 41.45 to JPY (132.92) for the fiscal year ending March 31, 2012. The Company amended the consolidated full-year outlook due to decreased price of orders, as well as record of extraordinary losses. Full Article
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