Key Developments: Nitta Gelatin Inc (4977.T)

4977.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Nitta Gelatin raises consolidated mid-year and full-year net profit outlook for FY 2016
Thursday, 6 Aug 2015 02:15am EDT 

Nitta Gelatin Inc:Says the company reaffirmed the consolidated mid-year outlook for revenue at 18,800 mln yen for the fiscal year ending March 31, 2016.Confirms the operating profit forecast at 600 mln yen.Confirms the ordinary profit forecast at 500 mln yen.Net profit forecast increased to 100 mln yen from a loss of 300 mln yen.Earnings per share increased to 5.44 yen from a loss of 16.33 yen.Says the company reaffirmed the consolidated full-year outlook for revenue at 38,100 mln yen for the fiscal year ending March 31, 2016.Confirms the operating profit forecast at 1,400 mln yen.Confirms the ordinary profit forecast at 1,100 mln yen.Net profit forecast increased to 500 mln yen from 200 mln yen.Earnings per share increased to 27.21 yen from 10.89 yen.Says net profit outlook raised due to the extraordinary profit recorded as gain on negative goodwill.  Full Article

Nitta Gelatin lowers consolidated full-year revenue outlook for FY 2015
Monday, 27 Apr 2015 03:50am EDT 

Nitta Gelatin Inc:Says the company lowered the consolidated full-year outlook for revenue to 31,900 million yen from 32,400 million yen for the fiscal year ended March 31, 2015.Sees a decrease of operating profit forecast to 360 million yen from 600 million yen.Sees an increase of ordinary profit forecast to 950 million yen from 700 million yen.Sees an increase of net profit forecast to 580 million yen from 500 million yen.Sees an increase of earnings per share to 31.57 yen from 27.21 yen.FY 2015 revenues of 32.40 billion yen, net profit of 0.69 billion yen – Thomson Reuters I/B/E/S.Comments that increased purchasing costs, as well as recording of foreign exchange profit are the main reasons for the forecast.  Full Article

Nitta Gelatin announces change of chairman and president
Friday, 6 Feb 2015 01:30am EST 

Nitta Gelatin Inc:Appoints Koichi Ogata as new president to replace Norimichi Soga, who will become chairman of the board, effective April 1.  Full Article

Nitta Gelatin Inc lowers consolidated full-year outlook for FY 2015
Thursday, 6 Nov 2014 01:00am EST 

Nitta Gelatin Inc:Says the company lowered the consolidated full-year outlook for revenue to 32,400 million yen from 36,500 million yen for FY ending March 2015.Sees a decrease of operating profit forecast to 600 million yen from 1,800 million yen.Sees a decrease of ordinary profit forecast to 700 million yen from 1,900 million yen.Sees a decrease of net profit forecast to 500 million yen from 1,200 million yen.Sees a decrease of earnings per share to 27.21 yen from 65.31 yen.Comments the decreased income, rising bovine bone gelatin raw material prices and increased energy cost are the main reasons for the forecast.  Full Article

Nitta Gelatin Inc lowers consolidated full-year outlook for FY 2014
Wednesday, 5 Feb 2014 01:00am EST 

Nitta Gelatin Inc:Says the company lowered the consolidated full-year outlook for revenue to 32,300 million yen from 32,700 million yen for the fiscal year ending Mar. 2014.Sees a decrease of operating profit forecast to 1,000 million yen from 1,700 million yen.Sees a decrease of ordinary profit forecast to 1,100 million yen from 1,890 million yen.Sees a decrease of net profit forecast to 700 million yen from 1,380 million yen.Sees a decrease of earnings per share to 39.87 yen from 78.6 yen.Comments the negative outlook is caused by increase of material costs and caused by lowered exchange rate, as well as the loss caused by casing quality and low productivity in India plant.FY 2014 revenues of 32.25 billion yen, reported net profit of 1.35 billion yen – Thomson Reuters I/B/E/S.  Full Article

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