Key Developments: A&A Material Corp (5391.T)

5391.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

A&A Material Corp Expects Extraordinary Loss for Q2 of FY 2014
Wednesday, 13 Nov 2013 01:00am EST 

A&A Material Corp announced that it expects the extraordinary loss of JPY 191 million caused by impairment loss on idle assets, for the second quarter of the fiscal year ending March 2014.  Full Article

A&A Material Corp Amends Consolidated Full-year Outlook for FY 2013
Monday, 22 Apr 2013 02:00am EDT 

A&A Material Corp announced that it has lowered its consolidated full-year outlook for revenue from JPY 38,000 million to JPY 36,200 million, operating profit from JPY 900 million to JPY 680 million, net profit from JPY 100 million to a loss of JPY 490 million and earning per share from JPY 1.29 to a loss of JPY 6.31, but affirmed the outlook for ordinary profit of JPY 150 million, for the fiscal year ended March 2013. The Company lowered the outlook due to the decreased demands, the lower selling price and the record of JPY 520 million extraordinary loss on business office closing, among others.  Full Article

A&A Material Corp Announces Extraordinary Profit and Extraordinary Loss for FY 2013
Monday, 22 Apr 2013 02:00am EDT 

A&A Material Corp announced that it will record a JPY 126 million extraordinary profit on the selling of investment securities, as well as a JPY 520 million extraordinary loss on the business office closing, for the fiscal year ended March 2013.  Full Article

A&A Material Corp Announces Retirement of Chairman
Monday, 8 Apr 2013 02:30am EDT 

A&A Material Corp announced that its Chairman of the Board, Mitsuto Shigetomi, has retired from the position, effective June 2013.  Full Article

A&A Material Corp Announces Appeal of Lawsuit
Wednesday, 3 Apr 2013 02:00am EDT 

A&A Material Corp announced an appeal filed by construction workers and their bereaved relatives against the nation and 43 companies including the Company, for asbestos related disease caused by the construction work. According to the first instance judgment, the appeal was dismissed and the plaintiffs were requested to burden the lawsuit cost. The plaintiffs were dissatisfied with the judgment and filed with Tokyo High Court demanding the withdrawal of former judgment and a compensation of JPY 38.5 million per head (JPY 2,887,500,000 in total), on June 8, 2012.  Full Article

A&A Material Corp Announces Appeal to Previous Verdict
Wednesday, 13 Mar 2013 02:00am EDT 

A&A Material Corp announced that the plaintiffs have filed for appeal with Tokyo High Court on December 18, 2012, against the verdict made by Tokyo Local Court on December 6, 2012. The appellant requested to withdraw part of the verdict which was against the appellant and a payment of JPY 38.5 million to each of the victims.  Full Article

A&A Material Corp to Merge with Subsidiary
Monday, 28 Jan 2013 03:50am EST 

A&A Material Corp announced that it has decided to merge with a wholly owned subsidiary, which is engaged in the painting and process of unburnable construction material, based in Yokohama, effective April 1, 2013. After this, the Company will be the surviving company and the subsidiary will be dissolved.  Full Article

A&A Material Corp Announces Result of Class Action Lawsuit
Wednesday, 5 Dec 2012 08:30pm EST 

A&A Material Corp announced it has received the judgment of a law suit from Tokyo District Court, which 337 construction workers and the bereaved families in Metropolitan Area filed against Government of Japan and 42 construction material companies, including the Company, for compensation of work-related asbestos damage, on December 5, 2012. According to the judgment, the Government of Japan is requested to pay approximately JPY 1,063,940,000 to the plaintiffs but the claim for payment from the 42 companies is dismissed.  Full Article

A&A Material Corp Announces Extraordinary Profit and Extraordinary Loss for Q2 of FY 2013
Wednesday, 14 Nov 2012 01:00am EST 

A&A Material Corp announced that it will record a JPY 104 million extraordinary profit on the acquisition of P.T.Ming Horng & Asktechnica Industrial, as well as a JPY 212 million extraordinary loss on the impairment of idle assets, for the second quarter of the fiscal year ending March 2013.  Full Article

A&A Material Corp Amends Consolidated Full-year Outlook for FY 2013
Wednesday, 14 Nov 2012 01:00am EST 

A&A Material Corp announced that it has affirmed its consolidated full-year outlook for revenue of JPY 38,000 million, but lowered the outlook for operating profit from JPY 1,000 million to JPY 900 million, ordinary profit from JPY 400 million to JPY 150 million, net profit from JPY 200 million to JPY 100 million and earning per share from JPY 2.58 to JPY 1.29, for the fiscal year ending March 2013. The Company lowered the outlook due to the decreased sales and the record of JPY 212 million extraordinary loss on impairment, among others.  Full Article

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