Key Developments: Furukawa Co Ltd (5715.T)

5715.T on Tokyo Stock Exchange

208JPY
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¥-2 (-0.95%)
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¥210
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¥211
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¥212
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¥206
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1,826,000
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¥265
52-wk Low
¥168

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Latest Key Developments (Source: Significant Developments)

FURUKAWA CO LTD Agrees on Zeon Corp's Takeover Bid for Shares of Tohpe Corp; Expects Extraordinary Profit for FY 2013
Wednesday, 6 Feb 2013 01:15am EST 

FURUKAWA CO LTD announced that it has agreed to Zeon Corp's Takeover bid for shares of Tohpe Corp, which was disclosed earlier today. The Company will subscribe all its stake in Tohpe Corp (16,479,764 shares, or a 53.16% stake), for JPY 2,059,970,500 in total. The takeover bid period is from February 7, 2013 to March 21, 2013. The settlement date is March 27, 2013. After this, FURUKAWA CO LTD will hold no stake in Tohpe Corp. The Company is expecting an extraordinary profit of approximately JPY 800 million, as gain on the selling of subsidiary's shares, for the fiscal year ending March 2013.  Full Article

FURUKAWA CO LTD to Dissolve Subsidiary
Thursday, 20 Dec 2012 01:00am EST 

FURUKAWA CO LTD announced that it has decided to dissolve a wholly owned subsidiary, which has been engaged in civil engineering business in Tochigi, Japan. The liquidation date is April 9, 2013.  Full Article

FURUKAWA CO LTD Announces Extraordinary Profit for Q3 of FY 2013
Tuesday, 4 Dec 2012 01:00am EST 

FURUKAWA CO LTD announced that it will record a JPY 942 million extraordinary profit on the selling of investment securities, for the third quarter of the fiscal year ending March 2013.  Full Article

FURUKAWA CO LTD Amends Consolidated Full-year Outlook for FY 2013
Wednesday, 7 Nov 2012 12:00am EST 

FURUKAWA CO LTD announced that it has lowered its consolidated full-year outlook for revenue from JPY 170,000 million to JPY 164,000 million, but affirmed the outlook for operating profit of JPY 3,000 million, ordinary profit of JPY 1,500 million, net profit of JPY 1,000 million and earning per share of JPY 2.47, for the fiscal year ending March 2013. The Company lowered the revenue outlook due to the decreased sales in development machinery business and fuel business.  Full Article

FURUKAWA CO LTD to Sell Subsidiary
Wednesday, 29 Aug 2012 02:00am EDT 

FURUKAWA CO LTD announced that it has decided to sell 190,000 shares (100% stake) of a subsidiary, which is engaged in sales of petroleum products, to Usami Kohyu Corp, on October 1, 2012.  Full Article

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