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Noritz Corp (5943.T)

5943.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Chofu Seisakusho announces business and capital alliance with NORITZ
Friday, 11 Dec 2015 01:00am EST 

Chofu Seisakusho Co Ltd:Formed a business and capital alliance with NORITZ CORP on Dec. 11.Says two entities will cooperate on commutative supply of products, joint development of product and mutual complement of after-sales service.Chofu Seisakusho to acquire 1,524,000 shares (3 pct stake) of NORITZ during Dec. 11 to Dec. 10, 2016.NORITZ to acquire 1,079,000 shares (3 pct stake) of Chofu Seisakusho during Dec. 11 to Dec. 10, 2016.  Full Article

NORITZ lowers consolidated full-year net profit outlook for FY 2015
Tuesday, 10 Nov 2015 01:00am EST 

NORITZ CORP:Says the company reaffirmed the consolidated full-year outlook for revenue at 225,000 mln yen for the fiscal year ending Dec. 31, 2015.Confirms the operating profit forecast at 6,000 mln yen.Confirms the ordinary profit forecast at 6,900 mln yen.Sees a decrease of net profit forecast to a loss of 2,000 mln yen from 4,100 mln yen.Sees a decrease of earnings per share to a loss of 41.83 yen from 83.74 yen.Says net profit outlook lowered due to the extraordinary loss recorded in Q3.  Full Article

NORITZ to dissolve Tokyo-based subsidiary
Wednesday, 14 Oct 2015 02:00am EDT 

NORITZ CORP:To dissolve Tokyo-based wholly owned subsidiary engaged in construction and repair of the company's products, on Dec. 31.Liquidation is expected to be completed in June 2016.  Full Article

BRIEF-Noritz plan business alliance with Toclas Corp

* Says it enters into agreement to form a business alliance with Toclas Corp, in housing equipments business, on mutual supply, joint development, sub-contract production and common distribution of products and components