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Noritz Corp (5943.T)

5943.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Noritz plan business alliance with Toclas Corp
Thursday, 13 Apr 2017 02:00am EDT 

Noritz Corp <5943.T> :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.  Full Article

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

NORITZ lowers consolidated mid-year and full-year outlook for FY 2015
Tuesday, 7 Jul 2015 02:00am EDT 

NORITZ CORP:Says the company lowered the consolidated mid-year outlook for revenue to 104,000 million yen from 110,000 million yen for the fiscal year ending Dec. 31, 2015.Sees a decrease of operating profit forecast to 1,200 million yen from 2,400 million yen.Sees a decrease of ordinary profit forecast to 1,600 million yen from 2,600 million yen.Sees a decrease of net profit forecast to 800 million yen from 1,400 million yen.Sees a decrease of earnings per share to 16.73 yen from 29.28 yen.Says the company lowered the consolidated full-year outlook for revenue to 225,000 million yen from 235,000 million yen for the fiscal year ending Dec. 31, 2015.Sees a decrease of operating profit forecast to 6,000 million 8,000 yen from million yen.Sees a decrease of ordinary profit forecast to 6,900 million yen from 8,700 million yen.Sees a decrease of net profit forecast to 4,100 million yen from 5,100 million yen.Sees a decrease of earnings per share to 85.74 yen from 106.66 yen.Comments the sluggish in sales due to the consumption tax hike is the main reason for the forecast.  Full Article

More From Around the Web

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