Onex Corp (5987.T)
Latest Key Developments (Source: Significant Developments)
Onex Corp:Says the company lowered the consolidated mid-year outlook for revenue to 2,507 mln yen from 2,708 mln yen for the fiscal year ending June 30, 2016.Operating profit forecast increased to 138 mln yen from 120 mln yen.Ordinary profit forecast increased to 144 mln yen from 103 mln yen.Net profit forecast increased to 79 mln yen from 47 mln yen.Earnings per share increased to 4.81 yen from 2.84 yen.Says profit outlook raised due to cost reduction. Full Article
Onex Corp:To issue a year-end dividend of 2 yen per share to all the shareholders of record as of June 30, for the fiscal year ended June 2015.Payment date Sep. 30.Says the dividend amount is in line with the latest forecast. Full Article
Onex Corp:Says the company increased the consolidated mid-year outlook for revenue to 5,212 million yen from 5,191 million yen for FY ended June 2015.Operating profit forecast increased to 313 million yen from 300 million yen.Ordinary profit forecast increased to 324 million yen from 310 million yen.Net profit forecast decreased to 191 million yen from 193 million yen.Earnings per share decreased to 11.57 yen from 11.65 yen. Full Article
Private equity firm KKR & Co LP and Canadian pension fund Caisse de dépôt et placement du Québec announced plans on Friday to buy USI Insurance Services from Onex Corp for $4.3 billion, including debt.