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Organo Corp (6368.T)

6368.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Organo announces change of corporate auditor
Wednesday, 11 May 2016 01:24am EDT 

Organo Corp <6368.T> : Says it appoints ARK MEIJI AUDIT & Co. as corporate auditor to replace Hijiribashi Audit Corporation, after a merger between the two audit corporations .Says change to occur on July 1.  Full Article

Organo raises consolidated mid-year and full-year outlook for FY 2016
Monday, 26 Oct 2015 01:00am EDT 

Organo Corp:Says the company increased the consolidated mid-year outlook for revenue to 33,400 mln yen from 30,000 mln yen, for the fiscal year ending March 31, 2016.Operating profit forecast increased to a loss of 190 mln yen from a loss of 300 mln yen.Ordinary profit forecast increased to a loss of 220 mln yen from a loss of 350 mln yen.Sees a decrease of net profit forecast to a loss of 280 mln yen from a loss of 230 mln yen.Sees a decrease of earnings per share to a loss of 4.86 yen from a loss of 3.99 yen.Says the company increased the consolidated full-year outlook for revenue to 79,000 mln yen from 77,000 mln yen, for the fiscal year ending March 31, 2016.Operating profit forecast increased to 3,500 mln yen from 2,700 mln yen.Ordinary profit forecast increased to 3,400 mln yen from 2,600 mln yen.Net profit forecast increased to 2,250 mln yen from 1,680 mln yen.Earnings per share increased to 39.07 yen from 29.17 yen.Comments the improvement in water disposal engineering business, improved profitability are the main reasons for the forecast.  Full Article

Organo announces joint venture in India
Wednesday, 5 Aug 2015 01:00am EDT 

Organo Corp:Says to acquire 49 pct stake in India-based company Polutech Limited, which wholly owned by Murugappa group (Kadamane Estate Company holds 91pct stake and Ambadi Enterprises Limited holds 9 pct stake respectively) planned in August.For water treatment business in India.  Full Article