Key Developments: Organo Corp (6368.T)

6368.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Organo expects extraordinary loss and amends consolidated full-year outlook for FY 2015
Thursday, 26 Mar 2015 12:00am EDT 

Organo Corp:Expected extraordinary loss of about 500 mln yen for FY ending March 2015 for retirement payment.Says the company amended the consolidated full-year outlook for the FY ending March 2015.Revenue forecast decreased to 68,000 million yen from 70,000 million yen.Operating profit forecast increased to 2,300 million yen from 1,500 million yen.Ordinary profit forecast increased to 2,400 million yen from 1,400 million yen.Net profit forecast increased to 1,200 million yen from 900 million yen.Earnings per share forecast increased to 20.83 yen from 15.63 yen.Comments that delay of equipment investment, increased consumption tax rate and costs reduction are the main reasons for the forecast.  Full Article

Organo Corp revises consolidated mid-year outlook for FY 2015
Monday, 27 Oct 2014 01:00am EDT 

Organo Corp:Says the company decreased the consolidated mid-year outlook for revenue 28,600 to million yen from 30,000 million yen for FY ending March 2015.Operating profit forecast increased to a loss of 430 million yen from a loss of 500 million yen.Ordinary profit forecast increased to a loss of 440 million yen from a loss of 550 million yen.Net profit forecast decreased to a loss of 580 million yen from a loss of 300 million yen.Earnings per share decreased to a loss of 10.07 yen from a loss of 5.21 yen.Comments the decreased income in overseas water treatment engineering business and costs reduction are the main reasons for the forecast.  Full Article

Organo revises full-year consolidated outlook for FY 2014
Monday, 28 Apr 2014 01:00am EDT 

Organo Corp:Full-year consolidated outlook for revenue of 62,100 mln yen lowered from 67,000 mln yen, for fiscal year ended March 31, 2014.Full-year operating profit outlook of 830 mln yen raised from 500 mln yen.Full-year ordinary profit outlook of 1,170 mln yen raised from 550 mln yen.Full-year net profit outlook of 660 mln yen raised from 350 mln yen.Full-year earnings per share outlook of 11.46 yen raised from 6.08 yen.Revenue outlook lowered due to postponed facility investment and maintenance and renovation works, and profit outlook raised due to improvement of profitability in domestic market and depreciation of yen.  Full Article

Organo Corp to merge with subsidiaries
Tuesday, 24 Dec 2013 12:00am EST 

Organo Corp:Says it will merge with seven wholly owned subsidiaries, effective Apr. 1, 2014.Says the subsidiaries have been engaged in manufacture and sale of water treatment equipment and facilities as well as sale of water treatment drug in Sapporo, Sendai, Tokyo, Nagoya, Osaka, Fukuoka and Hiroshima respectively.Says the company will be the surviving company and the subsidiaries will be dissolved.  Full Article

Organo Corp Lowers Mid-year and Full-year Consolidated Outlook for FY 2014; Lowers Mid-term and Year-end Dividend Forecasts for FY 2014
Monday, 28 Oct 2013 01:00am EDT 

Organo Corp announced that it has lowered its mid-year consolidated outlook for revenue from JPY 30,000 million to JPY 26,800 million, operating profit (loss) from JPY 200 million to JPY (430 million), ordinary profit (loss) from JPY 100 million to JPY (230 million), net profit (loss) from JPY 40 million to JPY (130 million), and earnings (loss) per share from JPY 0.69 to JPY (2.26), for the fiscal year ending March 31, 2014. The Company also has lowered its full-year consolidated outlook for revenue from JPY 73,000 million to JPY 67,000 million, operating profit from JPY 3,000 million to JPY 500 million, ordinary profit from JPY 2,800 million to JPY 550 million, net profit from JPY 1,500 million to JPY 350 million, and earnings per share from JPY 26.04 to JPY 6.08, for the same fiscal year. The Company lowered its mid-year and full-year consolidated outlook mainly due to the impact by facility investment and postponed construction works. The Company also has lowered its mid-term and year-end dividend forecasts from JPY 6.00 per share to JPY 4.00 per share respectively, for the same fiscal year.  Full Article

Organo Corp Announces Business Alliance with Katayama Nalco Inc.
Tuesday, 9 Jul 2013 01:00am EDT 

Organo Corp announced that it has decided to form a business alliance with Katayama Nalco Inc., which is engaged in the sale of industrial chemical agents including water treatment agents in Osaka. Through the business alliance, the two companies will cooperate in the sales promotion of water treatment agents, process related agents and water treatment equipment in Japan, starting from July 9, 2013.  Full Article

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