Key Developments: Nippon Conveyor Co Ltd (6375.T)
19 Dec 2014
Latest Key Developments (Source: Significant Developments)
Nippon Conveyor Co Ltd:Maintained the consolidated full-year outlook for revenue at 11,000 million yen for the FY ended March 2014.Operating profit forecast increased to 800 million yen from 500 million yen.Ordinary profit forecast increased to 850 million yen from 600 million yen.Net profit forecast increased to 650 million yen from 600 million yen.Earnings per share increased to 10.19 yen from 9.47 yen.Comments the reduced cost is the main reason for the forecast.To issue dividend of 1 yen per share, in line with the latest dividend forecast. Full Article
Nippon Conveyor raises full-year consolidated profit outlook and reaffirms year-end dividend forecast for FY 2014
Nippon Conveyor Co Ltd:Sees extraordinary profit of 92,988,000 yen received from Tsubakimoto Kogyo Co., Ltd, for fiscal year ending March 2014.Full-year consolidated outlook for revenue of 11,000 mln yen, for fiscal year ending March 31, 2014.Full-year operating profit outlook of 500 mln yen raised from 300 mln yen.Full-year ordinary profit outlook of 600 mln yen raised from 300 mln yen.Full-year net profit outlook of 600 mln yen raised from 200 mln yen.Full-year earnings per share outlook of 9.47 yen raised from 3.16 yen.Profit outlook raised due to cost reduction of earth conveyor, gain on sale of investment securities and the extraordinary profit.Reaffirms year-end dividend forecast of 1 yen per share, for the same fiscal year. Full Article
Nippon Conveyor Co Ltd announced that it has signed a stock swap agreement with Career Staff Network Co.,Ltd. One shares of Career Staff Network will be exchanged for 1,647 shares of the Company, effective September 1, 2013. After that, Career Staff Network will become a wholly owned subsidiary of the Company. Full Article
Nippon Conveyor Co Ltd Announces Schedule Change of Stock Swap Plan with Career Staff Network Co.,Ltd.
Nippon Conveyor Co Ltd announced that it has postponed the effective date from June 2013 to July 2013, regarding the stock swap with Career Staff Network Co.,Ltd. Full Article
Nippon Conveyor Co Ltd Expects Extraordinary Loss and Lowers Full-year Consolidated Outlook for FY 2013; Cancels Year-end Dividend Payment for FY 2013
Nippon Conveyor Co Ltd announced that it expects the extraordinary loss of JPY 70 million caused by provision of allowance for doubtful accounts, for the fiscal year ended March 31, 2013. The Company has lowered its full-year consolidated outlook for revenue from JPY 10,000 million to JPY 9,000 million, operating profit from JPY 100 million to JPY 5 million, ordinary profit from JPY 100 million to JPY 90 million, net profit (loss) from JPY 20 million to JPY (70 million), and earnings per share from JPY 0.32 to JPY (1.12), for the fiscal year ended March 31, 2013. The Company lowered its full-year consolidated outlook mainly due to the cancellation of transaction with another company, increase in cost for multistory parking lot project and extraordinary loss caused by provision of allowance for doubtful accounts. The Company also has canceled its year-end dividend payment, which was announced as an undetermined value on February 8, 2013, for the same fiscal year. Full Article
Nippon Conveyor Co Ltd to Acquire Career Staff Network Co.,Ltd. through Stock Swap; to Form Business and Capital Alliance with TCS HOLDINGS CO.,LTD.
Nippon Conveyor Co Ltd announced that it has decided to fully acquire Career Staff Network Co.,Ltd through stock swap, effective August 2013. The Company has also decided to form a business and capital alliance with TCS HOLDINGS CO.,LTD. The Company will start dispatching business and software development business after the acquisition of Career Staff Network Co.,Ltd. The Company and TCS HOLDINGS CO.,LTD. will collaborate in new business like human resources and education business. TCS HOLDINGS CO.,LTD. and other 25 companies is jointly holding a 15.17% stake in the Company. The joint holder will increase the stake in the Company to a 24.90% stake. Full Article