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Kito Corp (6409.T)

6409.T on Tokyo Stock Exchange

862JPY
26 Jul 2016
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Latest Key Developments (Source: Significant Developments)

KITO completes acquisition of Australian company PWB Anchor Limited
Monday, 2 May 2016 02:00am EDT 

KITO CORP:On April 29, Kito executed a transfer of stock from Industrial Development Corporation of South Africa Limited, purchasing all the shares of Australian company Scaw Metals Pty. Ltd., which holds 100 pct stake of PWB Anchor Limited (PWBA).Says PWBA is a leading distributor for Kito in Australia, selling hoists and other Kito brand products, and manufactures chain products.Says transaction price for Scaw Metals is $6 mln (511 mln yen), (including expense).  Full Article

KITO completes acquisition of chain business via unit
Tuesday, 2 Feb 2016 01:00am EST 

KITO CORP:Says completes acquisition of chain and related business from Weissenfels Tech Chains through the co's wholly owned unit KITO Chain Italia, on Feb. 1.Acquisition amount is 6.5 million euro.  Full Article

KITO amends consolidated full-year outlook for FY 2015
Friday, 24 Apr 2015 02:00am EDT 

KITO CORP:Says the company reaffirmed the consolidated full-year outlook for revenue at 50,000 million yen for FY ended March 2015.Sees a decrease of operating profit forecast to 3,350 million yen from 4,800 million yen.Sees a decrease of ordinary profit forecast to 3,380 million yen from 4,600 million yen.Sees a decrease of net profit forecast to 1,900 million yen from 3,100 million yen.Sees a decrease of earnings per share to 72.67 yen from 118.67 yen.Comments the inclusion of new companies and decreased equipment investment demand and reversal of deferred tax assets are the main reasons for the forecast.  Full Article

KITO CORP lowers consolidated mid-year outlook for FY 2015
Thursday, 6 Nov 2014 01:00am EST 

KITO CORP:Says the company lowered the consolidated mid-year outlook for revenue to 18,400 million yen from 19,700 million yen for FY ending March 2015.Sees a decrease of operating profit forecast to 855 million yen from 1,400 million yen.Sees a decrease of ordinary profit forecast to 892 million yen from 1,350 million yen.Sees a decrease of net profit forecast to 504 million yen from 800 million yen.Sees a decrease of earnings per share to 19.31 yen from 30.64 yen.Comments the lower-than-expected sales and increased costs are the main reasons for the forecast.  Full Article

KITO CORP amends consolidated full-year outlook for FY 2015
Thursday, 6 Nov 2014 01:00am EST 

KITO CORP:Says the company increased the consolidated full-year outlook for revenue to 50,000 million yen from 46,000 million yen for FY ending March 2015.Operating profit forecast increased to 4,800 million yen from 4,700 million yen.Ordinary profit forecast at 4,600 million yen.Net profit forecast increased to 3,100 million yen from 2,900 million yen.Earnings per share increased to 118.67 yen from 111.08 yen.FY 2015 revenues of 48.80 billion yen, net income of 2.87 billion yen – Thomson Reuters I/B/E/S.Comments the demand increase and inclusion of newly acquired company are the main reasons for the forecast.  Full Article

KITO CORP subsidiary completes acquire company
Thursday, 21 Aug 2014 02:00am EDT 

KITO CORP:Subsidiary KITO Americas, INC. completed acquire 213,750 shares (100 pct voting rights) of PEERLESS INDUSTRIAL GROUP, INC., from WESTVIEW CAPITAL PARTNERS II, L.P for $80 million.Acquisition date Aug. 21.  Full Article