Key Developments: Kito Corp (6409.T)

6409.T on Tokyo Stock Exchange

1,242JPY
22 May 2015
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¥15 (+1.22%)
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Latest Key Developments (Source: Significant Developments)

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

KITO CORP subsidiary to acquire company
Wednesday, 23 Jul 2014 02:00am EDT 

KITO CORP:Subsidiary KITO Americas, INC. to 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 between late August and late September.  Full Article

KITO CORP lowers year-end dividend forecast for FY 2015
Wednesday, 23 Jul 2014 02:00am EDT 

KITO CORP:Lowered year-end dividend forecast to 12.5 yen per share from 25 yen per share for FY ending March 2015 due to stock split.  Full Article

KITO to pay year-end dividend for FY 2014
Monday, 12 May 2014 02:30am EDT 

KITO CORP:To pay year-end dividend of 25 yen per share, above latest dividend forecast of 15 yen per share, for fiscal year 2014.Record date March 31 and effective date June 25.  Full Article

KITO CORP Amends Consolidated Mid-year Forecast for FY 2014
Thursday, 31 Oct 2013 02:00am EDT 

KITO CORP announced that it has lowered the consolidated mid-year forecast for revenue from JPY 18,000 million to JPY 17,650 million but raised the forecast for operating profit from JPY 1,000 million to JPY 1,160 million, ordinary profit from JPY 800 million to JPY 1,200 million, net profit from JPY 400 million to JPY 740 million and earning per share from JPY 30.96 to JPY 57.27 for the fiscal year ending March 31, 2014. The Company amended the consolidated mid-year outlook due to decreasing value of yen.  Full Article

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