Key Developments: Morita Holdings Corp (6455.T)
790JPY
18 Jun 2013
¥-6 (-0.75%)
¥751
¥791
¥796
¥788
28,000
96,131
¥957
¥520
Latest Key Developments (Source: Significant Developments)
MORITA HOLDINGS CORP Amends Consolidated Full-year Outlook for FY 2013; Expects Extraordinary Losses for FY 2013
MORITA HOLDINGS CORP announced that it has raised the consolidated full-year outlook for revenue from JPY 66,000 million to JPY 68,000 million, operating profit from JPY 5,300 million to JPY 6,000 million, ordinary profit from JPY 5,500 million to JPY 6,200 million, but has lowered the consolidated full-year outlook for net profit from JPY 3,200 million to JPY 2,840 million and earning per share from JPY 71.74 to JPY 63.68 for the fiscal year ending March 31, 2013. The positive outlook for revenue, operating profit and ordinary profit is mainly due to the good performance of fire truck business and disaster prevention business. The negative net profit outlook is mainly due to record of extraordinary loss. The Company is expecting an extraordinary loss of approximately JPY 1,700 million, as loss in the selling of fixed assets, and a loss of approximately JPY 200 million, as loss in the headquarter transfer, for the fiscal year ending March 31, 2013. Full Article
MORITA HOLDINGS CORP Raises Consolidated Full-year Forecast for FY 2013
MORITA HOLDINGS CORP announced that it has raised the consolidated mid-year forecast for revenue from JPY 22,000 million to JPY 23,900 million, operating profit from JPY 600 million to JPY 1,130 million, ordinary profit from JPY 700 million to JPY 1,150 million, net profit from JPY 400 million to JPY 550 million and earning per share from JPY 8.97 to JPY 12.33 for the fiscal year ending March 31, 2013. The Company raised the consolidated mid-year outlook due to favorable performance of disaster prevention business and environmental vehicle business. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of JPY 66.80 billion and net profit of JPY 3.26 billion for the fiscal year ending March 2013. Full Article
MORITA HOLDINGS CORPORATION Cancels Business Alliance with HIEPHOA EQUIPMENT OF ENVIRONMENT AND TRADING CO., LTD
MORITA HOLDINGS CORPORATION announced that it has decided to cancel the business alliance with HIEPHOA EQUIPMENT OF ENVIRONMENT AND TRADING CO., LTD., and to sell the 50% stake in their joint venture MORITA VIETNAM COMPANY LTD. to HIEPHOA EQUIPMENT OF ENVIRONMENT AND TRADING CO., LTD. and director of MORITA VIETNAM COMPANY LTD., in April 2012. Full Article
MORITA HOLDINGS CORPORATION Raises Consolidated Full-year Forecast and Year-end Dividend Forecast for FY 2012
MORITA HOLDINGS CORPORATION announced that it has raised the consolidated full-year forecast for revenue from JPY 60,000 million to JPY 62,000 million, operating profit from JPY 4,000 million to JPY 4,500 million, ordinary profit from JPY 4,200 million to JPY 4,700 million, net profit from JPY 2,200 million to JPY 2,400 million and earning per share from JPY 49.31 to JPY 53.80 for the fiscal year ending March 31, 2012. The Company raised the consolidated full-year forecast due to favorable performance of disaster prevention business and bicycle business. The Company has raised the year-end dividend forecast from JPY 5.00 per share to JPY 11.00 per share for the fiscal year ending March 31, 2012. Full Article
MORITA HOLDINGS CORPORATION Raises Consolidated Mid-year Outlook for FY Ending March 2012
MORITA HOLDINGS CORPORATION announced that it has raised its consolidated mid-year outlook for revenue from JPY 18,000 million to JPY 20,300 million, operating profit from JPY 100 million to JPY 540 million, ordinary profit from JPY 150 million to JPY 620 million, net profit from JPY 50 million to JPY 260 million and earning per share from JPY 1.12 to JPY 5.83 for the fiscal year ending March 2012. This is due to the increased sale of disaster prevention businesses. Full Article
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