Key Developments: Morita Holdings Corp (6455.T)

6455.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

MORITA HOLDINGS CORP to decrease stake in subsidiary MIYATA CYCLE
Thursday, 20 Mar 2014 02:00am EDT 

MORITA HOLDINGS CORP:To decrease stake in subsidiary MIYATA CYCLE to 25 pct (500 shares) from 70 pct (1,400 shares).To transfer 20 pct stake to SINANEN on March 24.To transfer 15 pct stake to Merida Industry, which is holding a 30 pct stake in MIYATA CYCLE on March 27.To transfer 10 pct stake to MIYATA CYCLE on March 24.Says MIYATA CYCLE will not be subsidiary after transaction.  Full Article

MORITA HOLDINGS CORP announces business and capital alliance with AIR WATER INC
Friday, 21 Feb 2014 01:10am EST 

MORITA HOLDINGS CORP:Signed business and capital alliance with AIR WATER INC on Feb. 21.To collaborate in product sale and development in disaster prevention business.To sell 1,730,000 shares of common stock for 823 yen per share to AIR WATER through private placement, effective March 10.AIR WATER to hold a 3.69 pct stake in the company after the private placement.  Full Article

MORITA HOLDINGS CORP lowers full-year consolidated net profit outlook for FY 2014
Friday, 24 Jan 2014 01:00am EST 

MORITA HOLDINGS CORP:Sees full-year consolidated revenue of 68,000 million yen, for fiscal year ending Mar. 31, 2014.Sees full-year operating profit of 6,300 million yen.Sees full-year ordinary profit of 6,500 million yen.Sees full-year net profit of 2,900 million yen lowered from 3,500 million yen.Sees full-year earnings per share of 65.06 yen lowered from 78.51 yen.Says net profit outlook lowered due to extraordinary loss on sale of properties of subsidiary.FY 2014 revenue of 70,150,000 million yen, operating profit of 6,700,000 million yen and net profit of 3,800,000 million yen - Thomson Reuters I/B/E/S.  Full Article

MORITA HOLDINGS CORP to merge with subsidiary
Friday, 20 Dec 2013 01:00am EST 

MORITA HOLDINGS CORP:Says to merge with a wholly owned subsidiary, which is engaged in real estate management business for group companies, based in Osaka.Says merger effective Apr. 1, 2014.Says the subsidiary will be dissolved after the merger.  Full Article

MORITA HOLDINGS CORP Amends Consolidated Full-year Outlook for FY 2013; Expects Extraordinary Losses for FY 2013
Friday, 21 Dec 2012 01:00am EST 

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
Monday, 29 Oct 2012 02:00am EDT 

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

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