Key Developments: Leader Electronics Corp (6867.OS)
259JPY
20 May 2013
¥9 (+3.60%)
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1,000
5,689
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Latest Key Developments (Source: Significant Developments)
LEADER ELECTRONICS CORP Expects Extraordinary Loss for FY 2013
LEADER ELECTRONICS CORP announced that it expects JPY 254,486,000 extraordinary loss om impairment for the fiscal year ended March 2013. Full Article
LEADER ELECTRONICS CORP Lowers Consolidated Full-year Forecast for FY 2013
LEADER ELECTRONICS CORP announced that it has lowered the consolidated full-year forecast for revenue from JPY 2,500 million to JPY 2,350 million, operating profit (loss) from JPY (910 million) to JPY (1,000 million), ordinary profit (loss) from JPY (840 million) to JPY (920 million), net profit (loss) from JPY (810 million) to JPY (1,100 million) and earning (loss) per share from JPY (194.63) to JPY (264.32) for the fiscal year ending March 31, 2013. The Company lowered the consolidated full-year outlook due to the downturn in economy and the aggravated order environment. Full Article
LEADER ELECTRONICS CORP Announces Outcome of Early-retirement Program; Expects Extraordinary Loss for Q3 of FY 2013
LEADER ELECTRONICS CORP announced that 65 employees have taken up the offer of the early-retirement program. The retirement date is February 15, 2013. The Company expects JPY 206 million extraordinary loss on the retirement payment for the third quarter of the fiscal year ending March 2013. Full Article
LEADER ELECTRONICS CORP Announces Changes of President
LEADER ELECTRONICS CORP announced that it has appointed Noboru Kitagawa to replace Shigehiko Hirota as President of the Company, effective December 25, 2012. Full Article
LEADER ELECTRONICS CORP Offers Early Retirement Program
LEADER ELECTRONICS CORP announced that it has decided to offer an early retirement program during the period from December 10, 2012 to December 21, 2012. The Company is expecting 70 employees to take up the offer and retire on February 15, 2013. The Company will provide special benefits and outplacement support. Full Article
LEADER ELECTRONICS CORP to Establish New Subsidiary; Subsidiary to Sell Property; Expects Extraordinary Profit and Lowers Mid-year and Full-year Consolidated Outlook for FY Ending March 31, 2013
LEADER ELECTRONICS CORP announced that it will establish a new wholly owned subsidiary, JiaLong LEADER (Beijing) Trading Co.,Ltd., which will be engaged in sale of electric measuring instruments, based in Beijing, China in November 2012. The Company also announced that its U.S.A.-based subsidiary will sell a property based in U.S.A. at a price of USD 1,495,000 on November 12, 2012. Therefore, the Company expects an extraordinary profit of JPY 38 million for the fiscal year ending March 31, 2013. The Company has lowered its mid-year consolidated outlook for revenue from JPY 2,100 million to JPY 1,132 million, operating profit (loss) from JPY (60 million) to JPY (524 million), ordinary profit (loss) from JPY (13 million) to JPY (493 million), net profit (loss) from JPY (18 million) to JPY (497 million) and earnings (loss) per share from JPY (4.32) to JPY (119.45) for the fiscal year ending March 31, 2013. The Company also has lowered its full-year consolidated outlook for revenue from JPY 4,200 million to JPY 2,500 million, operating profit (loss) from JPY (70 million) to JPY (910 million), ordinary profit (loss) from JPY 20 million to JPY (840 million), net profit (loss) from JPY 10 million to JPY (810 million) and earnings (loss) per share from JPY 2.40 to JPY (194.63) for the fiscal year ending March 31, 2013. The Company lowered its mid-year and full-year consolidated outlook mainly due to the sluggish economics and decreased demand of production equipments. Full Article
Leader Electronics Corporation Announces Liquidation of Subsidiary; Expects Extraordinary Loss for FY 2012
Leader Electronics Corporation announced that the liquidation of a wholly owned subsidiary has been completed on March 28, 2012. The Company expects JPY 145 million extraordinary loss on the liquidation of subsidiary for the fiscal year ending March 2012. Full Article
Leader Electronics Corporation to Dissolve Subsidiary
Leader Electronics Corporation announced that it has decided to dissolve its Hong Kong-based wholly owned subsidiary, which engaged in the sale of electricity measuring instrument, effective March 2012. The liquidation of the subsidiary will be completed on August 2012. Full Article
Leader Electronics Corporation Amends Consolidated Full-year Outlook and Year-end Dividend Forecast for FY 2012
Leader Electronics Corporation announced that it has lowered its consolidated full-year outlook for revenue from JPY 4,200 million to JPY 3,000 million, operating profit from a loss of JPY 100 million to a loss of JPY 850 million, ordinary profit from JPY 20 million to a loss of JPY 740 million, net profit from JPY 120 million to a loss of JPY 630 million and earning per share from JPY 28.82 to a loss of JPY 151.34, for the fiscal year ending March 2012. This is due to the decreased sales and the fierce business conditions. In addition, the Company has also changed its year-end dividend forecast from JPY 10.00 per share to an undetermined value, for the same fiscal year. Full Article
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