Key Developments: Zuken Inc (6947.T)
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Latest Key Developments (Source: Significant Developments)
ZUKEN INC Lowers Full-year Consolidated Outlook for FY 2013
ZUKEN INC announced that it has lowered its full-year consolidated outlook for revenue from JPY 18,000 million to JPY 17,900 million, operating profit from JPY 700 million to JPY 350 million, ordinary profit from JPY 770 million to JPY 490 million, net profit from JPY 500 million to JPY 300 million, and earnings per share from JPY 21.50 to JPY 12.90, for the fiscal year ended March 31, 2013. The Company lowered its full-year consolidated outlook mainly due to the increase in cost rate. Full Article
ZUKEN INC Lowers Consolidated Mid-year and Full-year Outlook for FY 2013
ZUKEN INC announced that it has lowered its consolidated mid-year outlook for revenue from JPY 8,700 million to JPY 8,150 million, operating profit from JPY 100 million to a loss of JPY 50 million, ordinary profit from JPY 150 million to a loss of JPY 35 million, net profit from JPY 60 million to a loss of JPY 35 million and earning per share from JPY 2.58 to a loss of JPY 1.51, for the fiscal year ending March 2013. In addition, the Company has also lowered its consolidated full-year outlook for revenue from JPY 19,000 million to JPY 18,000 million, operating profit from JPY 920 million to JPY 700 million, ordinary profit from JPY 1,020 million to JPY 770 million, net profit from JPY 650 million to JPY 500 million and earning per share from JPY 27.95 to JPY 21.50, for the fiscal year ending March 2013. The Company lowered the outlook due to the impact of the higher yen and the fierce business conditions. Full Article
Zuken Inc. Amends Consolidated Full-year Outlook for FY 2012
Zuken Inc. announced that it has lowered the consolidated full-year outlook for revenue from JPY 18,600 million to JPY 18,300 million, but has raised the full-year outlook for operating profit from JPY 580 million to JPY 870 million, ordinary profit from JPY 650 million to JPY 980 million, net profit from JPY 1,570 million to JPY 1,770 million and earning per share from JPY 67.52 to JPY 76.12 for the fiscal year ended March 31, 2012. The positive profit outlook is mainly due to more-than-expected sales and reduce of lost in exchange rate. Full Article
Zuken Inc. Announces Extraordinary Loss for FY 2012
Zuken Inc. announced that it will record a JPY 110 million extraordinary loss on the cancellation of insurance agreement, for the fiscal year ending March 2012. Full Article
Zuken Inc. Announces Subsidiary's Concern of Uncollectible or Delayed Receivables
Zuken Inc. announced its subsidiary, ZUKEN ELMIC,INC.,'s concern of JPY 100 million uncollectible or delayed receivables from Elpida Memory, Inc. This is because Elpida Memory, Inc. filed for civil rehabilitation procedures. Full Article
Zuken Inc. Raises Year-end Dividend Outlook for FY 2012
Zuken Inc. announced that it has raised its year-end dividend outlook from JPY 7.00 per share, which was announced on November 7, 2011, to JPY 17.00 per share, (JPY 7.00 per share of a common dividend and JPY 10.00 per share of a special dividend), for the fiscal year ending March 2012. Full Article
Zuken Inc. Amends Consolidated Full-year Outlook for FY 2012
Zuken Inc. announced that it has lowered its consolidated full-year outlook for revenue from JPY 19,200 million to JPY 18,600 million, operating profit from JPY 680 million to JPY 580 million and ordinary profit from JPY 850 million to JPY 650 million, but raised the outlook for net profit from JPY 970 million to JPY 1,570 million and earning per share from JPY 41.71 to JPY 67.52, for the fiscal year ending March 2012. The Company lowered the revenue outlook due to the reversal of deferred tax assets, and raised the net profit outlook du to the record of extraordinary profit on selling of subsidiary. Full Article
Zuken Inc. to Sell Subsidiary to Subsidiary of Synopsys, Inc; Announces Extraordinary Profit for FY 2012
Zuken Inc. announced that it has decided to sell 3,360 shares (1,523 shares of which are to be acquired on the selling date) of its subsidiary Inventure Inc., which engages n the development, manufacture and sale of semiconductor intellectual property, to a Tokyo-based subsidiary of Synopsys, Inc., in early February 2012. After that, the Company will hold no stake in Inventure, down from 100%. As a result, the Company expects to record a JPY 1,480 million extraordinary Profit on the selling of Inventure, for the fiscal year ending March 2012. Full Article
Zuken Inc. Expects Extraordinary Profit for FY Ending March 2012; Amends FY 2012 Outlook
Zuken Inc. announced that it expects to record JPY 1,123 million profit on sale of affiliated company's shares as extraordinary profit for the fiscal year ending March 2012. Therefore, the Company raised its consolidated mid-year outlook for revenue from JPY 8,300 million to JPY 8,600 million, operating profit (loss) from JPY (410 million) to JPY 0 million, ordinary profit (loss) from JPY (300 million) to JPY 0 million, net profit (loss) from JPY (280 million) to JPY 500 million and earning per share (loss) from JPY (12.04) to JPY 21.50 for the fiscal year ending March 31, 2012. The Company also reaffirmed its consolidated full-year outlook for revenue of JPY 19,200 million, operating profit of JPY 680 million, ordinary profit of JPY 850 million, and raised its consolidated full-year outlook for net profit from JPY 470 million to JPY 970 million and earning per share from JPY 20.21 to JPY 41.71 for the same fiscal year. This is due to the increased sale of circuit board design solution businesses and wiring design system, as well as the decreased costs and expenses. Full Article
Zuken Inc. to Sell Shares of Chip One Stop, Inc.
Zuken Inc. announced that it will sell 8,240 shares of Chip One Stop, Inc., to a Japan-based company, at the price of JPY 220,000 per share, during the period from August 9, 2011 to September 20, 2011. As a result, the Company will hold no stakes in Chip One Stop, down from 24.61% (8,240 shares). Full Article
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