Key Developments: IHI Corp (7013.T)
2 Jul 2015
Latest Key Developments (Source: Significant Developments)
Kyodo News reported that Ihi Corp announced that it has acquired a U.S. company with know-how in nuclear decontamination and demolishing nuclear power plants as more plants in Japan, Europe and the United States are expected to be decommissioned. Ihi, which bought the Idaho-based Nitrocision LLC for an undisclosed sum, said it aims for JPY 15 billion in total sales by 2023. Full Article
Ihi Corp announced that it has raised its mid-year consolidated outlook for revenue from JPY 550,000 million to JPY 560,000 million, operating profit from JPY 8,000 million to JPY 13,000 million, ordinary profit from JPY 5,000 million to JPY 12,000 million, net profit from JPY 1,000 million to JPY 5,000 million, and earnings per share from JPY 0.68 to JPY 3.42, for the fiscal year ending March 31, 2014. The Company also has reaffirmed its full-year consolidated outlook for revenue of JPY 1,310,000 million, operating profit of JPY 48,000 million, ordinary profit of JPY 37,000 million, and raised its full-year consolidated outlook for net profit from JPY 18,000 million to JPY 23,000 million, and earnings per share from JPY 12.30 to JPY 15.72, for the same fiscal year. This is due to the increase in revenue from aerospace engine repair parts, increase in investment income and extraordinary profit caused by business integration from subsidiary. Full Article
NEW DELHI, Feb 12 - India's Pipavav Defence & Offshore Engineering Co Ltd on Thursday denied it was in talks to sell a stake to Mahindra & Mahindra Ltd, after a media report said it was close to clinching a deal.