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Calsonic Kansei Corp (7248.T)

7248.T on Tokyo Stock Exchange

24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Calsonic Kansei says outcome of ToB offered by KKR
Thursday, 23 Mar 2017 03:48am EDT 

Calsonic Kansei Corp <7248.T> : Says 255,018,138 shares of Calsonic Kansei Corp were offered in a takeover bid by U.S. buyout firm KKR & Co 's wholly owned unit (the acquirer) from Feb. 22 to March 22 . Settlement day starts from March 29 . The acquirer will raise stake in co to 95.21 percent from 0 percent . Co's current top shareholder Nissan Motor Co Ltd <7201.T> will cut its stake in co to 0 percent from 41.5 percent . Shareholding structure changes will occur on March 29 .Co will be delisted from Tokyo Stock Exchange accordingly.  Full Article

Calsonic Kansei announces 498 bln yen ToB offered by KKR
Tuesday, 22 Nov 2016 05:48am EST 

Calsonic Kansei Corp <7248.T> : U.S. buyout firm KKR & Co is offering a takeover bid for 267,882,277 shares (or no less than 178,588,185 shares) of the company's stock via KKR's unit, at the price of 1,860 yen per share . KKR is expected to hold 100 percent stake (267,882 voting rights) in the company up from 0 percent . Total acquisition amount is 498.26 billion yen .Nissan Motor Co Ltd <7201.T> will sell its entire 41.50 percent stake in the company to KKR, at 206.77 billion yen.  Full Article

Calsonic Kansei: To discuss Nissan's stake sale at board meeting Tuesday
Monday, 21 Nov 2016 03:39pm EST 

Calsonic Kansei Corp <7248.T>: report of Nissan Motor Co Ltd <7201.T> plan to sell stake in it to KKR not something it announced .to discuss reported issue at board meeting on Tuesday and announce any decision as soon as possible.  Full Article

Nissan: considering various options for Calsonic Kansei
Monday, 23 May 2016 08:08pm EDT 

Nissan Motor Co <7201.T>: - not source of report it is considering selling entire stake in Calsonic Kansei Corp <7248.T> - considering various options for Calsonic Kansei:.  Full Article

Nissan Motor Co Ltd may sell entire Calsonic Kansei stake - Nikkei
Monday, 23 May 2016 12:22pm EDT 

: Nissan Motor Co Ltd may sell entire Calsonic Kansei stake - Nikkei . Nissan Motor is considering liquidating its 41% interest in autoparts maker Calsonic Kansei - Nikkei . Nissan Motor's sale of Calsonic Kansei stake sale may raise more than 100 billion yen ($913 million) - Nikkei .Nissan Motor Co Ltd - Japanese automaker plans to solicit a first round of bids in June - Nikkei.  Full Article

Calsonic Kansei raises consolidated full-year outlook for FY 2016
Wednesday, 4 Nov 2015 01:30am EST 

Calsonic Kansei Corp:Says the company increased the consolidated full-year outlook for revenue to 1,050,000 million yen from 1,000,000 million yen for FY ending March 2016.Operating profit forecast increased to 38,000 million yen from 35,000 million yen.Ordinary profit forecast increased to 38,000 million yen from 33,000 million yen.Net profit forecast increased to 25,000 million yen from 22,000 million yen.Earnings per share increased to 93.31 yen from 82.11 yen.FY 2016 revenues of 1,020.47 billion yen, net income of 23.87 billion yen – Thomson Reuters I/B/E/S.Comments the sales increase and yen devaluation are the main reasons for the forecast.  Full Article

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