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Shinseido Co Ltd Completes Sale of Business to YAMANO MUSIC CO., LTD.; Expects Extraordinary Profits for FY 2013
Shinseido Co Ltd announced that it has completed the sale of its musical instrument business to YAMANO MUSIC CO., LTD., at the price of JPY 589 million on February 1, 2013. As a result, the Company expects the extraordinary profit of approximately JPY 169 million caused by waiver of debts, for the fiscal year ending February 2013. The Company also expects the extraordinary profit of JPY 4,323 million caused by waiver of debts from Wonder Corp, for the fiscal year ending February 2013.
Latest Developments for Shinseido Co Ltd
- Shinseido Co Ltd Announces Changes of Corporate Auditor
- Shinseido Co Ltd Expects Extraordinary Profits for Q4 of FY 2013; Expects Extraordinary Losses for FY 2013; Lowers Full-year Outlook for FY 2013
- Shinseido Co Ltd Announces Changes of President
- Shinseido Co Ltd Announces Result of Takeover Bid by Wonder Corp and Changes in Shareholding Structure
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