Key Developments: Kappa Create Holdings Co Ltd (7421.T)
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36,650
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Latest Key Developments (Source: Significant Developments)
KAPPA·CREATE HOLDINGS CO., LTD. Completes Private Placement
KAPPA·CREATE HOLDINGS CO., LTD. announced that it has completed the selling of 800,000 shares of its treasury stock to SHINMEI CO LTD, at the price of JPY 1,971 per share, or JPY 1,576,800,000 in total through a private placement, on April 30, 2013. Full Article
KAPPA·CREATE HOLDINGS CO., LTD. Forms Business and Capital Alliance with SHINMEI CO LTD
KAPPA·CREATE HOLDINGS CO., LTD. announced that it has formed a business and capital alliance with SHINMEI CO LTD on April 9, 2013. The two companies will share distribution function and production equipment, as well as jointly develop domestic and overseas market. KAPPA·CREATE HOLDINGS will acquire 800,000,000 shares of SHINMEI CO LTD on April 30, 2013. KAPPA·CREATE HOLDINGS will sell 800,000 shares (3.43% stake) of its treasury stock to SHINMEI CO LTD, at the price of JPY 1,971 per share, or JPY 1,576,800,000 in total, on April 30, 2013. Full Article
KAPPA·CREATE HOLDINGS CO., LTD. Lowers Consolidated Full-year Forecast for FY 2013; Expects Extraordinary Losses for FY 2013; Cancels Year-end Dividend Forecast for FY 2013
KAPPA·CREATE HOLDINGS CO., LTD. announced that it has lowered the consolidated full-year forecast for revenue from JPY 94,600 million to JPY 94,142 million, operating profit from JPY 2,180 million to JPY 801 million, ordinary profit from JPY 2,000 million to JPY 791 million, net profit (loss) from JPY 940 million to JPY (2,300 million) and earning (loss) per share from JPY 48.98 to JPY (120.40) for the fiscal year ended February 28, 2013. The Company lowered the consolidated full-year outlook due to bad performance of kaiten-zushi business. The Company expects a total of JPY 2,069 million extraordinary losses, including JPY 99 million extraordinary loss on removal of fixed asset, JPY 109 million extraordinary loss on close of stores and JPY 1,860 million extraordinary loss on impairment for the fiscal year ended February 28, 2013. The Company has canceled the year-end dividend forecast of JPY 20 per share for the fiscal year ended February 28, 2013. Full Article
KAPPA CREATE CO LTD Appoints President
KAPPA CREATE CO LTD announced that it has appointed Keiichi Tokuyama as President to replace Toru Hirabayashi, effective January 10, 2013. Tokuyama will still be serving as Chairman of the Board and Representative Director. Full Article
KAPPA CREATE CO LTD Lowers Consolidated Full-year Outlook and Year-end Dividend Outlook for FY Ending February 28, 2013
KAPPA CREATE CO LTD announced that it has lowered its consolidated full-year outlook for revenue from JPY 96,800 million to JPY 94,600 million, operating profit from JPY 3,560 million to JPY 2,180 million, ordinary profit from JPY 3,430 million to JPY 2,000 million, net profit from JPY 1,700 million to JPY 940 million and earning per share from JPY 88.77 to JPY 48.98 for the fiscal year ending February 28, 2013. This is due to the decreased sale of domestic sushi businesses. According to I/B/E/S Estimates, analysts on average are expecting the Company to report full-year revenue of JPY 93.90 billion and net profit of JPY 1.40 billion. The Company also lowered its year-end dividend outlook from JPY 25.00 per share, which was announced on April 4, 2012, to JPY 20.00 per share, for the same fiscal year. Full Article
Kappa Create Co., Ltd. to Transfer to Holding Company Structure and to Change Company Name
Kappa Create Co., Ltd. announced that it will transfer all of its businesses to a wholly owned subsidiary, effective September 1, 2012. The Company will become a holding company and change its name to KAPPA・CREATE HOLDINGS CO., LTD., effective September 1, 2012. Additionally, the subsidiary will change name to Kappa Create Co., Ltd., effective September 1, 2012. Full Article
Kappa Create Co., Ltd. Lowers Consolidated Full-year Outlook for FY Ended February 2012
Kappa Create Co., Ltd. announced that it has lowered its consolidated full-year outlook for revenue from JPY 98,700 million to JPY 92,627 million, operating profit from JPY 4,030 million to JPY 3,357 million, ordinary profit from JPY 3,920 million to JPY 3,137 million, net profit from JPY 2,200 million to JPY 1,532 million and earning per share from JPY 115.34 to JPY 80.53 for the fiscal year ended February 29, 2012. This is due to the influence of the earthquake and decreased sale of stores. Full Article
Kappa Create Co., Ltd. Amends Consolidated Full-year Outlook for FY 2012
Kappa Create Co., Ltd. announced that it has changed its consolidated full-year outlook for revenue from JPY 97,200-98,700 million to JPY 98,700 million, operating profit from JPY 3,030-4,030 million to JPY 4,030 million, ordinary profit from JPY 2,920-3,920 million to JPY 3,920 million, net profit from JPY 1,700-2,200 million to JPY 2,200 million and earning per share from JPY 89.13-115.34 to JPY 115.34, for the fiscal year ending February 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 98.63 billion and earning per share of JPY 115.77. Full Article
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