Zensho Holdings Co Ltd (7550.T) Key Developments | Reuters.com
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Zensho Holdings Co Ltd (7550.T)

7550.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Zensho Holdings' beef bowl unit likely to earn operating profit of nearly 9 bln yen for FY ending in March 2017 - Nikkei
Tuesday, 24 May 2016 01:51pm EDT 

Nikkei:Zensho Holdings' beef bowl business likely to earn operating profit of nearly 9 bln yen ($81.8 mln) for fiscal year ending in March 2017 - Nikkei.  Full Article

Zensho likely earned group net profit of 4 bln yen for year ended in March - Nikkei
Wednesday, 11 May 2016 01:35pm EDT 

Nikkei: Zensho Holdings likely earned a group net profit of 4 billion yen ($36.8 million) for the year ended in March - Nikkei . Zensho's improved margin seen roughly quintupling operating profit for year ended in March to around 12 bln yen as planned - Nikkei .Zensho's sales for year ended in March likely rose roughly 3% to just over 520 billion yen, short of the projected 546.7 billion yen - Nikkei.  Full Article

Zensho Holdings to fully acquire unit via stock swap
Tuesday, 9 Feb 2016 01:00am EST 

Zensho Holdings Co Ltd:To fully acquire its Tokyo-based 54.96 pct owned unit (target company) through stock swap, with effective on March 17.One share of target company's stock will be exchanged with 0.035 share of the co's stock.1,040,445 shares of the co's stock will be exchanged.To hold a 100 pct stake in target company after the transaction.  Full Article

Zensho Holdings to dissolve America-based wholly owned subsidiary
Thursday, 19 Mar 2015 02:30am EDT 

Zensho Holdings Co Ltd:To dissolve wholly owned subsidiary, Zensho America Corporation, which is engaged in the North America related business in America.Liquidation will be completed in May 2015.  Full Article

Zensho Holdings raises consolidated full-year outlook for FY 2015
Tuesday, 17 Mar 2015 02:00am EDT 

Zensho Holdings Co Ltd:Says the company increased the consolidated full-year outlook for revenue to 511,306 million yen from 509,291 million yen for the fiscal year ending March 31, 2015.Operating profit forecast increased to 2,665 million yen from a loss of 1,774 million yen.Ordinary profit forecast increased to 2,377 million yen from a loss of 2,411 million yen.Net profit forecast decreased to a loss of 10,290 million yen from a loss of 7,534 million yen.Earnings per share decreased to a loss of 70.48 yen from a loss of 50.71 yen.FY 2015 revenues of 511.90 billion yen, net profit of a loss of 6.40 billion yen – Thomson Reuters I/B/E/S.Comments that increased sales of stores during night shift, as well as the recording of 14.6 bln yen loss on sales of subsidiary's shares as extraordinary loss are the main reasons for the forecast.  Full Article

Zensho Holdings to sell shares of sub-subsidiary and expects extraordinary loss for FY 2015
Tuesday, 17 Mar 2015 02:00am EDT 

Zensho Holdings Co Ltd:Wholly owned subsidiary Zensho America Corporation to sell 10,000 shares of wholly owned sub-subsidiary Catalina Restaurant Group Inc., which is engaged in the operation of family dining restaurant in America, to Alamo CRG, LLC for $10.Effective date March 31.After the transaction, Zensho America Corporation will hold no stake in Catalina Restaurant Group Inc., down from 100 pct.Expects to record 14.6 bln yen loss on sales of sub-subsidiary's shares as extraordinary loss for the fiscal year ending March 2015.  Full Article

Zensho Holdings Co Ltd lowers consolidated mid-year and full year outlook for FY 2015, cancels year-end dividend for FY 2015 and expects extraordinary loss for FY 2015
Monday, 10 Nov 2014 02:30am EST 

Zensho Holdings Co Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 251,587 million yen from 254,312 million yen for FY ending March 2015.Sees a decrease of operating profit forecast to 1,172 million yen from 1,881 million yen.Sees a decrease of ordinary profit forecast to 1,070 million yen from 1,246 million yen.Sees a decrease of net profit forecast to a loss of 2,231 million yen from a loss of 1,962 million yen.Sees a decrease of earnings per share to a loss of 15.02 yen from a loss of 13.21 yen.Says the company lowered the consolidated full-year outlook for revenue to 509,291 million yen from 525,068 million yen for FY ending March 2015.Sees a decrease of operating profit forecast to a loss of 1,774 million yen from 8,055 million yen.Sees a decrease of ordinary profit forecast to a loss of 2,411 million yen from 6,811 million yen.Sees a decrease of net profit forecast to a loss of 7,534 million yen from a loss of 1,370 million yen.Sees a decrease of earnings per share to a loss of 50.71 yen from a loss of 9.22 yen.FY 2015 revenues of 526.40 billion yen, net income of a loss of 0.13 billion yen – Thomson Reuters I/B/E/S.Comments the decreased income and rising price of food material are the main reasons for the forecast.Resolved to cancel the year-end dividend for FY ending March 2015.Says it expects an extraordinary loss of 1,436 million yen for FY ending March 2015.Says the loss is recorded for the impairment loss and loss on retirement.  Full Article

Zensho Holdings Co Ltd lowers consolidated mid-year outlook for FY 2015
Wednesday, 6 Aug 2014 03:00am EDT 

Zensho Holdings Co Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 254,312 million yen from 262,177 million yen for FY ending March 2015.Sees a decrease of operating profit forecast to 1,881 million yen from 6,352 million yen.Sees a decrease of ordinary profit forecast to 1,246 million yen from 5,704 million yen.Sees a decrease of net profit forecast to a loss of 1,962 million yen from 1,479 million yen.Sees a decrease of earnings per share to a loss of 13.21 yen from 9.96 yen.Comments the temporary cessation of restaurant chains Sukiya and cost increase are the main reasons for the forecast.  Full Article

Zensho Holdings Co Ltd subsidiary completes acquisition of company
Wednesday, 6 Aug 2014 03:00am EDT 

Zensho Holdings Co Ltd:Says wholly owned subsidiary, engaged in food retailing business, completed acquisition of company OWARIYA, engaged in operation of food supermarket, on Aug. 6.  Full Article

Zensho Holdings Co Ltd lowers consolidated full-year outlook for FY 2015
Wednesday, 6 Aug 2014 03:00am EDT 

Zensho Holdings Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 38,020 million yen from 38,894 million yen for FY ending March 2015.Sees a decrease of operating profit forecast to 1,135 million yen from 1,299 million yen.Sees a decrease of ordinary profit forecast to 1,752 million yen from 2,004 million yen.Sees a decrease of net profit forecast to 1,363 million yen from 1,599 million yen.Sees a decrease of earnings per share to 75.71 yen from 88.85 yen.FY 2015 revenues of billion yen, reported net profit of billion yen – Thomson Reuters I/B/E/S.Comments the XXXX are the main reasons for the forecast.  Full Article

BRIEF-Zensho Holdings' beef bowl unit likely to earn operating profit of nearly 9 bln yen for FY ending in March 2017 - Nikkei

* Zensho Holdings' beef bowl business likely to earn operating profit of nearly 9 bln yen ($81.8 mln) for fiscal year ending in March 2017 - Nikkei Source text (http://s.nikkei.com/27Rr732) Further company coverage: