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Colowide Co Ltd (7616.T)

7616.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Kappa Create changes president
Monday, 27 Feb 2017 12:03am EST 

Kappa Create Co Ltd <7421.T> :Says it appoints Kenichi Ohno as new president to replace Yutaka Yomoda, effective on April 1.  Full Article

Colowide unit to set up new holding unit in US
Friday, 25 Nov 2016 03:37am EST 

Colowide Co Ltd <7616.T>: Says its unit plans to set up new unit in the U.S., named AME-GYU CO., Ltd., to hold shares of target companies and to undertake the operation management . Says the new unit to be capitalized at $40 million .Says related release disclosed on Nov. 25.  Full Article

Colowide subsidiary to fully acquire Reins International (USA) Co Ltd for $87 mln
Friday, 25 Nov 2016 01:31am EST 

Colowide Co Ltd <7616.T>: Says its subsidiary, REINS international inc., will purchase 13,500,000 shares of Reins International (USA) Co Ltd, which has been engaged in the operation of barbecue restaurant in North America . Says transaction amount will be $87 million . Effective date Dec. 16 .Says REINS international will hold 100 percent stake in Reins International (USA), up from 0.  Full Article

Colowide unit to fully buy burger chain firm
Thursday, 13 Oct 2016 09:43pm EDT 

Colowide Co Ltd <7616.T>: Says its unit plans to buy 100 percent stake in a Tokyo-based burger chain firm from FRESHNESS, CO., LTD(the co's name to be changed on Nov. 1) . Says the acquisition price is not disclosed .Says the acquisition effective on Dec. 1.  Full Article

Colowide Co Ltd to acquire hamburger chain 'Freshness'- Nikkei
Thursday, 13 Oct 2016 01:02pm EDT 

Colowide Co Ltd : Colowide Co Ltd's deal to acquire hamburger chain 'Freshness' would close Dec 1 - nikkei . Colowide Co Ltd plans to acquire hamburger chain 'freshness'- nikkei .Colowide Co Ltd intends to purchase all outstanding shares in Freshness from Unimat group through subsidiary Reins International - nikkei.  Full Article

Colowide lowers consolidated full-year outlook for FY 2016
Wednesday, 27 Apr 2016 03:00am EDT 

Colowide Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 234,138 million yen from 248,817 million yen for the fiscal year ended March 31, 2016.Sees a decrease of operating profit forecast to 6,354 million yen from 7,881 million yen.Sees a decrease of ordinary profit forecast to 5,051 million yen from 6,050 million yen.Sees a decrease of net profit forecast to 330 million yen from 706 million yen.Sees a decrease of earnings per share to 1.59 yen from 6.60 yen.Comments that the recording of impairment loss as extraordinary loss is the main reason for the forecast.  Full Article

Colowide to sell shares of Atom
Tuesday, 1 Sep 2015 03:00am EDT 

Colowide Co Ltd:To sell 31,000,000 shares of subsidiary Atom.Price not determined.  Full Article

Colowide announces application of IFRS
Thursday, 30 Apr 2015 02:00am EDT 

Colowide Co Ltd:To apply International Financial Reporting Standards (IFRS) as the new accounting method, starting from the Q1 financial report for fiscal year ending March 2017.  Full Article

Colowide expects extraordinary loss and lowers consolidated full-year revenue outlook for FY 2015
Tuesday, 28 Apr 2015 03:00am EDT 

Colowide Co Ltd:Expects to record 746 million yen impairment loss as extraordinary loss for the fiscal year ended March 31, 2015.Says the company lowered the consolidated full-year outlook for revenue to 177,573 million yen from 178,187 million yen for the fiscal year ended March 31, 2015.Sees a decrease of operating profit forecast to 5,344 million yen from 6,752 million yen.Sees a decrease of ordinary profit forecast to 3,791 million yen from 4,765 million yen.Sees an increase of net profit forecast to 1,391 million yen from 601 million yen.Sees an increase of earnings per share to 15.70 yen from 5.17 yen.Comments that loss on store closure, increased price of food material, as well as the recording of gain on sales of affiliated company's shares are the main reasons for the forecast.  Full Article

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BRIEF-Colowide unit to set up new holding unit in US

* Says its unit plans to set up new unit in the U.S., named AME-GYU CO., Ltd., to hold shares of target companies and to undertake the operation management