Key Developments: Noritsu Koki Co Ltd (7744.OS)
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Latest Key Developments (Source: Significant Developments)
Noritsu Koki Co Ltd Announces Year-end Dividend Payment for 2013
Noritsu Koki Co Ltd announced that it has decided to pay a year-end dividend of JPY 4.00 per share, above the last forecast of JPY 3.00 per share, to all shareholders of record as of March 31, 2013, for the fiscal year ended March 31, 2013. The payment will be conducted on June 28, 2013. Full Article
Noritsu Koki Co Ltd's Subsidiary to Acquire Shares in Japan-based Companies from OLYMPUS Business Creation Corporation
Noritsu Koki Co Ltd announced that its Tokyo-based wholly owned subsidiary will acquire shares in six Japan-based companies, including Japan Medical Data Center Co.,Ltd. (a 100% stake), FEED Corporation (a 100% stake), Ai-medic Co., Ltd. (a 100% stake) and Cable Networks AKITA (a 50% stake), for JPY 6,000 million in total from OLYMPUS Business Creation Corporation on May 2, 2013. Japan Medical Data Center is engaged in medical statistics data service business, FEED Corporation is engaged in dental material, medical equipment and drug businesses, Ai-medic is engaged in orthopedic surgery equipment business and Cable Networks AKITA is engaged in television broadcasting and electrical communications business. Full Article
Noritsu Koki Co Ltd Announces Uncollectable Receivables; Announces Extraordinary Losses and Amends Consolidated Full-year Outlook for FY 2013
Noritsu Koki Co Ltd announced its concern of JPY 787 million uncollectable receivables from a Tokyo-based company, which mainly engages in the energy consulting business and other energy related business. This is because the Tokyo-based company has received approval for start of bankruptcy procedures from the Tokyo District Court on March 15, 2013. Following this, the Company will record a JPY 410 million extraordinary loss on the provision for bad debts, a JPY 280 million extraordinary loss on the revaluation of investment securities as well as a JPY 97 million extraordinary loss on the revaluation of inventory assets, for the fiscal year ending March 2013. In addition, the Company has affirmed its consolidated full-year outlook for revenue of JPY 27,000 million, but lowered the outlook for operating profit from JPY 750 million to JPY 600 million, net profit from JPY 700 million to JPY 350 million and earning per share from JPY 19.66 to JPY 9.83, but raised the outlook for ordinary profit from JPY 700 million to JPY 950 million, for the fiscal year ending March 2013. Full Article
Noritsu Koki Co Ltd Amends Full-year Consolidated Outlook for FY Ending March 31, 2013
Noritsu Koki Co Ltd announced that it has reaffirmed its full-year consolidated outlook for operating profit of JPY 750 million, raised its full-year consolidated outlook for revenue from JPY 21,000 million to JPY 27,000 million, ordinary profit from JPY 550 million to JPY 700 million, net profit from JPY 230 million to JPY 700 million and earnings per share from JPY 6.46 to JPY 19.66 for the fiscal year ending March 31, 2013. The Company lowered its full-year outlook mainly due to low value of Japanese Yen. Full Article
Noritsu Koki Co Ltd's Subsidiary to Acquire Japan-based Company
Noritsu Koki Co Ltd announced that its wholly owned subsidiary, NK RELATIONS Co., Ltd., have decided to acquire 400 shares (a 100% stake) in Zenkokutsuhan Co., Ltd., effective December 28, 2012. The acquisition price will be disclosed once decided. Along with the transaction, NK RELATIONS Co., Ltd. will also be acquiring Zenkokutsuhan Co., Ltd.'s seven subsidiaries and sub-subsidiaries. After this, Zenkokutsuhan Co., Ltd. will become a wholly owned subsidiary of NK RELATIONS Co., Ltd. Full Article
Noritsu Koki Co Ltd Amends Mid-year Consolidated Outlook for FY Ending March 31, 2013
Noritsu Koki Co Ltd announced that it has lowered its mid-year consolidated outlook for revenue from JPY 10,100 million to JPY 9,461 million, operating profit (loss) from JPY 190 million to JPY (129 million), ordinary profit (loss) from JPY 60 million to JPY (285 million), but raised its mid-year consolidated outlook for net profit (loss) from JPY (90 million) to JPY 76 million and earnings (loss) per share from JPY (2.53) to JPY 2.14 for the fiscal year ending March 31, 2013. The Company lowered its mid-year outlook for revenue, operating profit and ordinary profit mainly due to decreased sales and raised net profit mainly due to recorded adjustment income from corporate taxes. Full Article
Noritsu Koki Co Ltd's Subsidiary to Acquire IKIIKI CO., LTD.
Noritsu Koki Co Ltd announced that its Tokyo-based wholly owned subsidiary will acquire 20,001 shares of IKIIKI CO., LTD., which engages in the publishing business and mail order business, among others, effective September 7, 2012. As a result, the subsidiary of the Company will hold a 100% stake in IKIIKI, up from 0%. Full Article
Noritsu Koki Co., Ltd. Amends Year-end Dividend Forecast for FY 2012
Noritsu Koki Co., Ltd. announced that it has amended the year-end dividend forecast from an undetermined value, disclosed on August 4, 2011, to JPY 3 per share, for the fiscal year ending March 2012. Full Article
Noritsu Koki Co., Ltd.'s Subsidiary Forms Business Alliance with biomarker science
Noritsu Koki Co., Ltd. announced that its subsidiary has formed a business alliance with biomarker science. The first step of the business alliance is that the subsidiary will join the anti-aging dock support business. Full Article
Noritsu Koki Co., Ltd. Amends Consolidated Mid-year and Full-year Outlook for FY 2012
Noritsu Koki Co., Ltd. announced that it has lowered its consolidated mid-year outlook for revenue from JPY 9,600 million to JPY 9,479 million, ordinary profit from a loss of JPY 70 million to a loss of JPY 649 million, net profit from a loss of JPY 230 million to a loss of JPY 791 million and earning per share from a loss of JPY 6.46 to a loss of JPY 22.24, but raised the outlook for operating profit from JPY 10 million to JPY 366 million, for the fiscal year ending March 2012. In addition, the Company has maintained its consolidated full-year outlook for revenue of JPY 20,000 million and operating profit of JPY 650 million, but lowered the outlook for ordinary profit from JPY 450 million to a loss of JPY 550 million, net profit from JPY 50 million to a loss of JPY 950 million and earning per share from JPY 1.40 to a loss of JPY 26.67, for the fiscal year ending March 2012. The Company raised the mid-year operating profit due to the cost reduction, and lowered the outlook due to the record of exchange loss, among others. Full Article
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