Key Developments: Shofu Inc (7979.T)

7979.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SHOFU to fully acquire Merz Dental GmbH
Thursday, 5 Feb 2015 06:30pm EST 

SHOFU INC:To acquire 1 share (100 pct voting rights) of Germany-based company Merz Dental GmbH, from Germany-based company Merz Pharma GmbH & Co. KGaA.Transaction amount 16,454,000 euro or about 2,221 mln yen (including advisory cost).Planned effective March 31.  Full Article

SHOFU subsidiary establishes joint venture
Monday, 5 Jan 2015 01:00am EST 

SHOFU INC:Subsidiary established joint venture in Taiwan, with a Taiwan-based company on Dec. 16, 2014.The joint venture has been engaged in sale and import and export of nail care supplies and equipment in Taiwan.Says subsidiary holds a 70 pct stake and the Taiwan-based company holds a 30 pct stake in the joint venture respectively.  Full Article

R&I affirms SHOFU INC's rating at "BBB" and announces stable outlook
Wednesday, 24 Dec 2014 01:00am EST 

SHOFU INC:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "BBB".Rating outlook stable.  Full Article

SHOFU INC raises consolidated mid-year and full-year outlook for FY 2015
Wednesday, 29 Oct 2014 02:30am EDT 

SHOFU INC:Says the company increased the consolidated mid-year outlook for revenue to 9,817 million yen from 9,177 million yen for the fiscal year ending March 31, 2015.Mid-year operating profit forecast increased to 951 million yen from 389 million yen.Mid-year ordinary profit forecast increased to 899 million yen from 316 million yen.Mid-year net profit forecast increased to 636 million yen from 149 million yen.Mid-year earnings per share increased to 39.92 yen from 9.36 yen.Says the company increased the consolidated full-year outlook for revenue to 19,667 million yen from 18,838 million yen for the fiscal year ending March 31, 2015.Full-year operating profit forecast increased to 1,410 million yen from 1,048 million yen.Full-year ordinary profit forecast increased to 1,339 million yen from 925 million yen.Full-year net profit forecast increased to 944 million yen from 565 million yen.Full-year earnings per share increased to 59.21 yen from 35.46 yen.Comments that increased sales of dental business and overseas business is the main reason for the forecast.  Full Article

SHOFU raises full-year consolidated outlook for FY 2014
Wednesday, 30 Apr 2014 03:30am EDT 

SHOFU INC:Raised full-year consolidated outlook for fiscal year ended March 31, 2014.Full-year revenue outlook of 18,258 mln yen raised from 17,694 mln yen.Full-year operating profit outlook of 987 mln yen raised from 725 mln yen.Full-year ordinary profit outlook of 978 mln yen raised from 661 mln yen.Full-year net profit outlook of 506 mln yen raised from 383 mln yen.Full-year earnings per share outlook of 31.77 yen raised from 24.08 yen.Outlook raised due to new product of dental business and foreign exchange gain, as well as sales promotion of nail business.  Full Article

R&I affirms SHOFU INC's rating at "BBB" and rating outlook stable
Friday, 29 Nov 2013 01:00am EST 

SHOFU INC:Rating has been affirmed by Rating and Investment Information, Inc. (R&I) at "BBB".Rating outlook is stable.  Full Article

SHOFU INC Raises Consolidated Mid-year and Full-year Outlook for FY 2014
Monday, 28 Oct 2013 02:30am EDT 

SHOFU INC announced that it has raised consolidated mid-year outlook for revenue from JPY 8,454 million to JPY 8,639 million, operating profit from JPY 239 million to JPY 403 million, ordinary profit from JPY 167 million to JPY 414 million, net profit from JPY 61 million to JPY 226 million, earnings per share from JPY 3.85 to JPY 14.19 for the fiscal year ending March 2014. SHOFU INC also announced that it has raised consolidated full-year outlook for revenue from JPY 17,168 million to JPY 17,694 million, operating profit from JPY 715 million to JPY 725 million, ordinary profit from JPY 570 million to JPY 661 million, net profit from JPY 340 million to JPY 383 million, earnings per share from JPY 21.39 to JPY 24.08 for the fiscal year ending March 2014. The positive outlook is mainly due to increase of sales and positive impact of lowered exchange rate.  Full Article

SHOFU INC to Establish New Factory
Wednesday, 25 Sep 2013 02:00am EDT 

SHOFU INC announced that it has decided to establish a new factory in Kyoto. A subsidiary will move there and be engaged in manufacturing and sales of dental products.  Full Article

SHOFU INC Expects Extraordinary Loss for FY 2013; Amends Consolidated Full-year Forecast for FY 2013
Thursday, 2 May 2013 02:30am EDT 

SHOFU INC announced that it expects JPY 267 million extraordinary loss on impairment of inventories for the fiscal year ended March 31, 2013. The Company has raised the consolidated full-year forecast for revenue from JPY 16,058 million to JPY 16,385 million, operating profit from JPY 791 million to JPY 872 million, ordinary profit from JPY 690 million to JPY 749 million, but lowered the forecast for net profit from JPY 195 million to JPY 30 million and earning per share from JPY 12.19 to JPY 1.87 for the fiscal year ended March 31, 2013. The Company amended the consolidated full-year forecast due to decreasing of yen and record of extraordinary loss.  Full Article

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