Key Developments: Shofu Inc (7979.T)

7979.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

SHOFU INC Announces Restructuring of Subsidiaries
Wednesday, 23 Jan 2013 02:30am EST 

SHOFU INC announced that its Saitama-based wholly owned subsidiary, which engages in the manufacturing and sale of precision instrument and nail related products, will transfer its dental related business to the Company's another wholly owned subsidiary SHOKEN Inc., effective March 1, 2013. At the same time, the Company's another wholly owned subsidiary, Nail Labo Inc., will merge with the Saitama-based subsidiary, effective March 1, 2013. And after the merger, the Saitama-based subsidiary will be dissolved.  Full Article

R&I Affirms Shofu Inc.'s Rating at "BBB"; Rating Outlook Stable
Thursday, 27 Dec 2012 01:01am EST 

Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Shofu Inc. at "BBB". The rating outlook is stable.  Full Article

SHOFU INC to Establish Singapore-based Subsidiary
Wednesday, 12 Dec 2012 01:00am EST 

SHOFU INC announced that it has decided to establish a Singapore-based wholly owned subsidiary SHOFU Dental ASIA-Pacific Pte.Ltd., which will be engaged in the sale of dental materials and dental tools, effective April 1, 2013. The subsidiary will be capitalized at JPY 250 million.  Full Article

SHOFU INC Lowers Consolidated Mid-year and Full-year Outlook for FY Ending March 31, 2013; Reaffirms Year-end Dividend Outlook for FY Ending March 2013
Thursday, 25 Oct 2012 02:30am EDT 

SHOFU INC announced that it has lowered its consolidated mid-year outlook for revenue from JPY 8,233 million to JPY 7,754 million, operating profit from JPY 330 million to JPY 157 million, ordinary profit from JPY 273 million to JPY 100 million, net profit (loss) from JPY 122 million to JPY (137 million) and earning per share (loss) from JPY 7.61 to JPY (8.56) for the fiscal year ending March 31, 2013. The Company also lowered its consolidated full-year outlook for revenue from JPY 16,677 million to JPY 16,058 million, operating profit from JPY 949 million to JPY 791 million, ordinary profit from JPY 825 million to JPY 690 million, net profit from JPY 511 million to JPY 195 million and earning per share from JPY 31.80 to JPY 12.19 for the same fiscal year. The Company also reaffirmed its year-end dividend outlook of JPY 19 per share, for the same fiscal year.  Full Article

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