Key Developments: Sanyo Shokai Ltd (8011.T)

8011.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SANYO SHOKAI LTD raises consolidated full-year outlook for FY 2014
Wednesday, 30 Jul 2014 10:00pm EDT 

SANYO SHOKAI LTD:Says the company increased the consolidated full-year outlook for revenue to 109,300 million yen from 107,000 million yen for FY ending Dec. 2014.Operating profit forecast increased to 8,700 million yen from 7,200 million yen.Ordinary profit forecast increased to 8,900 million yen from 7,500 million yen.Net profit forecast increased to 5,500 million yen from 4,200 million yen.Earnings per share increased to 43.75 yen from 33.41 yen.FY 2014 revenues of 107.6 billion yen, reported net profit of 2.7 billion yen – Thomson Reuters I/B/E/S.Comments the sales increase and sales and general administrative expenses decrease are the main reasons for the forecast.  Full Article

SANYO SHOKAI LTD to Sell Property; Announces Extraordinary Profit for FY 2013
Tuesday, 30 Jul 2013 10:00pm EDT 

SANYO SHOKAI LTD announced that it will sell a Tokyo-located property for JPY 14,000 million to an Osaka-based company. The transaction will be conducted at the end of December 2013. As a result, the Company will record a JPY 2,600 million extraordinary profit on the selling of the fixed assets, for the fiscal year ending December 2013.  Full Article

SANYO SHOKAI LTD Amends Consolidated Full-year Outlook for FY 2013
Tuesday, 30 Jul 2013 10:00pm EDT 

SANYO SHOKAI LTD announced that it has affirmed the consolidated full-year outlook for revenue of JPY 108,000 million, operating profit of JPY 6,400 million and ordinary profit of JPY 6,500 million, but raised the outlook for net profit from JPY 1,700 million to JPY 3,000 million and earning per share from JPY 13.52 to JPY 23.86, for the fiscal year ending December 2013. The Company raised the net profit outlook due to the cost reduction and the record of JPY 2,600 million extraordinary profit on selling of fixed assets.  Full Article

SANYO SHOKAI LTD Announces Outcome of Early Retirement Program; Expects Extraordinary Loss for Q2 of FY 2013
Sunday, 12 May 2013 10:00pm EDT 

SANYO SHOKAI LTD announced that 270 of its employees took up the offer of an early retirement program announced on January 25, 2013. Those employees will retire on June 30, 2013. The Company is expecting an extraordinary loss of approximately JPY 3.1 billion due to this development, for the second quarter of fiscal year ending December 2013.  Full Article

SANYO SHOKAI LTD Announces Retirement of Chairman
Friday, 25 Jan 2013 01:00am EST 

SANYO SHOKAI LTD announced that Masamichi Nakase will retire from the position of Chairman of the Board of the Company, effective March 28, 2013.  Full Article

SANYO SHOKAI LTD to Offer Early-retirement Program
Friday, 25 Jan 2013 01:00am EST 

SANYO SHOKAI LTD announced that it plans to offer an early-retirement program to its employees. The early-retirement program, which will be offered during the period from April 15, 2013 to April 26, 2013, will include severance pay and outplacement support. The Company expects approximately 230 employees to take up the offer.  Full Article

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