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Descente Ltd (8114.T)

8114.T on Tokyo Stock Exchange

1,366JPY
29 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Descente plans spin-off Japan-based business to newly established unit
Wednesday, 31 Aug 2016 02:00am EDT 

Descente Ltd <8114.T> : Says it plans to set up a wholly owned subsidiary Descente Japan Ltd in Osaka, as successor preparatory company in mid-Sep. .Says it plans to transfer its Japan-based business to the newly established unit, effective on April 1, 2017.  Full Article

Descente to spend $93 mln for research and development in Japan,South Korea-Nikkei<8114.T>
Tuesday, 7 Jun 2016 04:00pm EDT 

Nikkei: Descente Ltd to spend $93 million for research and development in Japan and South Korea, aims to lift total sales by 50 percent to 200 billion yen in 2020- Nikkei .  Full Article

Desente to transfer most of domestic business to newly established preparatory firm
Monday, 9 May 2016 10:25pm EDT 

Desente Ltd <8114.T>: Says it will set up a wholly owned preparatory company to take over part of Desente's business via corporate splits .Says the preparatory company to be set up in mid September and corporate splits effective April 1, 2017.  Full Article

DESCENTE says to name new chairman
Thursday, 31 Mar 2016 02:00am EDT 

DESCENTE LTD:Chairman Nobuo Kuwayama to be replaced by Ichiro Nakamura in June.  Full Article

DESCENTE to set up JV in China
Monday, 22 Feb 2016 11:30pm EST 

DESCENTE LTD:To set up a JV in China via its Korea-based unit, jointly with ANTA SPORTS PRODUCTS LIMITED' unit and ITS (a Shanghai-based firm engaged in manufacture and sale of fibers products).Says new JV to be engaged in import, manufacture and sale of products with brand of DESCENTE.  Full Article

DESCENTE raises consolidated full-year net profit outlook for FY 2016
Wednesday, 28 Oct 2015 09:40pm EDT 

DESCENTE LTD:Says the company reaffirmed the consolidated mid-year outlook for revenue at 138,000 mln yen for the fiscal year ending March 2016.Operating profit forecast increased to 10,500 mln yen from 10,000 mln yen.Ordinary profit forecast increased to 11,000 mln yen from 10,500 mln yen.Net profit forecast increased to 7,600 mln yen from 7,300 mln yen.Earnings per share increased to 100.88 yen from 96.89 yen.Says profit outlook raised due to the improved performance in Asia market, increased gross profit margin, yen devaluation.  Full Article

DESCENTE announces acquisition of group company
Wednesday, 5 Aug 2015 04:00am EDT 

DESCENTE LTD:Says it has acquired 80 pct stake in a group company, Inoveight Limited and Inov-8 Inc. included on Aug. 4.  Full Article

DESCENTE to issue year-end dividend for FY 2015
Tuesday, 12 May 2015 12:00am EDT 

DESCENTE LTD:To issue a year-end dividend of 15 yen per share (common dividend of 12 yen per share and bonus dividend of 3 yen per share) to all the shareholders of record as of March 31, for FY ended March 2015.Payment date June 19.Says latest dividend forecast was 12 yen per share.  Full Article

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