Key Developments: Sinanen Co Ltd (8132.T)

8132.T on Tokyo Stock Exchange

443JPY
19 Dec 2014
Price Change (% chg)

¥5 (+1.14%)
Prev Close
¥438
Open
¥442
Day's High
¥443
Day's Low
¥440
Volume
40,000
Avg. Vol
49,852
52-wk High
¥454
52-wk Low
¥372

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Latest Key Developments (Source: Significant Developments)

Sinanen Co Ltd announces reorganization
Monday, 15 Dec 2014 11:00pm EST 

Sinanen Co Ltd:Announced scheme of transfer to holding structure.To transfer BtoC business to three wholly owned subsidiaries planned on April 1, 2015 and to transfer bicycle import and sales business to a wholly owned subsidiaries planned on April 1, 2015.And to transfer BtoB business planned on Oct. 1, 2015 to a new wholly owned subsidiary that to be established on early April 2015.To change company name on Oct. 1, 2015.A Saitama-based wholly owned subsidiary to merge with four wholly owned subsidiaries planned on April 1, 2015, and the Saitama-based wholly owned subsidiary to be survival company and other four subsidiaries to be dissolved after transaction.A Miyagi-based wholly owned subsidiary to merge with two wholly owned subsidiaries and a wholly owned sub-subsidiary planned on April 1, 2015, and the Miyagi-based wholly owned subsidiary to be survival company and other two subsidiaries and sub-subsidiary to be dissolved after transaction.An Osaka-based wholly owned subsidiary to merge with four wholly owned subsidiaries planned on April 1, 2015, and the Osaka-based wholly owned subsidiary to be survival company and other four subsidiaries to be dissolved after transaction.  Full Article

Sinanen Co Ltd announces transition to holding company structure
Tuesday, 21 Oct 2014 01:00am EDT 

Sinanen Co Ltd:To restructure the company into a holding company, effective Oct. 1, 2015.  Full Article

Sinanen revises full-year consolidated outlook for FY 2014
Wednesday, 30 Apr 2014 02:00am EDT 

Sinanen Co Ltd:Full-year consolidated outlook for revenue of 310,100 mln yen raised from 280,000 mln yen, for fiscal year ended March 31, 2014.Full-year operating profit outlook of 1,680 mln yen lowered from 2,500 mln yen.Full-year ordinary profit outlook of 2,510 mln yen lowered from 3,000 mln yen.Full-year net profit outlook of 630 mln yen lowered from 1,500 mln yen.Full-year earnings per share outlook of 9.86 yen lowered from 23.53 yen.Revenue outlook raised due to increase in sales volume of kerosene and liquefied petroleum (LP) gas, and profit outlook lowered due to price competition and extraordinary losses on disposal of fixed assets and others.  Full Article

Sinanen to acquire stake in MORITA HOLDINGS CORP subsidiary MIYATA CYCLE
Thursday, 20 Mar 2014 02:00am EDT 

MORITA HOLDINGS CORP:To decrease stake in subsidiary MIYATA CYCLE to 25 pct (500 shares) from 70 pct (1,400 shares).To transfer 20 pct stake to SINANEN on March 24.To transfer 15 pct stake to Merida Industry, which is holding a 30 pct stake in MIYATA CYCLE on March 27.To transfer 10 pct stake to MIYATA CYCLE on March 24.Says MIYATA CYCLE will not be subsidiary after transaction.  Full Article

Sinanen Co Ltd Lowers Consolidated Full-year Outlook for FY 2013
Wednesday, 17 Apr 2013 02:00am EDT 

Sinanen Co Ltd announced that it has lowered its consolidated full-year outlook for revenue from JPY 280,000 million to JPY 275,000 million, operating profit from JPY 3,500 million to JPY 2,340 million, ordinary profit from JPY 4,000 million to JPY 3,020 million, net profit from JPY 2,000 million to JPY 1,160 million and earning per share from JPY 31.49 to JPY 18.27 , for the fiscal year ended March 2013. The Company lowered the outlook due to the increased sales and the record of extraordinary losses, among others.  Full Article

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