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Laox Co Ltd (8202.T)

8202.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Laox units to takeover businesses for totally 770 mln yen
Friday, 19 Aug 2016 05:55am EDT 

Laox Co Ltd <8202.T>: Says its unit MODE ET JACOMO to takeover business of planning and wholesale of women's shoes from SHIN-EI Corporation, for 380 million yen . Says its another Tokyo-based unit to takeover business of manufacturing and sales of footwear from SHIKO GROUP, for 390 million yen .Says transactions will effective on Aug. 31.  Full Article

Laox updates completes share repurchase
Friday, 1 Jul 2016 02:00am EDT 

Laox Co Ltd <8202.T>: Says it completed repurchase of 15.2 million shares of its common stock . Says shares repurchased is at 2.00 billion yen in total .Share repurchase period from Feb. 18 to June 30.  Full Article

Laox employees summary indicts by Osaka District Public Prosecutors Office
Tuesday, 22 Mar 2016 04:30am EDT 

Laox Co Ltd:Says its two employees in Osaka store was summary indicted by Osaka District Public Prosecutors Office for suspicion of promotion of illegal part-time job of foreign students.  Full Article

Laox forms joint venture with China-based company
Wednesday, 24 Feb 2016 01:00am EST 

Laox Co Ltd:Forms a joint venture with China-based company on Feb. 19.The joint venture, GREENLAND AND LAOX INVESTMENT LIMITED, is engaged in the real estate investment and operation in Hong Kong, China.GREENLAND AND LAOX INVESTMENT LIMITED is capitalized at HK$ 1,000,000 in all.Laox holds 35 pct stake, and the China-based company holds 65 pct stake in GREENLAND AND LAOX INVESTMENT LIMITED, respectively.  Full Article

Laox plans to repurchase shares
Thursday, 18 Feb 2016 12:00am EST 

Laox Co Ltd:To repurchase up to 25,000,000 shares, representing 3.7 pct of outstanding.Says share repurchase up to 3,000,000,000 yen in total.Says repurchase period from Feb. 18 to June 30.  Full Article

Laox to set up new unit in Taiwan
Monday, 25 Jan 2016 01:00am EST 

Laox Co Ltd:To set up a new unit in Taiwan in February.Unit to be engaged in wholesale with capital of 1 bln yen.  Full Article

Laox to set up JV with Greenland Holding Group Company Limited
Friday, 25 Dec 2015 03:35am EST 

Laox Co Ltd:To set up JV with Greenland Holding Group Company Limited, for acquisition and operation of Chiba-based square.To hold 35 pct stake in the JV, with capital of 9,342,698,000 yen.  Full Article

Laox updates establishment of joint venture with ONWARD HOLDINGS
Tuesday, 1 Sep 2015 02:00am EDT 

Laox Co Ltd:To establish a joint venture in Tokyo, with ONWARD HOLDINGS, on Sep. 1.Latest announcement disclosed on June 22.  Full Article

Laox raises consolidated full-year outlook for FY 2015
Thursday, 13 Aug 2015 03:00am EDT 

Laox Co Ltd:Says the company increased the consolidated full-year outlook for revenue to 90,000 mln yen from 70,000 mln yen, for the fiscal year ending Dec. 31, 2015.Operating profit forecast increased to 70,000 mln yen from 4,550 mln yen.Ordinary profit forecast increased to 9,000 mln yen from 4,550 mln yen.Net profit forecast increased to 8,300 mln yen from 4,200 mln yen.Earnings per share increased to 13.13 yen from 7.71 yen.Comments the improvement in performance of stores in Japan is the main reason for the forecast.  Full Article

Laox to establish joint venture with ONWARD HOLDINGS
Monday, 22 Jun 2015 02:00am EDT 

Laox Co Ltd:To establish a Tokyo-based joint venture, with ONWARD HOLDINGS Co., Ltd. on Sep. 1.The joint venture will be engaged in design, manufacture and sale of clothing goods.Says the company and ONWARD HOLDINGS Co., Ltd. will hold a 49 pct stake and a 51 pct stake in the Tokyo-based joint venture respectively.  Full Article

More From Around the Web

BRIEF-Laox's sales apparently fell 40 pct in the Jan-Sept period - Nikkei

* Laox's operating profit likely plunged about 90% on the year to 500 million yen ($4.69 million)in the January-September period - Nikkei