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Marumitsu Co Ltd (8256.T)

8256.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

MARUMITSU lowers consolidated full-year outlook for FY 2016
Tuesday, 2 Feb 2016 01:00am EST 

MARUMITSU CO LTD:Says the company lowered the consolidated full-year outlook for revenue to 11,580 million yen from 13,890 million yen for the fiscal year ending March 20, 2016.Sees a decrease of operating profit forecast to a loss of 360 million yen from 200 million yen.Sees a decrease of ordinary profit forecast to a loss of 500 million yen from 65 million yen.Sees a decrease of net profit forecast to a loss of 510 million yen from 55 million yen.Sees a decrease of earnings per share to a loss of 25.14 yen from 2.81 yen.Comments that decreased sales of main business is the main reason for the forecast.  Full Article

MARUMITSU lowers consolidated mid-year outlook for FY 2016
Tuesday, 27 Oct 2015 02:00am EDT 

MARUMITSU CO LTD:Says the company lowered the consolidated mid-year outlook for revenue to 6,069 million yen from 6,740 million yen for FY ending March 2016.Sees a decrease of operating profit forecast to -141 million yen from 58 million yen.Sees a decrease of ordinary profit forecast to -209 million yen from -10 million yen.Sees a decrease of net profit forecast to -212 million yen from -13 million yen.Sees a decrease of earnings per share to -10.55 yen from -0.66 yen.Comments the lower-than-expected sales of new duty-free business is the main reason for the forecast.  Full Article

BRIEF- Marumitsu announces shareholding structure change

* Says its top shareholder, a real-estate rental business firm, will sell entire shares of the company and will cut stake in the company to 0 percent from 10 percent