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Nisshin Fudosan Co Ltd (8881.T)

8881.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

NISSHIN FUDOSAN raises year-end dividend outlook to 10 yen per share for FY 2016
Tuesday, 2 Feb 2016 01:00am EST 

NISSHIN FUDOSAN Co Ltd:Raises year-end dividend outlook to 10 yen per share, from 6 yen per share, for the fiscal year ending March 2016.Says the 10 yen per share dividend includes a common dividend of 6 yen per share and a bonus dividend of 4 yen per share in the commemoration of its 40th anniversary of foundation.  Full Article

NISSHIN FUDOSAN announces merger between wholly owned subsidiaries
Tuesday, 2 Feb 2016 01:00am EST 

NISSHIN FUDOSAN Co Ltd:Says its wholly owned subsidiary A, which is engaged in the real estate management business in Tokyo, Japan, will merge with another wholly owned subsidiary B, which is engaged in the leasing management business in Tokyo, Japan.Effective date April 1.After the transaction, subsidiary A will be the surviving company and subsidiary B will be dissolved.The subsidiary A will also change company name after the transaction.  Full Article

NISSHIN FUDOSAN announces change of main shareholder
Thursday, 19 Nov 2015 02:35am EST 

NISSHIN FUDOSAN Co Ltd:Says a company acquires 4,660,000 shares (9.95 pct voting rights) in the company from an individual on Nov. 19.Says the individual's voting rights in the company decreased to 3.00 pct (1,406,880 shares) from 12.95 pct (6,066,880 shares).  Full Article

NISSHIN FUDOSAN raises consolidated full-year outlook for FY 2016
Monday, 2 Nov 2015 01:00am EST 

NISSHIN FUDOSAN Co Ltd:Says the Company increased the consolidated full-year outlook for revenue to 72,000 million yen from 68,000 million yen for the fiscal year ending March 31, 2016.Operating profit forecast increased to 4,200 million yen from 3,300 million yen.Ordinary profit forecast increased to 4,100 million yen from 3,200 million yen.Net profit forecast increased to 3,100 million yen from 2,200 million yen.Earnings per share increased to 66.08 yen from 46.90 yen.FY 2015 revenues of 503 billion yen, reported net profit of 10 billion yen – Thomson Reuters I/B/E/S.Comments that decreased material and human resources costs is the main reason for the forecast.  Full Article

NISSHIN FUDOSAN raises consolidated mid-year outlook for FY 2016
Thursday, 22 Oct 2015 02:00am EDT 

NISSHIN FUDOSAN Co Ltd:Says the company increased the consolidated mid-year outlook for revenue to 30,300 mln yen from 29,000 mln yen, for the fiscal year ending March 2016.Operating profit forecast increased to 1,500 mln yen from 450 mln yen.Ordinary profit forecast increased to 1,400 mln yen from 400 mln yen.Net profit forecast increased to 800 mln yen from 100 mln yen.Earnings per share increased to 17.05 yen from 2.13 yen.Comments the cost reduction as the main reason for the forecast.  Full Article

NISSHIN FUDOSAN subsidiary acquires real estate
Thursday, 30 Apr 2015 02:00am EDT 

NISSHIN FUDOSAN Co Ltd:Says subsidiary completes acquisition of three condominium properties located in Tokyo.  Full Article

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