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Harakosan Co Ltd (8894.T)

8894.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Harakosan completes liquidation of real-estate rental unit
Monday, 1 Aug 2016 02:24am EDT 

Harakosan Co Ltd <8894.T> :Says it completes liquidation of its wholly owned Yamaguchi-based real-estate rental unit, on July 29.  Full Article

Harakosan announces decease of president Masakatsu Sonoda
Thursday, 21 Jul 2016 02:45am EDT 

Harakosan Co Ltd <8894.T> : Says Masakatsu Sonoda, president of the company, passed away on July 20 .Appoints Kazuto Nishida as acting president.  Full Article

Harakosan cancels business alliance with FinTech Global
Tuesday, 31 May 2016 04:47am EDT 

Harakosan Co Ltd <8894.T>: Says the company canceled a business alliance with FinTech Global Inc <8789.T> on May 31 .Says according to the contract, once FinTech Global holds no share or warrant of the company, the business alliance has to be canceled.  Full Article

Harakosan to dissolve subsidiary and forgives debts for subsidiary
Tuesday, 15 Mar 2016 02:20am EDT 

Harakosan Co Ltd:To dissolve its wholly owned Yamaguchi-based subsidiary, which has been engaged in real estate agency business.Liquidation is expected to be completed in August.To forgive debts borrowed by the subsidiary, with totaling amount of 112,257,362 yen.  Full Article

Harakosan to sell two properties
Tuesday, 9 Feb 2016 02:00am EST 

Harakosan Co Ltd:To sell two Tokyo-based properties for an undisclosed value on Feb. 17.  Full Article

Harakosan amends consolidated full-year outlook for FY 2016
Tuesday, 9 Feb 2016 02:00am EST 

Harakosan Co Ltd:Says the company increased the consolidated full-year outlook for revenue to 2,490 mln yen from 934 mln yen, for the fiscal year ending Feb. 29, 2016.Sees a decrease of operating profit forecast to a loss of 271 mln yen from a loss of 37 mln yen.Sees a decrease of ordinary profit forecast to a loss of 307 mln yen from a loss of 82 mln yen.Sees a decrease of net profit forecast to a loss of 397 mln yen from a loss of 169 mln yen.Sees a decrease of earnings per share to a loss of 5.39 yen from a loss of 2.29 yen.Revenue outlook raised due to the sale of properties.  Full Article

Harakosan to sell property and expects extraordinary loss for Q2 of FY 2016
Friday, 9 Oct 2015 03:00am EDT 

Harakosan Co Ltd:To sell Kumamoto-based property for 177,000,000 yen.Expects extraordinary loss of 99,385,015 yen for Q2 of FY ending Feb. 2016.  Full Article

Harakosan lowers consolidated full-year outlook for FY 2016
Friday, 9 Oct 2015 03:00am EDT 

Harakosan Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 934 million yen from 1,213 million yen for FY ending Feb. 2016.Sees a decrease of operating profit forecast to -37 million yen from 76 million yen.Sees a decrease of ordinary profit forecast to -82 million yen from 11 million yen.Sees a decrease of net profit forecast to -169 million yen from 24 million yen.Sees a decrease of earnings per share to -2.29 yen from 0.34 yen.Comments the sales decrease and rents reduction are the main reasons for the forecast.  Full Article

Harakosan appoints new president
Thursday, 30 Apr 2015 02:30am EDT 

Harakosan Co Ltd:Appoints Masakatsu Sonoda as new president, effective May 30.  Full Article

Harakosan announces business alliance with Fintech Global and Hoosiers Holdings
Thursday, 30 Apr 2015 02:30am EDT 

Harakosan Co Ltd, Fintech Global Incorporated and Hoosiers Holdings:To form business alliance for sharing of housing related information and development and sale of condominium, from April 30.Harakosan to issue 2,777,800 shares at 36 yen per share (100,000,800 yen in total) through private placement to Hoosiers Holdings as well as investment partnership of Fintech Global, on June 1.Says Hoosiers Holdings and the investment partnership to hold 3.46 pct stake in Harakosan.  Full Article

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