Key Developments: Nippon Express Co Ltd (9062.T)

9062.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

R&I affirms NIPPON EXPRESS CO LTD's rating at "AA-" and rating outlook stable
Friday, 27 Dec 2013 01:00am EST 

NIPPON EXPRESS CO LTD:Rating and Investment Information, Inc. (R&I) has affirmed the rating on NIPPON EXPRESS CO LTD at "AA-".The rating outlook is stable.  Full Article

NEC Logistics becomes joint venture of NEC Corp and Nippon Express Co Ltd- Asahi Shimbun
Monday, 2 Dec 2013 07:00pm EST 

NEC Corp and Nippon Express Co Ltd:NEC Logistics Ltd. became a joint venture between NEC Corp. and Nippon Express Co. under an agreement to strengthen their global logistics business - Asahi Shimbun.  Full Article

NIPPON EXPRESS CO LTD Amends Consolidated Full-year Outlook for FY 2014
Thursday, 31 Oct 2013 12:00am EDT 

NIPPON EXPRESS CO LTD announced that it has affirmed its consolidated full-year outlook for revenue of JPY 1,690,000 million, net profit of JPY 25,000 million and earning per share of JPY 24.37 , but raised the outlook for operating profit from JPY 37,000 million to JPY 40,000 million, ordinary profit from JPY 45,000 million to JPY 48,000 million, for the fiscal year ending March 2014. This is due to the improved domestic business and the effect of shifting support measures.  Full Article

NIPPON EXPRESS CO LTD Announces Outcome of Early Retirement Program
Wednesday, 11 Sep 2013 02:00am EDT 

NIPPON EXPRESS CO LTD announced in the early retirement program offered during the period from August 19, 2013 to August 30, 2013, 764 employees of the Company took up the offer and will retire on September 30, 2013. The Company is expecting an extraordinary loss of approximately JPY 9.1 billion and an extraordinary loss of approximately JPY 500 million due to this development.  Full Article

NIPPON EXPRESS CO LTD Amends Consolidated Mid-year Outlook for FY 2014; Expects Extraordinary Loss for Q4 of FY 2014
Wednesday, 11 Sep 2013 02:00am EDT 

NIPPON EXPRESS CO LTD announced that it has reaffirmed the consolidated mid-year outlook for revenue at JPY 835,000 million, operating profit at JPY 16,000 million, ordinary profit at JPY 21,000 million, but has lowered the outlook for net profit from JPY 12,000 million to JPY 6,500 million and earning per share from JPY 11.7 to JPY 6.34 for the fiscal year ending March 31, 2014. The negative net profit outlook is mainly due to record of extraordinary loss of approximately JPY 9.7 billion, as payment for special benefit, for the second quarter of fiscal year ending March 2014.  Full Article

NIPPON EXPRESS CO LTD Announces Early Retirement Plan
Monday, 22 Jul 2013 02:00am EDT 

NIPPON EXPRESS CO LTD announced that it will offer an early retirement program to its employees above 60 years old as of September 30, 2013, who are on sales and general affairs positions, during the period from August 19, 2013 to August 30, 2013. The Company expects 800 employees to take the offer with a retirement date of September 30, 2013. The employees will be offered retirement pay and additional benefits.  Full Article

NIPPON EXPRESS CO LTD Completes Share Repurchase
Wednesday, 19 Jun 2013 02:00am EDT 

NIPPON EXPRESS CO LTD announced that it has completed the share repurchase disclosed on December 21, 2012. The Company has repurchased 46,138,000 shares of its common stock, for JPY 19,999,663,128 in total, during the period from January 4, 2013 to June 18, 2013.  Full Article

NIPPON EXPRESS CO LTD Repurchases Shares
Friday, 7 Jun 2013 02:00am EDT 

NIPPON EXPRESS CO LTD announced that it has repurchased 9,595,000 shares for JPY 4,736,815,946, during the period from May 1, 2013 to May 31, 2013. This was part of the share repurchase plan announced on December 21, 2012, to repurchase up to 80 million shares (7.67% stake) of its common stock. The Company repurchased 38,686,000 shares for JPY 16,763,723,066 in total, as of May 31, 2013.  Full Article

NIPPON EXPRESS CO LTD to Acquire Stake in Panasonic Logistics Co., Ltd. from Panasonic Corp
Friday, 24 May 2013 02:30am EDT 

NIPPON EXPRESS CO LTD announced that ithas decided to acquire 2,399,999 (a 66.7% stake) of Panasonic Logistics Co., Ltd.'s stock, from Panasonic Corp, in December 2013.  Full Article

NIPPON EXPRESS CO LTD Repurchases Shares
Monday, 13 May 2013 02:00am EDT 

NIPPON EXPRESS CO LTD announced that it has repurchased 6,541,000 shares for JPY 3,204,227,042, during the period from April 1, 2013 to April 30, 2013. This was part of the share repurchase plan announced on December 21, 2012, to repurchase up to 80 million shares (7.67% stake) of its common stock. The Company repurchased 29,091,000 shares as of April 30, 2013.  Full Article

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