Key Developments: Nitori Holdings Co Ltd (9843.T)
20 Oct 2014
Latest Key Developments (Source: Significant Developments)
Nitori Holdings Co Ltd announces stock split and partial change to article of incorporation of authorized share number
Nitori Holdings Co Ltd:Says to split one share of its stock into two shares, effective Feb. 21, 2014.Says the total share outstanding will become 114,443,496.Says the company has received approval from the shareholders meeting to make partial change to its article of incorporation.Says based on change to article six, the Company will increase total number of authorized shares from 44,000,000 shares to 88,000,000 shares. Full Article
Nitori Holdings Co Ltd announced that a Japan-based company will acquire 5,530,000 shares (10.03% stake) in the Company from Mr. Akio Nitori, who is President of the Company, on October 17, 2013. As a result, the Japan-based company will hold 7,411,168 shares (13.45% stake) in the Company up from 1,881,168 shares (3.41% stake) and become the top shareholder, and Mr. Nitori will hold 1,704,806 shares (3.09% stake) down from 7,234,806 shares (13.13% stake), effective October 17, 2013. Full Article
TOKYO, Sept 25 - Japanese furniture retailer Nitori Holdings Co beat its own guidance and posted a record first-half profit on Thursday, as a shift towards selling more expensive, higher-margin products helped offset higher costs caused by a decline in the value of the yen.