Key Developments: Monex Group Inc (MNXBF.PK)
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13 May 2013
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Latest Key Developments (Source: Significant Developments)
Monex Group Inc Completes Share Repurchase
Monex Group Inc announced that it has repurchased 120,000 shares of its common stock, at the price of JPY 45,950 per share, or for JPY 5,514,000,000 in total, on May 15, 2013. Full Article
Monex Group Inc to Repurchase Shares; Announces Common Stock Retirement
Monex Group Inc announced that it has decided to repurchase up to 120,000 shares (4.00% stake) of its common stock for JPY 45,950 per share (the closing price on May 14, 2013) or up to JPY 5,514,000,000 in total, through ToSTNeT-3 of the Tokyo Stock Exchange, on May 15, 2013. In addition, the Company will retire up to 120,000 shares of its common stock on May 31, 2013. Full Article
Monex Group Inc Announces Stock Split and Partial Change to Article of Incorporation of Authorized Share Number
Monex Group Inc announced that it has decided to split one share of its stock into 100 shares, effective October 1, 2013. After the stock split, the total share outstanding will become 299,680,500 shares. The Company has received approval from the shareholders meeting to make partial change to its article of incorporation, effective October 1, 2013. Based on change to article six, the Company will increase total number of authorized shares from 8,800,000 shares to 880,000,000 shares. Full Article
Monex Group Inc to Sell Stake in Lifenet Insurance Co
Lifenet Insurance Co announced that Monex Group Inc will sell 5,683,900 shares (a 13.50% stake) in Lifenet Insurance, for JPY 722.6 per share (JPY 4,107,186,140 in total), to Swiss Reinsurance Company Ltd on April 30, 2013. As a result, Swiss Reinsurance Company will hold a 13.50% stake (5,683,900 shares) in Lifenet Insurance and become the top shareholder, while Monex Group Inc will hold no stake in Lifenet Insurance. Full Article
Monex Group Inc Issues Year-end Dividend Forecast for FY 2013
Monex Group Inc announced that it has issued its year-end dividend forecast of JPY 300 per share, for the fiscal year ending March 2013. Full Article
Monex Group Inc Announces Application of International Financial Reporting Standards
Monex Group Inc announced that it will apply International Financial Reporting Standards (IFRS) as the new accounting method, to replace the current Japan Accounting Standards, starting from the financial report for fiscal year ending March 2013. Full Article
Monex Group Inc Announces Business Transfer between Subsidiaries
Monex Group Inc announced that two of its wholly owned subsidiary, Monex, Inc., will take over the customer account business and related foreign exchange business from the Company's wholly owned subsidiary Monex FX, Inc., effective April 1, 2013. Full Article
Monex Group Inc Announces Merger between Subsidiaries
Monex Group Inc announced that two of its wholly owned subsidiaries, Monex, Inc. and Sony Bank Securities Inc. will be merging with each other, effective January 12, 2013. After this, Monex, Inc. will be the surviving company and Sony Bank Securities Inc. will be dissolved. Full Article
Monex Group Inc Announces Mid-term Dividend Forecast for FY 2013
Monex Group Inc announced its mid-term dividend forecast of JPY 110 per share, for the fiscal year ending March 2013. Full Article
Monex Group Inc Announces Extraordinary Profit for Q2 of FY 2013
Monex Group Inc announced that it will record a JPY 900-10,000 million extraordinary profit on the acquisition of Sony Bank Securities Inc., for the second quarter of the fiscal year ending March 2013. Full Article
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