Key Developments: Shimano Inc (SHMDF.PK)
84.74USD
21 May 2013
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$87.54
$84.74
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Latest Key Developments (Source: Significant Developments)
Shimano Inc. Announces Midterm Dividend Payment and Raises Year-end Dividend Outlook for FY Ending December 2012
Shimano Inc. announced that it will issue its midterm dividend of JPY 37.50 per share, or JPY 3,476 million in total, effective September 4, 2012, up from a forecast of JPY 30.50 per share announced on April 24, 2012, from retained earnings to shareholders as of June 30, 2012. The Company also raised its year-end dividend outlook from JPY 30.50 per share, which was announced on April 24, 2012, to JPY 37.50 per share, for the fiscal year ending December 2012. Full Article
Shimano Inc. Announces Resignation Chairman and Retirement of Treasury Stock
Shimano Inc. announced that Yoshizo Shimano will resign from the position of Chairman of the Board and Representative Director, effective March 29, 2012. The Company also announced that it has decided to retire 1,080,000 shares (approximately 1.15% of total shares outstanding) of its treasury stock, for JPY 3,939,983,131 in total, effective February 13, 2012. Full Article
Shimano Inc. Forms Joint Venture Company with Rapala VMC Corporation
Shimano Inc. announced that together with Rapala VMC Corporation, it has signed an agreement to merge their existing United Kingdom (UK) distribution activities into a 50/50 joint venture distribution company. This joint venture company, Shimano Normark UK Ltd, currently Shimano UK Ltd, will enter into a distribution agreement with Rapala VMC Corporation and its subsidiary, Dynamite Baits Ltd, regarding Rapala VMC Corporation's current product offering in the UK. Shimano UK Ltd and Dynamite Baits Ltd's UK distribution activities will be merged. Dynamite Baits Ltd's branded bait manufacturing activities will remain in the Rapala VMC Corporation's control under Dynamite Baits Ltd. This transaction, subject to the Board of Directors' approval of Shimano Inc. and Rapala VMC Corporation, is expected to be completed and closed by the end of August, 2011. Full Article
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