Shiseido Co Ltd <4911.T> :Says co's wholly owned unit d'icilà Co Ltd plans to transfer marketing, sales, and planning & management functions to co's another wholly owned unit Shiseido Japan Co Ltd, effective Jan. 1, 2017.
Shiseido Co Ltd <4911.T> : Says co's wholly owned units Shiseido Japan Co Ltd and FT Shiseido Co Ltd will take over the overseas brand management functions (excluding the Za brand) owned by the Company’s global cosmetics and personal care brands division through a company split .Transaction effective date on Jan. 1, 2017.
Shiseido Co Ltd <4911.T> : Says co's wholly owned unit Shiseido Japan Co Ltd plans to merge with co's another wholly owned unit Shiseido Information Network Co Ltd, effective on Jan. 1, 2017 .Shiseido Information Network Co Ltd will be dissolved after the transaction.
Estee Lauder Companies Inc : FY earnings per share view $3.53 -- Thomson Reuters I/B/E/S . The estée lauder companies delivers strong fiscal year 2016 results . Q4 earnings per share $0.25 . Q4 sales $2.65 billion versus i/b/e/s view $2.66 billion . Q4 earnings per share view $0.40 -- Thomson Reuters I/B/E/S . Sees FY 2017 earnings per share $3.38 to $3.44 excluding items . Sees FY 2017 earnings per share $3.20 to $3.30 . Sees Q1 2017 earnings per share $0.65 to $0.71 . Sees FY 2017 sales up 6 to 7 percent . Global prestige beauty is expected to grow approximately two percentage points ahead of industry for fiscal year . In fiscal 2017 Q1, expect especially strong external headwinds when compared with previous year . Expects to take charges associated with previously approved restructuring activities in fiscal 2017 of about $80 million - $100 million . Expects to take further charges in fiscal 2017 as additional initiatives under leading beauty forward are approved . Q1 net sales are forecasted to increase between 1% and 2% versus prior-year period .Expects to take charges associated with previously approved restructuring activities in fiscal 2017 q1 of about $35 million to $45 million.
Kimberly-Clark Corp : Clark announces second quarter 2016 results . Q2 adjusted earnings per share $1.53 . Q2 earnings per share view $1.48 -- Thomson Reuters I/B/E/S . Q2 earnings per share $1.56 . Q2 sales $4.6 billion versus I/B/E/S view $4.56 billion . Clark corp says Q2 personal care segment sales of $2.3 billion decreased 1 percent . Clark Corp says Q2 consumer tissue segment sales of $1.5 billion were essentially even with prior year . Clark Corp - "Confirming our bottom-line earnings guidance for 2016" . Full-year 2016 earnings per share view $6.09 -- Thomson Reuters I/B/E/S . Clark Corp - organic sales growth is anticipated to be at low end of previously assumed range of 3 to 5 percent for full-year . Sees full-year 2016 earnings per share $5.92 to $6.15 . Sees full-year 2016 adjusted earnings per share $5.95 to $6.15 .Clark - restructuring expected to complete by 2016 end, total costs anticipated to be toward high end of range of $130 to $160 million after tax.
Estee Lauder Companies Inc : Approved initiatives in June 2016 to exit certain businesses in select markets and channels of distribution . Initiatives to result in expected sales returns and inventory write-offs - SEC filing . Since May 24, 2016 and through June 14, 2016, company approved certain initiatives under leading beauty forward . Initiatives are related to optimization of select corporate functions . Actions are expected to result in restructuring charges related to employee-related costs, contract terminations and other exit costs . Expects to record restructuring and other charges of approximately $100.2 million (before tax) in connection with initiatives Source: (http://1.usa.gov/1XXKWmz ) Further company coverage: [EL.N] (Bengaluru Newsroom: +1 646 223 8780).
Antaria Ltd : Transition to contract manufacturing . Says board is currently in early discussions, on a confidential basis, with a number of contract manufacturers in australi . Says the strategy should lead to reduction in manufacturing costs, improvement in consistency of product as well as a reduction in fixed costs . Lost a number of employees due to the pending relocation process without any significant cost in redundancies or any effect on sales" .
CHUO BUSSAN CORP:To set a wholly-owned subsidiary based in Tokyo as the successor preparatory company in early May.To transfer its restaurants direct management business in Japan to the new subsidiary and restructure itself into holding company, effective Oct. 1.Previous plan was disclosed on April 22.
CHUO BUSSAN CORP:To restructure the company into a holding company, effective Oct. 1.Says other details remain to be decided later.