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Kintetsu World Express Inc <9375.T> : Appoints Nobutoshi Torii as the new President of the company, to replace Satoshi Ishizaki .Says effective date June 21.
Kintetsu World Express inc:Appoints Nobutoshi Torii as the new President of the company.Effective date June 21.
Kintetsu World Express inc:Says the company lowered the consolidated full-year outlook for revenue to 420,000 mln yen from 450,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 15,000 mln yen from 18,000 mln yen.Confirms the ordinary profit forecast at 17,500 mln yen.Sees a decrease of net profit forecast to 10,500 mln yen from 11,700 mln yen.Sees a decrease of earnings per share to 145.84 yen from 162.5 yen.Says the performance in APLL segment and increased general management cost as main reasons for the forecast.
Kintetsu World Express inc:Full-year consolidated outlook for revenue of 450,000 mln yen raised from 350,000 mln yen, for fiscal year ending March 31, 2016.Full-year operating profit outlook of 18,000 mln yen.Full-year ordinary profit outlook of 17,500 mln yen.Full-year net profit outlook of 11,700 mln yen.Full-year earnings per share outlook of 162.50 yen.Revenue outlook raised due to adding APL Logistics Ltd into consolidation scope.FY 2016 revenue of 395,630 mln yen and net income of 11,580 mln yen - Thomson Reuters I/B/E/S.
Kintetsu World Express inc:Reaffirms mid-year dividend forecast of 20 yen per share, for fiscal year ending March 2016.Revises year-end dividend forecast to 16 yen per share from 32 yen per share, for FY 2016 due to stock split on Oct. 1.
Kintetsu World Express inc:Completes acquisition of 100 pct stake in APL Logistics Ltd, from Neptune Orient Lines for 149,189 mln yen.
Kintetsu World Express inc:To issue a year-end dividend of 29 yen per share to all the shareholders of record as of March 31, for the fiscal year ended March 2015.Payment date June 17.Says the dividend amount is above latest dividend forecast of 27 yen per share.
Kintetsu World Express inc:To take out a loan of 144,000 million yen from The Bank of Tokyo-Mitsubishi UFJ, Ltd.Maturity on March 27, 2016.To use proceeds to acquire APL Logistics Ltd.
Neptune Orient Lines Ltd:To sell its logistics business, APL Logistics Ltd, to Kintetsu World Express Inc for an aggregate purchase price of $1.2 bln in cash.Completion of transaction is expected to take place in middle of 2015.
Kintetsu World Express inc:To acquire 100 pct stake (465,530,000 shares) in APL Logistics Ltd from Neptune Orient Lines Ltd. at 144,200 million yen in June.
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