Tokyo Energy & Systems Inc <1945.T>: Says it appoints current president Yu Narasaki as chairman . Says it appoints Tsutomu Kumagai as president to succeed Yu Narasaki .Says the changes planned effective on June 29.
TOKYO ENERGY & SYSTEMS INC:To issue a year-end dividend of 14 yen per share, for the FY ended March 2016.Dividend issued to shareholders of record as of March 31.Dividend payment date June 30.Says the dividend amount is above the latest forecast of 9 yen per share.
TOKYO ENERGY & SYSTEMS INC:Completes repurchase of 1,331,000 shares of its common stock at the price of 1,309,704,000 yen in total, on Feb. 2.
TOKYO ENERGY & SYSTEMS INC:To repurchase up to 1,350,000 shares of its common stock, representing 3.86 pct of outstanding on Feb. 2.Share repurchase price is 984 yen per share, the closing price of Feb. 1, or 1,328,400,000 yen in total.
TOKYO ENERGY & SYSTEMS INC:Says the company lowered the consolidated mid-year outlook for revenue to 29,100 mln yen from 42,500 mln yen for the fiscal year ending March 2016.Sees a decrease of operating profit forecast to 2,350 mln yen from 2,900 mln yen.Sees a decrease of ordinary profit forecast to 2,400 mln yen from 2,950 mln yen.Sees a decrease of net profit forecast to 1,580 mln yen from 1,700 mln yen.Sees a decrease of earnings per share to 45.19 yen from 48.61 yen.Comments the delay of the construction work is the main reason for the forecast.
TOKYO ENERGY & SYSTEMS INC:To issue a year-end dividend of 12.5 yen per share, for the FY ended March 2015.Dividend issued to shareholders of record as of March 31.Dividend payment date June 29.Says the dividend amount is above the latest forecast of 7.5 yen per share disclosed on Jan. 28.
TOKYO ENERGY & SYSTEMS INC:Says the company increased the consolidated full-year outlook for revenue to 59,000 million yen from 56,300 million yen for FY ended March 2015.Operating profit forecast increased to 5,300 million yen from 2,750 million yen.Ordinary profit forecast increased to 5,400 million yen from 2,900 million yen.Net profit forecast increased to 3,300 million yen from 1,950 million yen.Earnings per share increased to 94.36 yen from 55.75 yen.Comments the improved profitability of projects and costs reduction are the main reasons for the forecast.
TOKYO ENERGY & SYSTEMS INC:Says the company amended the consolidated full-year outlook for the FY ending March 2015.Revenue forecast decreased to 56,300 million yen from 57,200 million yen.Operating profit forecast increased to 2,750 million yen from 1,500 million yen.Ordinary profit forecast increased to 2,900 million yen from 1,600 million yen.Net profit forecast increased to 1,950 million yen from 1,000 million yen.Earnings per share forecast increased to 55.75 yen from 28.59 yen.Comments that delay in installation construction of large-scale solar power plants and effective cost control are the main reasons for the forecast.
TOKYO ENERGY & SYSTEMS INC:Raised full-year consolidated outlook for fiscal year ended March 31, 2014.Full-year revenue outlook of 54,100 mln yen raised from 50,800 mln yen.Full-year operating profit outlook of 2,760 mln yen raised from 1,600 mln yen.Full-year ordinary profit outlook of 2,870 mln yen raised from 1,700 mln yen.Full-year net profit outlook of 1,720 mln yen raised from 1,000 mln yen.Full-year earnings per share outlook of 49.17 yen raised from 28.58 yen.Outlook raised due to smooth progress of construction works of thermal power plant and nuclear power plant, as well as launch of large project of solar power plant.
TOKYO ENERGY & SYSTEMS INC announced that it has appointed Mr. Yu Narasaki to replace Mr. Hiroyuki Ino as President of the Company, effective June 27, 2013.