April 15 (Reuters) - Japfa Ltd <JAPF.SI>::ENTERED INTO AN AGREEMENT WITH MEIJI CO., LTD..CO TO SELL 25% OF ITS SHARE CAPITAL IN AUSTASIA INVESTMENT HOLDINGS PTE LTD TO MEIJI FOR A TOTAL CASH CONSIDERATION OF US$254.4 MILLION.FOLLOWING COMPLETION OF TRANSACTION, JAPFA WILL OWN A 75% STAKE IN AUSTASIA AND WILL CONTINUE TO MANAGE AUSTASIA'S FARMING OPERATIONS IN CHINA.JAPFA WILL APPLY PROCEEDS OF TRANSACTION TOWARDS REPAYMENT OF US$253 MILLION TERM LOAN.DAY-TO-DAY OPERATIONS OF JAPFA HAVE NOT THUS FAR BEEN MATERIALLY IMPACTED BY COVID-19 OUTBREAK.AS COVID-19 OUTBREAK IS AN UNPRECEDENTED EVENT, IMPACT GOING FORWARD CANNOT BE RELIABLY ESTIMATED WITH ANY CERTAINTY.
Dec 12 (Reuters) - Meiji Holdings Co Ltd <2269.T>:Says co and unit Meiji Seika Pharma Co Ltd plan to acquire 49 percent stake in a succession company of The Chemo-Sero-Therapeutic Research Institute (Kaketsuken), for 18 billion yen in total.Says transaction date will be decided later.
Kotobuki Spirits Co Ltd:Says subsidiary of Meiji Holdings to transfer 100 pct stake in a Japan-based company (target company) that holds by its wholly owned subsidiary, to Kotobuki Spirits Co Ltd.Says target company engaged in manufacturing, sale of cake baked confectionery and purchase and sale of dessert.Transaction amount about 10 mln yen (including advisory cost of about 10 mln yen).Planned effective in Jan. 22, 2016.
Meiji Holdings Co Ltd:Says for further expansion of probiotics business, its subsidiary to improve drink type production capacity by increase one line expansion drink type (Small PET type) in Aichi plant and two lines in Kyoto plant.Says planed to be 1.2 times of current production capacity.
Meiji Holdings Co Ltd:Says it lowered the year-end dividend forecast to 27.5 yen per share from 55 yen per share for the FY ending March 2016, due to stock split.
Meiji Holdings Co Ltd:Says the company raised the consolidated mid-year outlook for the FY ending March 2016.Revenue forecast increased to 590,000 million yen from 578,000 million yen.Operating profit forecast increased to 27,000 million yen from 19,000 million yen.Ordinary profit forecast increased to 29,000 million yen from 18,600 million yen.Net profit forecast increased to 29,500 million yen from 20,800 million yen.Earnings per share forecast increased to 200.36 yen from 141.27 yen.Says the company raised the consolidated full-year outlook for the FY ending March 2016.Revenue forecast increased to 1,206,000 million yen from 1,194,000 million yen.Operating profit forecast increased to 60,000 million yen from 52,000 million yen.Ordinary profit forecast increased to 62,500 million yen from 52,300 million yen.Net profit forecast increased to 50,000 million yen from 41,700 million yen.Earnings per share forecast increased to 339.59 yen from 283.22 yen.FY 2016 revenues of 1,206.95 billion yen, net income of 43.44 billion yen – Thomson Reuters I/B/E/S.Comments that increased sales revenue is the main reason for the forecast.
Meiji Holdings Co Ltd:To issue a year-end dividend of 60 yen per share, for the FY ended March 2015.Dividend issued to shareholders of record as of March 31.Dividend payment date June 5.Says the dividend amount is above the latest forecast of 40 yen per share disclosed on May 13, 2014.
Meiji Holdings Co Ltd:To sell trust beneficiary right of a property located in Kanagawa, at price of 32.9 bln yen, and planned effective April 10.Expected extraordinary profit of 17.1 bln yen for Q1 of FY ending March 2016 for this selling.
Meiji Holdings Co Ltd:Subsidiary Meiji Seika Pharma ands group company completed fully acquisition of Medreich Limited on Feb. 12.Plan disclosed on June 11, 2014 and June 18, 2014.
Meiji Holdings Co Ltd:Says the company increased the consolidated mid-year outlook for revenue to 559,200 million yen from 555,000 million yen for FY ending March 2015.Operating profit forecast increased to 18,900 million yen from 14,400 million yen.Ordinary profit forecast increased to 19,600 million yen from 14,600 million yen.Net profit forecast increased to 12,500 million yen from 7,600 million yen.Earnings per share increased to 169.77 yen from 103.22 yen.Comments the sales increase and sale of properties are the main reasons for the forecast.