Watahan & Co Ltd <3199.T>: Says it plans to set up wholly owned unit for development of private brand product, transportation and storage management . Says the new unit to be capitalized at 1 million yen .Says effective Jan. 5, 2017.
Watahan & Co Ltd <3199.T>: Says it plans to fully buy J-Mart Co Ltd for 191 million yen(including advisory fee) on Nov. 4 .Says J-Mart Co Ltd is managing 14 home centers.
Watahan & Co Ltd:Raised year-end dividend forecast to 25 yen per share (bonus dividend of 10 yen per share and common dividend of 15 yen per share) from 15 yen per share for FY ending March 2016.
Watahan & Co Ltd:Listed on the Tokyo Stock Exchange(TSE) first section from Dec. 25.
Watahan & Co Ltd:To be listed on the Tokyo Stock Exchange (TSE) first section from TSE second section.Says the effective date is Dec. 25.
Watahan & Co Ltd:To fully acquire 54,100 shares (100 pct stake) in Aichi-based company Kishi Shoppingcenter Co.,LTD., at price of 1,084 mln yen in total, on Dec. 4.To raise voting power in Kishi Shoppingcenter to 100 pct from 0 pct.
Watahan & Co Ltd:Announces merger between two Nagano-based wholly owned subsidiaries on April 1.The subsidiary engaged in sale of architecture and civil engineering, construction materials will remain.The subsidiary engaged in manufacture of steel structure will dissolve.
Watahan & Co Ltd:Says the company increased the consolidated mid-year outlook for revenue to 42,673 million yen from 41,393 million yen for FY ending March 2016.Operating profit forecast increased to 781 million yen from 201 million yen.Ordinary profit forecast increased to 892 million yen from 280 million yen.Net profit forecast increased to 595 million yen from 192 million yen.Earnings per share increased to 60.38 yen from 19.47 yen.Says the company increased the consolidated full-year outlook for revenue to 88,768 million yen from 88,101 million yen for FY ending March 2016.Operating profit forecast increased to 1,383 million yen from 1,132 million yen.Ordinary profit forecast increased to 1,537 million yen from 1,252 million yen.Net profit forecast increased to 1,260 million yen from 1,148 million yen.Earnings per share increased to 127.79 yen from 116.42 yen.Comments the sales increase and costs reduction are the main reasons for the forecast.
Watahan & Co Ltd:Appoints Isamu Nohara as president.Appoints the former president of the company as chairman of the board.Effective June 24.
Watahan & Co Ltd:Issued 361,500 new shares at the price of 592 yen per share, or for 214,008,000 yen in total, through private placement to Mizuho Securities Co., Ltd.Proceeds to be used as opening fund of home improvement business.