Nippon Shindo Co Ltd <5753.T>: Says it appoints Takayuki Harada as president to replace Yoshiro Yamazaki .Says effective date on June 27.
NIPPON SHINDO CO LTD:Announces no year-end dividend for FY 2016.In the last release, it was an undetermined price.
NIPPON SHINDO CO LTD:Expects extraordinary profit of 147 mln yen as gain from sale of business, for FY ending March 2016.
NIPPON SHINDO CO LTD:Expects an extraordinary profit of 346 million yen for FY ending March 2016, due to merger with subsidiary.
NIPPON SHINDO CO LTD:To merge with wholly owned subsidiary Osaka-oudou.Co.,Ltd on July 1.The subsidiary will dissolve after merger.
NIPPON SHINDO CO LTD:Appoints Hiroyuki Tsuritani as chairman of the board, effective June 26.
NIPPON SHINDO CO LTD:Appoints Ernst & Young ShinNihon LLC as corporate auditor to replace Deloitte Touche Tohmatsu.Effective June 26.
CK SAN-ETSU Co Ltd:Says the company acquired 8,788,256 shares of NIPPON SHINDO CO LTD during the period from Feb. 12 to March 11.Settlement start date March 18.Says the company will hold 50.10 pct voting rights in NIPPON SHINDO CO LTD after the takeover bid.
CK SAN-ETSU Co Ltd:CK SAN-ETSU offered a takeover bid for 7,996,000 shares (33.87 pct stake) of NIPPON SHINDO.To hold 11,829,000 shares (50.10 pct stake) of NIPPON SHINDO after takeover bid.Offered purchase price at 120 yen per share.Takeover bid total amount at 959,520,000 yen.Offering period from Feb. 12 to March 11.Settlement starts on March 18.
NIPPON SHINDO CO LTD:Says the company lowered the consolidated mid-year outlook for revenue to 7,860 million yen from 8,400 million yen for FY ending March 2015.Sees a decrease of operating profit forecast to 13 million yen from 130 million yen.Sees a decrease of ordinary profit forecast to a loss of 14 million yen from 120 million yen.Sees a decrease of net profit forecast to a loss of 500 million yen from 90 million yen.Sees a decrease of earnings per share to a loss of 21.18 yen from 3.81 yen.Comments the sales decrease of brass sticks and loss from sale of property are the main reasons for the forecast.