June 8 (Reuters) - Totoku Electric Co Ltd <5807.T>:* Says fire accident happened in plant of unit PT. TOTOKU INDONESIA on April 30.* No personnel were injured.* The plant and office were destroyed by fire.
Totoku Electric Co Ltd <5807.T> : Says it appoints Naoomi Tachikawa who is current president, as new chairman of the board . Says it appoints Yoshihiro Suzuki as new president to replace Naoomi Tachikawa .Says changes to occur on June 28.
Totoku Electric Co Ltd:To divest 44,000 shares in its 55 pct owned Nagano-based subsidiary to an Aichi-based firm for 199,804,000 yen on March 30.To lower stake in the unit to 0 pct from 55 pct.
Totoku Electric Co Ltd:To issue a year-end dividend of 20 yen per share to all the shareholders of record as of March 31, for FY ended March 2015.Payment date June 26.Says latest dividend forecast was undetermined value.
Totoku Electric Co Ltd:Resolved to cancel the year-end dividend of class A preference share for FY ending March 2015, due to retirement of the class A preference share.
Totoku Electric Co Ltd:To issue a preference share A mid-year dividend of 6,525 yen per share to all the shareholders of record as of Sep. 30, for FY ending March 2015.Payment date Oct. 31.Says latest dividend forecast was 6,525 yen per share.
Totoku Electric Co Ltd:Says the company affirms the consolidated full-year outlook for revenue at 16,000 million yen for the fiscal year ending March 2015.Affirms operating profit forecast at 1,150 million yen.Ordinary profit forecast increased to 1,980 million yen from 1,000 million yen.Net profit forecast increased to 1,780 million yen from 800 million yen.Earnings per share increased to 260.21 yen from 115.93 yen.Comments the difference between expected environment-related expenses and allowance for environmental measures is the main reason for the forecast.
Totoku Electric Co Ltd:Sees extraordinary profit of 184 mln yen for gain on sale of investment securities, for the fourth quarter of fiscal year ending March 2014.
Totoku Electric Co Ltd:Sees consolidated full-year revenue of 17,000 million yen for the fiscal year ending Mar. 31, 2014, compared to the previous forecast of 16,000 million yen.Sees operating profit of 1,200 million yen, compared to the previous forecast of 1,100 million yen.Sees ordinary profit of 1,400 million yen, compared to the previous forecast of 1,200 million yen.Sees net profit of 1,200 million yen, compared to the previous forecast of 800 million yen.Sees earnings per share of 17.30 yen, compared to the previous forecast of 11.41 yen.Says this is due to increased sales.
Totoku Electric Co Ltd announced that it has raised consolidated full-year outlook for revenue from JPY 15,100 million to JPY 16,000 million, operating profit from JPY 720 million to JPY 1,100 million, ordinary profit from JPY 580 million to JPY 1,200 million, net profit from JPY 490 million to JPY 800 million, earnings per share from JPY 7.21 to JPY 11.41 for the fiscal year ending March 2014. The positive outlook is mainly due to increase of sales and decrease of costs.