Y.A.C. Holdings Co Ltd <6298.T>::Y.A.C. HOLDINGS CO LTD - SIGNED CAPITAL TIE-UP WITH U.S. COMPANY LINUS BIOTECHNOLOGY.
Y.A.C. Co Ltd <6298.T> : Says it plans to split core business to 4 units which were established on Oct. 3, and restructure itself into holding company, effective on April 1, 2017 .Co plans to change its name to Y.A.C. Holdings Co Ltd after transition to holding company, effective on April 1, 2017.
Y.A.C. Co Ltd <6298.T>: Says it plans to set up four units in Akishima on Sep. 30, for preparation of holding company structure transition .Says the transition to be effective on April 1, 2017.
Y.A.C. Co Ltd <6298.T>: Says it plans to fully buy MIYUKIELEX CO.,LTD. for 335 million yen on Sep. 30 .Says MIYUKIELEX CO.,LTD. is engaged in electronic products.
Y.A.C. Co Ltd:To consider transition to holding company structure.Expects to restructure into holding company from April 2017.
Y.A.C. Co Ltd:Says the company reaffirmed the consolidated full-year outlook for revenue at 26,500 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 800 mln yen from 1,400 mln yen.Sees a decrease of ordinary profit forecast to 720 mln yen from 1,450 mln yen.Sees a decrease of net profit forecast to 360 mln yen from 870 mln yen.Sees a decrease of earnings per share to 40.32 yen from 97.54 yen.
Y.A.C. Co Ltd:To merge with its Kanagawa-based wholly owned subsidiary effective on Jan. 1, 2016.Says the subsidiary to be dissolved after the transaction.
Y.A.C. Co Ltd:Says the company raised the consolidated full-year outlook for the FY ending March 2016.Revenue forecast increased to 26,500 million yen from 23,500 million yen.Operating profit forecast increased to 1,400 million yen from 1,200 million yen.Ordinary profit forecast increased to 1,450 million yen from 1,250 million yen.Net profit forecast increased to 870 million yen from 750 million yen.Earnings per share forecast increased to 97.54 yen from 84.09 yen.Comments that majority stake acquisition in a Japan-based company is the main reason for the forecast.
Y.A.C. Co Ltd:To acquire 99,691,263 shares through private placement and to acquire 308,737 shares in NIHON GARTER CO.,LTD from 38 individuals, eight corporations and a shareholding association, at the price of 100 mln yen in total.Says transaction date on between July and September.Says the company to raise voting power in NIHON GARTER to 100 pct (100,000,000 shares) from 0 pct.
Y.A.C. Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 16,600 million yen from 18,000 million yen for the fiscal year ended March 31, 2015.Sees an increased operating profit forecast to 780 million yen from 700 million yen.Sees an increased ordinary profit forecast to 960 million yen from 680 million yen.Sees an increased net profit forecast to 630 million yen from 430 million yen.Sees an increased earnings per share to 70.63 yen from 48.21 yen.Says the profit outlook raised due to the improvement in industrial instrument business, control communications system business and heating equipment business, as well as profit on currency exchange.