May 10(Reuters) - Daihen Corp <6622.T>:Says its wholly owned unit DAIHEN Welding and Mechatronics System Corporation will merge with the company's wholly owned unit DAIHEN TECHNOS CO., LTD..Merger effective July 1.Says DAIHEN TECHNOS will be dissolved after the merger .
Daihen Corp:Says the company increased the consolidated mid-year outlook for revenue to 60,500 mln yen from 60,000 mln yen, for the fiscal year ending March 31, 2016.Operating profit forecast increased to 4,300 mln yen from 4,000 mln yen.Ordinary profit forecast increased to 4,300 mln yen from 4,200 mln yen.Net profit forecast increased to 4,000 mln yen from 2,700 mln yen.Earnings per share increased to 31.35 yen from 21.16 yen.Says the company increased the consolidated full-year outlook for revenue to 132,000 mln yen from 125,000 mln yen, for the fiscal year ending March 31, 2016.Operating profit forecast increased to 9,200 mln yen from 9,000 mln yen.Confirms the ordinary profit forecast at 9,500 mln yen.Net profit forecast increased to 7,000 mln yen from 6,000 mln yen.Earnings per share increased to 54.86 yen from 47.02 yen.Comments the acquisition of shares in China-based company as the main reason for the forecast.
Daihen Corp:Completes acquisition of 18,000 shares in The Chugoku Electric Manufacturing Company, Incorporated from The Chugoku Electric Power Co., Inc. at the price of 2,119 mln yen, on July 1.Says the company raises voting power in The Chugoku Electric Manufacturing to 60 pct (18,000 shares) from 0 pct.Plan disclosed on Feb. 4.
Daihen Corp:To acquire 60 pct stake (18,000 shares) in The Chugoku Electric Manufacturing Co., Inc. from The Chugoku Electric Power Co., Inc. on July 1.
Daihen Corp:Raised full-year consolidated outlook for fiscal year ending March 31, 2015.Full-year revenue outlook of 120,000 mln yen raised from 110,000 mln yen.Full-year operating profit outlook of 8,000 mln yen raised from 7,000 mln yen.Full-year ordinary profit outlook of 8,000 mln yen raised from 7,000 mln yen.Full-year net profit outlook of 5,000 mln yen raised from 4,500 mln yen.Full-year earnings per share outlook of 39.18 yen raised from 35.26 yen.Outlook raised due to increased orders for welding machines and welding robots.FY 2015 revenue of 111,350 mln yen and net income of 4,700 mln yen - Thomson Reuters I/B/E/S.
Daihen Corp:Chairman Masaru Yagyu passed away on Aug. 26.
Daihen Corp:Sees extraordinary loss of about 1.6 bln yen for disposal of headquarters building and plants, for the fourth quarter of fiscal year ending March 2014.
Daihen Corp:Full-year consolidated outlook for revenue of 107,000 mln yen raised from 100,000 mln yen, for fiscal year ending March 31, 2014.Full-year operating profit outlook of 5,700 mln yen raised from 5,500 mln yen.Full-year ordinary profit outlook of 6,000 mln yen raised from 5,700 mln yen.Full-year net profit outlook of 2,700 mln yen lowered from 3,500 mln yen.Full-year earnings per share outlook of 21.15 yen lowered from 27.42 yen.Revenue, operating profit and ordinary profit outlook raised due to smooth sales of solar power products, welding robots, semiconductor manufacturing equipment and high-frequency power system, and net profit outlook lowered due to extraordinary loss.
Daihen Corp:To acquire VARSTROJ Tovarna varilne in rezalne opreme d.d. (VARSTROJ d.d.), which is engaged in development, production and sale of welding equipment and robot system in Slovenia.Other details were not disclosed.
DAIHEN CORP announced that it has raised its consolidated full-year outlook for revenue from JPY 97,000 million to JPY 100,000 million, operating profit from JPY 4,500 million to JPY 5,500 million, ordinary profit from JPY 4,500 million to JPY 5,700 million, net profit from JPY 3,000 million to JPY 3,500 million and earning per share from JPY 23.50 to JPY 27.42 , for the fiscal year ending March 2014. This is due to the increased orders and the impact of the lower yen.