New Cosmos Electric Co Ltd <6824.T> : Says co appoints current president Tesshi Shigemori as new chairman . Co names Yoshinori Takahashi as new president .Changes will be effective on April 1.
NEW COSMOS ELECTRIC <6824.T>: Says it will use cash to buy 66.6 percent stake in an Osaka firm engaged in gas sensor business, on July 1 . Says two units of the Osaka firm will be bought as well .Acquisition price of 4,329 million yen.
NEW COSMOS ELECTRIC CO LTD:Reached settlement with Tokyo-based company (plaintiff), regarding the lawsuit filed by the Tokyo-based company against the company.Says the company to pay 244 mln yen as settlement to the plaintiff.
NEW COSMOS ELECTRIC CO LTD:To issue a year-end dividend of 24 yen per share to all the shareholders of record as of March 31, for the FY ended March 2014.Payment date June 30.Says the dividend amount is above the latest forecast of 22 yen per share disclosed on Feb. 10.
NEW COSMOS ELECTRIC CO LTD announced that it will invest JPY 2,500 million to establish a new plant in Hyogo, Japan. The establishment of the plant is expected to be completed in August 2013 and the operation of the plant is expected to start in Spring 2015.
NEW COSMOS ELECTRIC CO LTD announced that its Osaka-based wholly owned subsidiary will merge with a Hiroshima-based wholly owned subsidiary, effective April 1, 2013. After the merger, the Hiroshima-based wholly owned subsidiary will be dissolved.
New Cosmos Electric Co., Ltd. announced that it will issue dividend of JPY 22.00 per share, or JPY 271 million in total, effective June 29, 2012, up from a forecast of JPY 20.00 per share announced on February 10, 2012, from retained earnings to shareholders as of March 31, 2012.
New Cosmos Electric Co., Ltd. announced that it has decided to merge with a wholly owned subsidiary, which has been mainly engaged in the sale of gas and fire alarms in Fukuoka, Japan, effective April 1, 2012. After the transaction, the Company will be the surviving company and the subsidiary will be dissolved.
New Cosmos Electric Co., Ltd. announced that it has raised the consolidated mid-year forecast for revenue from JPY 8,772 million to JPY 8,859 million, operating profit from JPY 731 million to JPY 1,049 million, ordinary profit from JPY 757 million to JPY 1,081 million, net profit from JPY 446 million to JPY 645 million and earning per share from JPY 36.08 to JPY 52.22 for the fiscal year ending March 31, 2012. The Company raised the consolidated mid-year outlook due to increased orders and decreased costs.
New Cosmos Electric Co., Ltd. announced that it will issue dividend of JPY 22.00 per share, or JPY 271 million in total, effective June 30, 2011, up from a forecast of JPY 20.00 per share announced on February 7, 2011, from retained earnings to shareholders as of March 31, 2011.