July 11(Reuters) - Chino Corp <6850.T>:Says it will retire 300,000 shares (3.1 percent of outstanding) of its common stock on July 31.Says the total shares outstanding 9.3 million shares after the retirement.
May 15 (Reuters) - Chino Corp <6850.T> ::* Says it appoints current president Takao Kariya as new chairman, Mikio Toyoda as new president, effective on June 28 .
Chino Corp:Says the company lowered the consolidated full-year outlook for revenue to 20,700 mln yen from 21,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 750 mln yen from 930 mln yen.Sees a decrease of ordinary profit forecast to 860 mln yen from 1,030 mln yen.Sees a decrease of net profit forecast to 420 mln yen from 540 mln yen.Sees a decrease of earnings per share to 48.97 yen from 62.96 yen.Comments the lower sales in core businesses as the main reason for the forecast.
Chino Corp:Says the company confirmed the consolidated full-year outlook for revenue at 18,000 million yen for the fiscal year ending March 31. 2015.Sees a decrease of operating profit forecast to 540 million yen from 800 million yen.Sees a decrease of ordinary profit forecast to 720 million yen from 830 million yen.Sees a decrease of net profit forecast to 440 million yen from 480 million yen.Sees a decrease of earnings per share to 51.50 yen from 56.25 yen.Comments that the decreased demand of measurement system as well as decreased sales in Korea market are the main reasons for the forecast.
Chino Corp:To acquire 1,160,000 shares (100 pct stake) of ULVAC-RIKO, Inc. from Ulvac Inc with amount of 751 million yen on Dec. 25.
Chino Corp:Raised year-end dividend forecast to 35 yen per share from 7 yen per share for FY ending March 2015.
Chino Corp:Plans to merge with its wholly owned subsidiary, CHINO SERVICE CORPORATION, a Saitama-based company and has been engaged in repair and maintenance of measurement and control equipment and sensors, product and sale of consumables.Merger effective date on Jan. 1, 2015.Says the subsidiary will be dissolved after the transaction.
DKK-TOA Corp and Chino Corp:Says to form business alliance on Feb. 13.Says the two companies will cooperate in development and technology cooperation, contract manufacturing and sales and technical support areas, with details to be discussed.
Chino Corp announced that it has lowered the consolidated full-year forecast for revenue from JPY 18,800 million to JPY 17,500 million, operating profit from JPY 860 million to JPY 470, ordinary profit from JPY 920 million to JPY 580 million, net profit from JPY 530 million to JPY 400 million and earning per share from JPY 12.53 to JPY 9.43 for the fiscal year ending March 31, 2014. The Company lowered the consolidated full-year outlook due to bad performance of the first half of fiscal year ending March 31, 2014.
Chino Corp announced that it expects JPY 108,537,000 extraordinary profit on sale of investment in securities for the second quarter of the fiscal year ending March 2014.