Meiwa Industry Co Ltd <7284.T>: Says it names Toshihiko Shimizu as chairman . Says it names Kiyoshi Iizuka as president .Says effective April 1.
MEIWA INDUSTRY CO LTD:Says the company lowered the consolidated full-year outlook for revenue to 19,000 million yen from 19,400 million yen for the fiscal year ended March 31, 2016.Sees a decrease of operating profit forecast to 90 million yen from 300 million yen.Sees a decrease of ordinary profit forecast to a loss of 90 million yen from 260 million yen.Sees a decrease of net profit forecast to 170 million yen from 390 million yen.Sees a decrease of earnings per share to 48.54 yen from 111.35 yen.Comments that decreased sales of automobile business is the main reason for the forecast.
MEIWA INDUSTRY CO LTD:To buy 96,000 shares for 96 million baht and 3,060 shares for 3.060 million baht, in MEIWA INDUSTRY(THAILAND) CO.,LTD. which is engaged in sale of automobile interior components in May.To raise stake in MEIWA INDUSTRY(THAILAND) to 100 pct from 49 pct after the transaction.
MEIWA INDUSTRY CO LTD:Raised the year-end dividend forecast to 30 yen per share from 20 yen per share for the FY ending March 2016.Says the 30 yen per share dividend includes a bonus dividend of 10 yen per share in the commemoration of its 60th anniversary of foundation.
MEIWA INDUSTRY CO LTD:To set up a unit MEIWA INDUSTRIA MÉXICO, S.A. DE C.V. in Mexico with its subsidiary MEIWA INDUSTRY NORTH AMERICA,INC. in Jan. with registered capital of 50,000 Mexican pesos.Says the co and its unit to hold a 99 pct and a 1 pct stake in MEIWA INDUSTRIA MÉXICO respectively.
MEIWA INDUSTRY CO LTD:Says the company increased the consolidated mid-year outlook for revenue to 9,200 mln yen from 9,000 mln yen, for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 40 mln yen from 100 mln yen.Confirms the ordinary profit forecast at 40 mln yen.Net profit forecast increased to 230 mln yen from 120 mln yen.Earnings per share increased to 65.68 yen from 34.26 yen.Says net profit outlook raised due to the gain on invest of securities and tax effect accounting.
MEIWA INDUSTRY CO LTD:Reaffirms mid-year dividend forecast of 2.00 yen per share for the fiscal year ending March 2016.Revises year-end dividend forecast to 20.00 yen per share from 2.00 yen per share, due to reverse stock split.
MEIWA INDUSTRY CO LTD:Says the company amended the consolidated full-year outlook for the FY ended March 2015.Revenue forecast increased to 20,200 million yen from 20,000 million yen.Operating profit forecast decreased to 410 million yen from 580 million yen.Ordinary profit forecast increased to 660 million yen from 550 million yen.Net profit forecast increased to 470 million yen from 360 million yen.Earnings per share forecast increased to 15.05 yen from 11.53 yen.Comments that increased expense and depreciation of Japanese yen are the main reasons for the forecast.
MEIWA INDUSTRY CO LTD:To distribute 1,043,000 shares of its treasury common stock at 160.14 yen per share through private placement to Daiwa Securities Co. Ltd.To raise 167,026,020 yen in total through private placement.Says subscription date on Sep. 29 and payment date on Sep. 30.
MEIWA INDUSTRY CO LTD:Says began list on the Tokyo Stock Exchange(TSE) first section from TSE second section on Sep. 12.