May 10(Reuters) - Nakabayashi Co Ltd <7987.T>:Says it appoints current president Hajime Tsujimura as chairman of the board, and appoints Hideaki Yumoto as new president of the company, effective June 22.
Nakabayashi Co Ltd <7987.T> : Says it completes repurchase of 1.7 million shares at 481.3 million yen by Sept. 27 .Says this is result of the plan disclosed on May 10.
NAKABAYASHI CO LTD:Completes repurchase of 1,340,000 shares of its common stock, at the price of 391,860,000 yen in total, on March 28.
NAKABAYASHI CO LTD:Repurchases 130,000 shares for 40.9 million yen in total from Dec. 1, 2015 to Dec. 31, 2015.Says this was part of the share repurchase plan announced on June 26, 2015.Says accumulatively repurchased 1,133,000 shares for 336.6 million yen in total as of Dec. 31, 2015.
NAKABAYASHI CO LTD:Says the company increased the consolidated mid-year outlook for revenue to 25,148 mln yen from 24,700 mln yen, for the fiscal year ending March 31, 2016.Operating profit forecast increased to 558 mln yen from 70 mln yen.Ordinary profit forecast increased to 750 mln yen from 230 mln yen.Sees a decrease of net profit forecast to 231 mln yen from 300 mln yen.Sees a decrease of earnings per share to 4.18 yen from 5.39 yen.Says the company increased the consolidated full-year outlook for revenue to 56,500 mln yen from 56,000 mln yen, for the fiscal year ending March 31, 2016.Operating profit forecast increased to 2,020 mln yen from 1,500 mln yen.Ordinary profit forecast increased to 2,350 mln yen from 1,800 mln yen.Confirms the net profit forecast at 1,200 mln yen.Confirms the earnings per share at 21.66 yen.Comments the improved performance in subsidiaries, cost reduction are the main reasons for the forecast.
NAKABAYASHI CO LTD:To repurchase up to 2,000,000 shares, representing a 3.59 pct stake.Says share repurchase up to 500,000,000 yen in total.Says repurchase period from July 1 to March 28, 2016.To retire 2,000,000 shares (3.24 pct stake) of its common stock on July 10.
NAKABAYASHI CO LTD:To sell the trust beneficiary rights in a property located in Yokohama, for 130 million yen, on July 31.Expects extraordinary loss of 536 mln yen for Q1 of FY ending March 2016.
NAKABAYASHI CO LTD and ODK Solutions:To cooperate on DPS (Digital Publishing Suite) utilization, supplying new service and cross sales of service.To acquire 450,000 shares (5.48 pct stake) of ODK Solutions for about 153,900,000 yen on Nov. 25.To hold 6.16 pct voting rights in ODK Solutions.
NAKABAYASHI CO LTD:Says the company lowered the consolidated mid-year outlook for revenue to 23,709 million yen from 24,000 million yen for FY ending March 2015.Operating profit forecast increased to 89 million yen from 80 million yen.Ordinary profit forecast increased to 285 million yen from 220 million yen.Net profit forecast increased to 144 million yen from 80 million yen.Earnings per share increased to 2.59 yen from 1.44 yen.Comments the sales decrease in printing and bookbinding business and decreased cost of sales ratio and increased profitability of subsidiaries are the main reasons for the forecast.
NAKABAYASHI CO LTD:Plans to merge with its wholly owned Tokyo-based subsidiary, which is engaged in paper envelope manufacturing business, letterpress printing and offset printing business.Merger expected effective on July 1.Says the subsidiary will be dissolved after the transaction.