May 28 (Reuters) - Ehime Bank Ltd <8541.T>:Says it appoints Motohiro Honda as chairman of the board and Yoshinori Nishikawa as president, effective June 28 .
Ad Me Tech Co Ltd <7778.T>: Says it will issue 32,258 new shares at the price of 155 yen per share, or for 5.0 million yen in total, through private placement to The Ehime Bank, Ltd. . Says payment date on Aug. 4 .Says proceeds to be invested in R& D, production and sales activities.
Ehime Bank Ltd:Raised mid-year dividend forecast to 5 yen per share from 3 yen per share for FY ending March 2016.
Ehime Bank Ltd:Raised full-year consolidated outlook for fiscal year ended March 31, 2014.Full-year ordinary profit outlook of 9,930 mln yen raised from 7,400 mln yen.Full-year net profit outlook of 4,570 mln yen raised from 3,850 mln yen.Full-year earnings per share outlook of 25.79 yen raised from 21.72 yen.Outlook raised due to decreased credit related expense.
Ehime Bank Ltd:Sets conversion price at 237 yen per share for the unsecured convertible bonds announced on Dec. 6, worth 8 billion yen in total.
Ehime Bank Ltd:Says to issue the first series unsecured convertible bonds with 120 pct call options.Says total amount is 8 billion yen.Says face value of 1 million yen.Says coupon rate of 0.15 pct.Says issue price at 102.5 yen for every 100 yen.Says maturity on Mar. 31, 2021.Says payment date during Dec. 24 to Dec. 27.
Ehime Bank Ltd announced that it has lowered its consolidated full-year outlook for ordinary profit from JPY 10,500 million to JPY 7,400 million, net profit from JPY 5,650 million to JPY 3,850 million and earning per share from JPY 31.88 to JPY 21.72 , for the fiscal year ending March 2014. The Company lowered the Company due to the increased credit related cost.
Ehime Bank Ltd announced that it has decided to dissolve a wholly owned subsidiary, which is engaged in consulting business and merger & acquisition business, effective July 2013.
The Ehime Bank, Ltd. announced that it has appointed Kojiro Nakayama as Chairman of the Board, and has appointed Motohiro Honda to replace Kojiro Nakayama as President of the Company, effective June 28, 2012.
The Ehime Bank, Ltd. announced that it has raised the consolidated mid-year outlook for revenue from JPY 19,900 million to JPY 21,620 million, ordinary profit from JPY 3,500 million to JPY 4,850 million, net profit from JPY 2,000 million to JPY 2,560 million and earning per share from JPY 11.28 to JPY 14.44 for the fiscal year ending March 2012. The positive outlook is mainly due to the decrease of credit related costs, as well as reverse of bad debt allowance.