Toyo Logistics Co Ltd:To set up a wholly owned Thailand-based subsidiary named TOYO SOKO (THAILAND) CO., LTD. with registered capital of 200 mln baht in early December.
Toyo Logistics Co Ltd:To set up subsidiary TOYO WAREHOUSE (THAILAND) CO.,LTD in early December.
Toyo Logistics Co Ltd:To establish a new 99.9 pct owned subsidiary, TOYO WAREHOUSE (THAILAND) CO.,LTD., which will be engaged in the logistic center business in Thailand.Effective date Oct. 2015.TOYO WAREHOUSE (THAILAND) to start business in Feb. 2016.
Toyo Logistics Co Ltd:Full-year consolidated outlook for revenue of 23,100 mln yen raised from 22,800 mln yen, for fiscal year ended March 31, 2015.Full-year operating profit outlook of 760 mln yen raised from 680 mln yen.Full-year ordinary profit outlook of 870 mln yen raised from 770 mln yen.Full-year net profit outlook of 585 mln yen lowered from 900 mln yen.Full-year earnings per share outlook of 15.36 yen lowered from 23.63 yen.Revenue, operating profit and ordinary profit outlook raised due to increased delivery volume of goods and cost reduction, and net profit outlook lowered due to impairment loss.
Toyo Logistics Co Ltd:Expects to record about 540 million yen impairment loss on fixed asset as extraordinary loss for the fiscal year ending March 2015.
Toyo Logistics Co Ltd:Says the company increased the consolidated full-year outlook for revenue to 22,800 million yen from 21,500 million yen for FY ending March 2015.Operating profit forecast increased to 680 million yen from 640 million yen.Ordinary profit forecast increased to 770 million yen from 700 million yen.Net profit forecast increased to 900 million yen from 450 million yen.Earnings per share increased to 23.63 yen from 11.81 yen.Comments the extraordinary profit and costs reduction are the main reasons for the forecast.
Toyo Logistics Co Ltd:Sees raised mid-year consolidated outlook for fiscal year ending March 2015.Sees revenue of 11,200 million yen raised from 10,500 million yen.Sees operating profit of 360 million yen raised from 300 million yen.Sees ordinary profit of 400 million yen raised from 330 million yen.Sees net profit of 285 million yen raised from 215 million yen.Sees earnings per share of 7.48 yen raised from 5.64 yen.Says outlook raised due to increased sales of new and existing cargo business, as well as the decreased costs and expenses.
Toyo Logistics Co Ltd:Subsidiary TOYO LOGISTICS(S) PTE.LTD. set up a joint venture named TOYO AIG LOGISTICS (MYANMAR) CO.,LTD. with two Myanmar companies on July 16.The joint venture will be engaged in integrated logistics services.The joint venture began business on Sep. 1.TOYO LOGISTICS(S) PTE.LTD. hold 60 pct stake in the joint venture.
Toyo Logistics Co Ltd:Sees consolidated full-year revenue of 22,000 million yen for the fiscal year ending Mar. 31, 2014, compared to the previous forecast of 20,700 million yen.Sees operating profit of 630 million yen, compared to the previous forecast of 550 million yen.Sees ordinary profit of 690 million yen, compared to the previous forecast of 550 million yen.Sees net profit of 500 million yen, compared to the previous forecast of 340 million yen.Sees earnings per share of 13.13 yen, compared to the previous forecast of 8.93 yen.Says this is due to increased sales and decreased cost.
Reuters reported that Japan Credit Rating Agency, Ltd. has affirmed the rating on Toyo Logistics Co Ltd at "BBB". The rating outlook is stable.