Aug 2 (Reuters) - LIM Advisors::LIM ADVISORS STATEMENT ON REVISED TENDER OFFER FOR NICHIIGAKKAN.LIM ADVISORS - NOTES INCREASE IN TENDER OFFER PRICE FOR ALL COMMON STOCK OF NICHIIGAKKAN BY K.K. BCJ-44 TO ¥1,670 PER SHARE, ANNOUNCED FRIDAY 31 JULY.LIM ADVISORS SAYS BELIEVES REVISED TENDER OFFER PRICE CONTINUES TO BE SUBSTANTIALLY BELOW FAIR VALUE OF ABOUT ¥2,400 PER SHARE.LIM ADVISORS SAYS WILL NOT BE TENDERING ITS SHARES INTO REVISED OFFER..LIM ADVISORS SAYS VERY DISAPPOINTED BY BOARD'S CORPORATE GOVERNANCE, LACK OF WILLINGNESS BY BOARD TO PUBLICLY ENGAGE WITH MINORITY INVESTORS.LIM ADVISORS SAYS BELIEVES THAT REVISED TENDER OFFER SHOULD BE REJECTED.
July 9 (Reuters) - Nichiigakkan Co Ltd <9792.T>::JAPAN'S NICHIGAKKAN SAYS BAIN CAPITAL HAS EXTENDED TENDER OFFER FOR IT UNTIL AUG 3.
May 8 (Reuters) - :NICHIIGAKKAN CO LTD - BOARD PASSED RESOLUTION TO STATE OPINION IN FAVOR OF TENDER OFFER FOR SHARES AND STOCK ACQUISITION RIGHTS OF CO BY K.K. BCJ-44.NICHIIGAKKAN CO LTD - OFFEROR PLANS TO MAKE CO WHOLLY-OWNED SUBSIDIARY AND IT IS PLANNED FOR CO'S SHARES TO BE DELISTED.NICHIIGAKKAN CO LTD - TENDER OFFER PRICE JPY1,500 PER COMMON SHARE.NICHIIGAKKAN CO-OFFEROR IS WHOLLY-OWNED SUBSIDIARY OF BCJ-43 WHOSE OUTSTANDING SHARES ARE OWNED BY FUND TO WHICH BAIN CAPITAL PROVIDES INVESTMENT ADVICE.
Nov 8 (Reuters) - Nichiigakkan Co Ltd <9792.T>:Says it names Nobusuke Mori as new president to replace Akihiko Terada, effective Dec. 1.
Nichii Gakkan Co <9792.T>: Says the company to appoint PricewaterhouseCoopers Kyoto as provisional auditor to replace BDO Toyo & Co. .Says effective June 28.
NICHII GAKKAN CO:Says its Guangzhou-based wholly owned subsidiary engaged in management of business companies in South China area, to set up two wholly owned subsidiaries in Zhuhai and Foshan with registered capital of 1 million yuan respectively in June.
NICHII GAKKAN CO:Says its wholly owned Hong Kong-based unit to acquire 51 pct stake in Xi'an-based company which is engaged in provision of cleaning service and household management service, on March 2.
NICHII GAKKAN CO:Says the company lowered the consolidated full-year outlook for revenue to 240,900 mln yen from 243,700 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to a loss of 800 mln yen from 3,500 mln yen.Sees a decrease of ordinary profit forecast to a loss of 1,500 mln yen from 2,300 mln yen.Sees a decrease of net profit forecast to a loss of 1,800 mln yen from 1,100 mln yen.Sees a decrease of earnings per share to a loss of 28.00 yen from 17.10 yen.FY 2016 revenues of 277.18 billion yen, net income of 0.54 billion yen – Thomson Reuters I/B/E/S.Comments the decreased users of service provided by the company, cost recorded are the main reasons for the forecast.
NICHII GAKKAN CO:Says the company lowered the consolidated mid-year outlook for revenue to 136,500 mln yen from 137,700 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to a loss of 500 mln yen from 2,690 mln yen.Sees a decrease of ordinary profit forecast to a loss of 1,700 mln yen from 1,290 mln yen.Sees a decrease of net profit forecast to a loss of 2,300 mln yen from 320 mln yen.Sees a decrease of earnings per share to a loss of 35.73 yen from 4.96 yen.Comments the decreased sales of all services, decreased customer volume are the main reasons for the forecast.
NICHII GAKKAN CO:To establish a China-based joint venture with a Beijing-based company and a Shanghai-based company in August.The company will hold a 51 pct stake, the Beijing-based company will hold a 46 pct stake and the Shanghai-based company will hold a 3 pct company.Plan disclosed on July 31, 2014.