Key Developments: Yorozu Corp (7294.T)
1,766JPY
24 May 2013
¥28 (+1.61%)
¥1,738
¥1,738
¥1,789
¥1,711
118,200
90,700
¥1,902
¥1,080
Latest Key Developments (Source: Significant Developments)
YOROZU CORP to Establish New Subsidiary in Brazil
YOROZU CORP announced that it has decided to establish a new subsidiary, YOROZU AUTOMOTIVA DO BRASIL LTDA., which will be engaged in manufacturing and sales of automobile suspension components and related products, in October 2012. The Company also announced that there's a possibility of other companies' share participation. Full Article
YOROZU CORPORATION to Establish Overseas Subsidiaries
YOROZU CORPORATION announced that it has decided to establish a subsidiary, Yorozu Automotive Guanajuato de Mexico, S.A. de C.V. (tentative name), which will be engaged in manufacturing and sales of suspension part for automobile, as well as related part in Mexico, in February 2012. The Company has also decided to establish a subsidiary, Y-Ogura Automotive (Thailand) Co., Ltd., which will be engaged in manufacturing and sales of suspension part for automobile, as well as related part in Thailand, in April 2012. Full Article
YOROZU CORPORATION Raises Consolidated Full-year Outlook for FY 2012
YOROZU CORPORATION announced that it has raised its consolidated full-year outlook for revenue from JPY 98,900 million to JPY 100,000 million, operating profit from JPY 7,020 million to JPY 7,900 million, ordinary profit from JPY 7,050 million to JPY 8,010 million, net profit from JPY 4,040 million to JPY 4,750 million and earning per share from JPY 200.56 to JPY 236.02, for the fiscal year ending March 2012. This is due to the increased sales, among others. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 101.10 billion and earning per share of JPY 211.40. Full Article
YOROZU CORPORATION to Establish New Subsidiary
YOROZU CORPORATION announced that it will establish a new subsidiary, PT. Yorozu Automotive Indonesia, which will be engaged in the manufacturing and sale of suspension and related parts for automotive use in Indonesia, in January 2012. PT. Yorozu Automotive Indonesia will start businesses since October 2013. Full Article
YOROZU CORPORATION Issues Consolidated Mid-year and Full-year Guidance for FY 2012; Amends Mid-year and Year-end Dividend Forecasts for FY 2012
YOROZU CORPORATION announced that it has issued the consolidated mid-year guidance for revenue of JPY 48,200 million, operating profit of JPY 3,770 million, ordinary profit of JPY 3,800 million, net profit of JPY 2,120 million and earning per share of JPY 105.25 for the fiscal year ending March 31, 2012. The Company has issued the consolidated full-year guidance for revenue of JPY 98,800 million, operating profit of JPY 6,480 million, ordinary profit of JPY 6,440 million, net profit of JPY 3,600 million and earning per share of JPY 178.72 for the fiscal year ending March 31, 2012. The Company has amended the mid-year dividend forecast from an undetermined value to JPY 9.00 per share and year-end dividend forecast from an undetermined value to JPY 10.00 per share for the fiscal year ending March 31, 2012. Full Article
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