Orient Corp (8585.T)

8585.T on Tokyo Stock Exchange

19 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Orient raises consolidated full-year outlook for FY 2016
Tuesday, 12 Apr 2016 

Orient Corp:Says the company increased the consolidated full-year outlook for revenue to 211,800 mln yen from 209,200 mln yen, for the fiscal year ended March 31, 2016.Operating profit forecast increased to 29,400 mln yen from 24,500 mln yen.Ordinary profit forecast increased to 29,400 mln yen from 24,500 mln yen.Net profit forecast increased to 24,500 mln yen from 21,000 mln yen.Earnings per share increased to 17.40 yen from 14.92 yen.Comments the growth in core business and cost reduction are the main reasons for the forecast.  Full Article

Orient announces change of chairman and president
Wednesday, 30 Mar 2016 

Orient Corp:Appoints Masayuki Saito who is current president of the company, as new chairman of the board to succeed current chairman Yoshimasa Nishida.Appoints Masaaki Kono as new president to replace Masayuki Saito.Changes effective in late June.  Full Article

R&I affirms Orient 's rating at "BBB+" and announces stable outlook
Friday, 5 Feb 2016 

Orient Corp:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "BBB+".Rating outlook stable.  Full Article

Fitch Assigns Final Ratings to OSCAR US 2017-2

(The following statement was released by the rating agency) TOKYO, September 26 (Fitch) Fitch Ratings has assigned final ratings to the notes to be issued by OSCAR US Funding VII LLC. The transaction is ultimately backed by a pool of auto loan receivables originated by Orient Corporation (Orico) in Japan. The final ratings are as follows: USD62.0 million Class A-1 notes (initial credit enhancement (CE): 86.7%*): 'F1+sf'; USD89.3 million Class A-2a notes (initial CE: 48.1%*): 'AAAsf'; Outlook Sta