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Recreational Products

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Nikon to offer early-retirement program for 1,000 employees

Monday, 12 Dec 2016

Nikon <7731.T>: Says it will offer an early-retirement program with a subsidiary to employees, who are above 40 years old as of March 31, 2017 and over 5 years of service . Says offering period from Jan. 30, 2017 to Feb. 10, 2017 . The company expects 1,000 employees to take the offer . Says the employees who take up the offer will retire on March 31 .The company will provide retirement payment and outplacement support to the retiring employees.

Miroku to dissolve machinery unit in China

Tuesday, 20 Sep 2016

Miroku Corp <7983.T> :Says it plans to dissolve its wholly owned machinery unit located in Taicang, China.

Amer Sports confirms 2020 financial targets, raising organic growth goal

Wednesday, 31 Aug 2016

Amer Sports Oyj : Confirms its 2020 financial targets, raising organic growth goal . Now targets to reach 3.5 billion euros ($3.90 billion) organically, instead of through combination of organic growth and acquisitions, as announced in 2015 . Will start targeted restructuring to free up operating expenses of about 20 million euros, which will be reallocated to fund acceleration . Restructuring will be implemented by end of 2017 . Restructuring expenses will be 20 million - 25 million euros recognized in H2 2016 and H1 2017 . Cash flow impact will be about 20 million euros .Financial targets set in 2015 include net sales of at least 3.5 billion euros with minimum mid-single digit organic, currency-neutral annual growth and annual EBIT growth (excl. items affecting comparability) ahead of net sales growth.

Cybergun reorganises U.S. business

Wednesday, 9 Mar 2016

Cybergun SA:Reorganises U.S. business.To merge warehouses in Dallas, TX and Minneapolis, MN; estimated annual saving of $700,000.

GRAPHITE DESIGN to stop cycle business

Friday, 22 Jan 2016

GRAPHITE DESIGN INC:To stop the manufacturing and sale of original cycle-parts from Feb. 29.Says it will still provide OEM parts.

YAMAHA announces merger between subsidiaries

Tuesday, 22 Dec 2015

YAMAHA CORP:Says its wholly owned Shizuoka-based subsidiary to merge with its another wholly owned Shizuoka-based subsidiary YAMAHA MUSIC ELECTORNICS JAPAN CO., LTD. on April 1, 2016.Says YAMAHA MUSIC ELECTORNICS to be dissolved after transaction.


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