NH Foods Ltd (2282.T)
Latest Key Developments (Source: Significant Developments)
Oct 26 (Reuters) - Nikkei ::NH Foods will acquire 30 percent stake in Panus Poultry for $79.1 million by end of this fiscal year - Nikkei. Full Article
NH Foods Ltd <2282.T>: Says it planned business and capital alliance with Hokkaido Milk Products Co.，Ltd . Says it to acquire shares (about 20 percent stake) of Hokkaido Milk Products via private placement .Says the co and Hokkaido Milk Products planned to set up a jv for production of yogurt. Full Article
NH Foods Ltd:Says the company amended the consolidated full-year outlook for the FY ended March 2016.Revenue forecast revised to 1,240,700 million yen from 1,260,000 million yen.Operating profit forecast revised to 46,300 million yen from 43,000 million yen.Ordinary profit forecast revised to 32,100 million yen from 40,000 million yen.Net profit forecast revised to 21,700 million yen from 27,500 million yen.Earnings per share revised to 106.53 yen from 135.00 yen.Comments that impairment loss is the main reason for the forecast. Full Article
NH Foods Ltd:To set up a JV in Malaysia named as NHF Manufacturing (Malaysia) Sdn.Bhd., with Lay Hong Berhad in April.JV to be mainly engaged in manufacture, sale and R&D of processed food.Says the company and Lay Hong Berhad to hold a 51 pct stake and a 49 pct stake in JV respectively. Full Article
TOKYO, March 19 Japan's Nikkei share average dropped to more than a one-week low on Monday morning as investors repsonded to opinion polls showing falling support for Prime Minister Shinzo Abe amid a cronyism scandal that has gripped the country.