Hakuhodo DY Holdings Inc (2433.T)
16 Jan 2018
Latest Key Developments (Source: Significant Developments)
Hakuhodo DY Holdings units D.A.Consortium and Irep to be transferred into a holding company on Oct. 3
Hakuhodo DY Holdings Inc <2433.T>:Says two units D.A.Consortium Inc <4281.T> and Irep Co Ltd <2132.T> to be transferred into a holding company D.A.Consortium Holdings Inc., effective Oct. 3. Full Article
Hakuhodo DY Holdings Inc:Says the company raised the consolidated full-year outlook for the FY ending March 2016.Revenue forecast increased to 1,198,000 million yen from 1,194,000 million yen.Operating profit forecast increased to 41,500 million yen from 38,800 million yen.Ordinary profit forecast increased to 43,900 million yen from 40,300 million yen.Net profit forecast increased to 21,900 million yen from 20,900 million yen.Earnings per share forecast increased to 58.77 yen from 56.08 yen.Comments that increased sales revenue and cost control are the main reasons for the forecast. Full Article
HONG KONG (Reuters Breakingviews) - WPP has rebranded its Tokyo defence. The advertising conglomerate is selling into a $1.4 billion buyout it argued “significantly undervalues” its Japanese partner ADK. That reveals a weaker-than-billed negotiating position. One consolation could be re-investing in the Bain-led deal.