Kansai Paint Co Ltd (4613.T)
21 Nov 2017
Latest Key Developments (Source: Significant Developments)
Kansai Paint to invest about 11.5 bln yen to hold 50 pct stake in Polisan Boya Sanayi ve Ticaret A.S.
Kansai Paint Co Ltd <4613.T>: Says it to invest about 11.5 billion yen for 50 percent stake in Polisan Boya Sanayi ve Ticaret A.S., via stake acquisition from Polisan Holding A.S. and capital injection . Says the co and Polisan Holding A.S. to hold 50 percent stake in Polisan Boya Sanayi ve Ticaret A.S. respectively after investment that planned effective in late December .Says previous release disclosed on May 25. Full Article
Kansai Paint's local unit to purchase all Sancora Paint shares for around 2 billion yen ($19.3 million) - Nikkei
Nikkei:Kansai Paint's local subsidiary will purchase all shares in Sancora Paint in a deal estimated at around 2 billion yen ($19.3 million) - Nikkei. Full Article
Nikkei: Kansai Paint aims to lift annual regional sales to the 10 billion yen ($97.7 million) range from between 5 billion yen and 6 billion yen - Nikkei . Kansai Paint Co will buy all outstanding shares of Saudi Industrial Paint for a sum expected to be in the hundreds of millions of Yen - Nikkei Source - http://s.nikkei.com/2bURbpk ((Bangalore.email@example.com;)). Full Article
Kansai Paint Co Ltd <4613.T>: Says the co and its unit Kansai Paint (America), Inc. (KPA) to buy shares of U.S. Paint Corporation in the middle of August . Says the co to hold 31 percent and KPA to hold 20 percent stake in the target co after transaction .Says transaction price of $51 million. Full Article
Kansai Paint Co Ltd <4613.T> :Says it bought back about 9 million shares on June 2 for about 20 billion yen. Full Article
Kansai Paint Co Ltd <4613.T> : Says it plans to buy back 10.5 million shares (3.94 percent of outstanding) for up to 20 billion yen, from June 2 to March 31, 2017 .Says as a part of the share repurchase plan, the company plans to buy back about 9 million shares at 2,219 yen per share (the closing price of June 1) on June 2. Full Article
Kansai Paint Co Ltd <4613.T>: Say it will issue 2019 due Euro Yen-denominated convertible bonds worth 40 billion yen and 2022 due Euro Yen-denominated convertible bonds worth 60 billion yen . Says bonds maturity date on June 17, 2019 and June 17, 2022 respectively . Says issue price of 2019 due bonds will be no less than 102.5 percent of par value and issue price of 2022 due bonds will 103 percent of par value . Says both of the bonds with no coupon rate and payment date on June 17 .Says proceeds to be used for working capital supplement. Full Article
Kansai Paint Co Ltd <4613.T>: Says it planned to acquire up to 50 percent stake in Turkey-based co Polisan Boya Sanayi ve Ticaret A.S. from Polisan Holding A.S.
Polisan Holding AS
KANSAI PAINT CO LTD:Says the company lowered the consolidated full-year outlook for revenue to 328,000 million yen from 370,000 million yen for FY ended March 2016.Sees a decrease of operating profit forecast to 34,000 million yen from 38,500 million yen.Sees a decrease of ordinary profit forecast to 39,000 million yen from 44,000 million yen.Sees a decrease of net profit forecast to 28,000 million yen from 29,000 million yen.Sees a decrease of earnings per share to 105.12 yen from 108.87 yen.Comments the decreased sales and income are the main reasons for the forecast. Full Article