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Cresco Ltd (4674.T)

4674.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Cresco to sell 7.2 pct stake in LTS
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Cresco Ltd <4674.T>:Says it will sell 7.2 percent stake in LTS,Inc., which is engaged in corporate transformation consulting, with undisclosed price, effective Dec. 14 .Says it will decrease voting power in LTS,Inc. to 14.3 percent(514,000 shares) from 21.5 percent (664,000 shares).  Full Article

Cresco says business integration between units
Monday, 30 Oct 2017 

Oct 30(Reuters) - Cresco Ltd <4674.T>:Says it plans to transfer Kansai sales office of wholly owned unit IOS Co Ltd to 96.5 percent-owned unit Media Magic Co Ltd.Says integration date on April 2, 2018.  Full Article

Cresco to dissolve Shanghai software development unit
Monday, 29 Aug 2016 

Cresco Ltd <4674.T>:Says it plans to dissolve Shanghai-based software development unit in March, 2017.  Full Article

Cresco to fully buy N-System Corporation
Friday, 29 Jul 2016 

Cresco Ltd <4674.T>: Says it plans to buy 100 percent stake in N-System Corporation on Sept. 1 . Says N-System Corporation is engaged in system consulting, design, development and cloud service .Says acquisition price is not disclosed.  Full Article

Cresco raises consolidated full-year revenue outlook and year-end dividend forecast for FY 2016
Wednesday, 23 Mar 2016 

Cresco Ltd:Says the company increased the consolidated full-year outlook for revenue to 28,600 mln yen from 27,600 mln yen, for the fiscal year ending March 31, 2016.Operating profit forecast increased to 2,400 mln yen from 2,300 mln yen.Ordinary profit forecast increased to 2,800 mln yen from 2,600 mln yen.Sees a decrease of net profit forecast to 1,660 mln yen from 1,780 mln yen.Sees a decrease of earnings per share to 146.96 yen from 158.07 yen.Says revenue outlook raised due to increased volume of development cases and cost reduction, and net profit outlook lowered due to the extraordinary loss in unit reorganization.Says it raised the year-end dividend forecast to 27 yen per share from 23 yen per share for the fiscal year ending March 2016.  Full Article

Cresco announces merger between subsidiaries
Monday, 25 Jan 2016 

Cresco Ltd:Says subsidiary CRESCO e-Solution Co.,LTD. to merge subsidiary System Integration Service Co.,Ltd.System Integration Service Co.,Ltd. to be dissolved after merger.Planned effective April 1.  Full Article

BRIEF-Cresco to sell 7.2 pct stake in LTS

* Says it will sell 7.2 percent stake in LTS,Inc., which is engaged in corporate transformation consulting, with undisclosed price, effective Dec. 14