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Moresco Corp (5018.T)

5018.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Moresco to set up MORESCO INDIA PRIVATE LIMITED
Tuesday, 13 Dec 2016 

Moresco Corp <5018.T>: Says it plans to set up new unit in India, named as MORESCO INDIA PRIVATE LIMITED, with its unit MORESCO(Thailand)Co., Ltd. . Says the new unit to be engaged in business of hot melt adhesives and lubricating oil .Says the new unit to be capitalized at INR 180 million and the co to hold 90 percent stake in it.  Full Article

Moresco says technology alliance with ideal star
Friday, 26 Aug 2016 

Moresco Corp <5018.T>: Says it resolved to sign basic agreement of technology alliance with Japan-based co ideal star inc .Says two entities to cooperate on research and development, manufacture, sale of organic thin-film solar cell product.  Full Article

MORESCO revises consolidated full-year outlook for FY 2016
Tuesday, 23 Feb 2016 

MORESCO Corp:Says the company lowered the consolidated full-year outlook for revenue to 26,500 million yen from 27,000 million yen for FY ending Feb. 2016.Operating profit forecast remained at 2,200 million yen.Sees a decrease of ordinary profit forecast to 2,450 million yen from 2,600 million yen.Sees a decrease of net profit forecast to 1,550 million yen from 1,600 million yen.Sees a decrease of earnings per share to 160.33 yen from 165.50 yen.Comments the lowed price of crude oil and higher quotation for yen are the main reasons for the forecast.  Full Article