Takaoka Toko Co Ltd (6617.T)
19 Mar 2018
Latest Key Developments (Source: Significant Developments)
Takaoka Toko Co Ltd:Says the company increased the consolidated full-year outlook for revenue to 115,170 mln yen from 115,000 mln yen, for the fiscal year ended March 31, 2016.Operating profit forecast increased to 2,690 mln yen from 2,100 mln yen.Ordinary profit forecast increased to 2,850 mln yen from 2,250 mln yen.Net profit forecast increased to 1,510 mln yen from 1,100 mln yen.Earnings per share increased to 93.09 yen from 67.81 yen.Comments the advance payment in core business and cost reduction are the main reasons for the forecast. Full Article
Takaoka Toko Co Ltd:Says its former top shareholder Tokyo Electric Power Company Holdings, Inc.'s voting power in the company was lowered to 0 pct from 35.32 pct.Says TEPCO Power Grid, Incorporated which is the wholly owned subsidiary as well as the successor preparatory company of Tokyo Electric Power Company Holdings, Inc.'s, raises voting power in the company to 35.32 pct from 0 pct and becomes the top shareholder of the company.Changes occurred on April 1. Full Article
KHOBAR, Saudi Arabia State-controlled Saudi Electricity Co (SEC) has signed a deal with Japanese Tokyo Electric Power Co (TEPCO), Nissan Motor Co and Takaoka Toko for the first electric vehicle (EV) pilot project in the world's largest oil exporter, it said on Sunday.