Takaoka Toko Co Ltd (6617.T)
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
Takaoka Toko Co Ltd:Says the company amended the consolidated full-year outlook for the FY ending March 2016.Confirmed the revenue at 115,000 million yen.Operating profit forecast increased to 2,100 million yen from 1,700 million yen.Ordinary profit forecast increased to 2,250 million yen from 1,800 million yen.Confirmed the net profit forecast at 1,100 million yen.Confirmed the earnings per share at 67.81 yen.Comments that cost down and expense reduction are the main reasons for the forecast. 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.