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Tokyu Corp (9005.T)

9005.T on Tokyo Stock Exchange

1,671JPY
17 Nov 2017
Change (% chg)

¥13 (+0.78%)
Prev Close
¥1,658
Open
¥1,681
Day's High
¥1,683
Day's Low
¥1,660
Volume
1,469,000
Avg. Vol
1,158,740
52-wk High
¥1,806
52-wk Low
¥1,566

Latest Key Developments (Source: Significant Developments)

Tokyu plans merger with real estate agency unit
Wednesday, 27 Jul 2016 

Tokyu Corp <9005.T> : Says it plans to merge with its wholly owned subsidiary which is engaged in real estate business, effective on Oct. 1 .Says the unit to be dissolved after the transaction.  Full Article

Tokyu seen boosting profit at Tokyo development - Nikkei
Tuesday, 7 Jun 2016 

: Tokyu seen boosting profit at Tokyo development - Nikkei . A Tokyo shopping, residential and office complex expected to contribute over 5 bln Yen ($46.5 mln) to operating profit of Tokyu in fiscal year ending in march - Nikkei . Property-related operating profit at the complex likely will rise to about 3.5 billion yen this fiscal year - Nikkei .Tokyu will stop waiving rent at complex's office building, which houses companies such as Rakuten - Nikkei.  Full Article

Tokyu announces result of takeover bid for shares of Tokyu Recreation and share purchase
Friday, 11 Mar 2016 

Tokyu Corp:Says 5,869,534 shares of Tokyu Recreation Co Ltd were offered in a takeover bid by Tokyu Corp from Feb. 12 to March 10.Acquisition price at 850 yen per share.Commencement date of settlement on March 17.Says Tokyu Corp to raise voting power in Tokyu Recreation to 40.71 pct from 24.25 pct, after the takeover bid.To buy 2,619,236 shares (8.2 pct voting power) of Tokyu Recreation Co Ltd, from Tokyu Recreation Co Ltd, for 2,226,350,600 yen in total.To directly hold 48.91 pct voting power in Tokyu Recreation, and to hold 1.19 pct indirectly.  Full Article

SHIROKI announces Tokyu Corp to cut voting power in co
Tuesday, 1 Mar 2016 

SHIROKI CORP:Says SHIROKI 's former second major shareholder Tokyu Corp to lower voting power in the co to 0 pct from 13.21 pct, on March 4.  Full Article

Tokyu to start TOB for shares of Tokyu Recreation Co., Ltd, buy shares and announces capital and business alliance agreement
Wednesday, 10 Feb 2016 

Tokyu Corp:To start TOB for shares of Tokyu Recreation Co., Ltd(Target).Number of shares to be purchased will be limited to a maximum of 5,255,000 shares.Total number of shares that will be held by the company is 40.71 pct ownership after TOB.To underwrite addition of 2,619,236 shares (8.20 pct ownership) through disposition of the Target Treasury Stock.Shares price at 850 yen per share.Due date of payment is March 17.Two companies to gather know-how to make Shinjuku an important base that constitutes the circular trip network with Shibuya and Futako-Tamagawa, and to create a new form 8 of entertainment facilities in the redevelopment of the site of the former Shinjuku Tokyu Bunka Kaikan (Shinjuku TOKYU MILANO).The Company and the Target will secure a business base of the Target in Shibuya by strengthening the relationship between the two companies.  Full Article

R&I affirms Tokyu Corp's rating at "A" and positive outlook
Monday, 18 Jan 2016 

Tokyu Corp:Rating and Investment Information, Inc. (R&I) affirms the company's issuer rating at "A".Rating outlook positive, changed from stable.  Full Article

BRIEF-Tokyu unit receives report from external investigation committee

* Says unit Nagano Tokyu Department Store Co Ltd receives investigation report from external investigation committee on June 13