Suzuken Co Ltd (9987.T)
23 Mar 2018
Latest Key Developments (Source: Significant Developments)
Sept 25 (Reuters) - Suzuken Co Ltd <9987.T>:Says it plans to form business and capital alliance with Yamato Scientific Co., Ltd..Through business alliance, two entities will cooperate on medical business .Through capital alliance, co will acquire 300,000 shares (2.7 percent stake) of Yamato Scientific . Full Article
Suzuken Co Ltd <9987.T> : Says it plans to form a capital and business alliance with EPS Holdings Inc <4282.T> and EPS Holdings' unit, to cooperate in medical and health industry . Says co will buy 1.5 million shares (3.25 percent) of EPS Holdings' treasury stock through private placement plan offered by EPS Holdings, at 2.0 billion yen on Oct. 18 . Says co will buy 3,500 new shares (35 percent stake) in EPS Holdings' unit, which is mainly engaged in promotion and management of group business in China, via private placement at 2.7 billion yen, on Oct. 18 .Co will hold a 35 percent stake in EPS Holdings' unit after the transaction. Full Article
SUZUKEN CO LTD:Says the company increased the consolidated full-year outlook for revenue to 2,228,300 mln yen from 2,157,300 mln yen, for the fiscal year ended March 31, 2016.Operating profit forecast increased to 28,200 mln yen from 18,000 mln yen.Ordinary profit forecast increased to 45,700 mln yen from 34,800 mln yen.Net profit forecast increased to 28,900 mln yen from 22,000 mln yen.Earnings per share increased to 291.52 yen from 221.92 yen.Says increased sales of new drugs in core business as main reason for the forecast. Full Article
SUZUKEN CO LTD:Rating and Investment Information, Inc. (R&I) affirmed SUZUKEN's issuer rating at "A".Rating outlook stable. Full Article
* Says it plans to form business and capital alliance with Yamato Scientific Co., Ltd.