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Morozoff Limited

2217.T

Latest Trade

5,110.00JPY

Change

-40.00(-0.78%)

Volume

3,600

Today's Range

5,110.00

 - 

5,190.00

52 Week Range

4,610.00

 - 

5,380.00

As of on the Tokyo Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Morozoff: To Buy Back Up To 12,500 Shares For As Much As 65.4 Million Yen Before Market Open Wednesday

Dec 11 (Reuters) - Japan's Morozoff Ltd <2217.T>::TO BUY BACK UP TO 12,500 SHARES FOR AS MUCH AS 65.4 MILLION YEN BEFORE MARKET OPEN WEDNESDAY.

Morozoff Limited to Sell Property; Expects Extraordinary Loss for FY 2012

Morozoff Limited announced that it has decided to sell a property to a Japan-based company for JPY 165 million in the end of January 2012. The Company expects JPY 125 million extraordinary loss on the sale of property for the fiscal year ending January 2012.

Morozoff Limited Announces Officer Changes

Morozoff Limited announced that it has appointed Yuichi Kawakita as the new Chairman of the Board in the Company, and Shinji Yamaguchi, who will replace Yuichi Kawakita, as the new President of the Company, effective April 27, 2011.

Morozoff Limited Raises Full-year Consolidated Outlook; Lowers Year-end Dividend Forecast for FY Ended January 31, 2010

Morozoff Limited announced that it has raised its full-year consolidated outlook for revenue from JPY 27,200 million to JPY 27,300 million, operating profit (loss) from JPY (260 million) to JPY (120 million), ordinary profit (loss) from JPY (220 million) to JPY (80 million), and net profit (loss) from JPY (520 million) to JPY (470 million) for the fiscal year ended January 31, 2010. The Company raised its full-year outlook mainly due to the smooth movement of product sales. The Company also lowered its year-end dividend forecast from JPY 6.00 per share, which was announced on March 24, 2009, to JPY 4.00 per share, for the fiscal year ended January 31, 2010.

Morozoff Limited to Sell Property

Morozoff Limited announced that it will sell a property located in Kobe, Japan, at the price of JPY 441.5 million in total, to FUJIHISA Co.,Ltd., which is engaged in the construction work and building trade businesses in Osaka, Japan, effective April 30, 2010.

Morozoff Limited to Sell Property and Expects Extraordinary Loss for FY Ended January 2010

Morozoff Limited announced that it will sell a property, which is located in Kobe, Japan, to a company, which is engaged in general real estate business, house sale business, as well as agent for trust beneficiary right in Osaka, Japan, at the price of JPY 487 million, in May 2010. Therefore, the Company has expected the extraordinary loss of JPY 410 million caused by depletion loss on sale of fixed asset, for the fiscal year ending January 2010.

Morozoff Limited Expects Extraordinary Loss; Lowers Full-year Profit Outlook for FY Ending January 31, 2009

Morozoff Limited announced that it expects to record JPY 87 million extraordinary loss, resulted from the loss on investment in securities, for the fiscal year ending January 31, 2009. The Company lowered its full-year guidance for revenue of JPY 27,900 million, and lowered its full-year guidance for operating profit from JPY 600 million to JPY 520 million, ordinary profit from JPY 650 million to JPY 570 million, net profit (loss) from JPY 50 million to (JPY 20 million), for the fiscal year ending March 31, 2009.

Morozoff Limited Expects Extraordinary Loss; Issues Mixed Consolidated Full-year Outlook for FY Ending January 31, 2009

Morozoff Limited announced that it expects to record JPY 380 million extraordinary loss caused by the loss on impairment of property for the fiscal year ending January 31, 2009. The Company has raised its consolidated full-year outlook for revenue from JPY 27,800 million to JPY 27,900 million, operating profit from JPY 500 million to JPY 600 million and ordinary profit from JPY 550 million to JPY 650 million, but lowered its consolidated full-year net profit forecast from JPY 250 million to JPY 50 million for the fiscal year ending January 31, 2009. The raise of the revenue, operating profit and ordinary profit outlook is due to the sale of new product and decreased cost, and the reduction of the net profit forecast is due to the extraordinary loss.

Morozoff Limited Announces Expansion of Plant in Kobe

Morozoff Limited announced that it has decided to expand its Kobe plant which produces chocolates and confectionery by spending approximately JPY 2.6 billion. The construction will start in April 2009 and will be completed in October 2009, with the new facilities to be in operation from June 2010.

Morozoff Limited Raises Consolidated Full-year Financial Guidance for FY Ending January 2008; Above Analysts' Estimates

Morozoff Limited announced that it has raised its consolidated full-year financial guidance for revenue from JPY 26.2 billion to JPY 26.5 billion, ordinary profit from JPY 700 million to JPY 800 million and net profit from JPY 600 million to JPY 700 million for the fiscal year ending January 2008. The Company cited better-than-expected sales in confectionery business, among others, as the reason for raising the guidance. According to Reuters Estimates, analysts on average were expecting the Company to report revenue of JPY 26.4 billion and net profit of JPY 670 million for the same year.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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