52 Week Range
As of on the Tokyo Stock Exchange ∙ Minimum 15 minute delay
Dec 19 (Reuters) - RECTICEL NV <RECT.BR>::DIVESTS FROM ITS PROSEAT JOINT VENTURE IN TWO STEPS.ENTERS INTO FINAL AGREEMENTS TO ACQUIRE THE REMAINING 49% IN ITS PROSEAT JOINT VENTURE FROM ITS CANADIAN PARTNER WOODBRIDGE FOAM CORPORATION.AGREEMENT BETWEEN RECTICEL AND SEKISUI CONTAINS A CALL OPTION FOR SEKISUI PLASTICS CO., LTD. TO ACQUIRE THE REMAINING 25% IN PROSEAT FROM RECTICEL AS FROM 2019.TRANSACTION WILL HAVE NO MATERIAL EFFECT ON RECTICEL’S RESULTS.JOINT VENTURE BETWEEN SEKISUI (75%) AND RECTICEL (25%).ENTERED INTO FINAL AGREEMENTS WHEREBY IT WILL SELL 75% IN PROSEAT TO JAPANESE PUBLIC COMPANY SEKISUI PLASTICS.THE PROSEAT JOINT VENTURE HAS BEEN VALUED AT AN ENTERPRISE VALUE OF 8.4X THE AVERAGE (2016-2018F) EBITDA.BOTH TRANSACTIONS (I.E. RECTICEL/WOODBRIDGE AND RECTICEL/SEKISUI PLASTICS CO. LTD) ARE EXPECTED TO BE CLOSED IN THE COURSE OF Q1 2019.
Sekisui Plastics Co Ltd <4228.T>::SEKISUI PLASTICS CO LTD - UNIT AGREES WITH RECTICEL TO ACQUIRE 75 PERCENT OF PROSEAT GROUP.
Nov 13 (Reuters) - Sekisui Plastics Co Ltd <4228.T>:Says Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "BBB" -R&I.Says rating outlook stable -R&I.
Sekisui Plastics Co Ltd <4228.T>: Says it will retire 1 million shares (2.1 percent stake) of its common stock on March 27 .Says the total shares outstanding will be 46,988,109 shares after the retirement.
Sekisui Plastics <4228.T>:Says it acquired 85 percent stake in YAMAKYU Co., Ltd. via investment on Oct. 3.
Sekisui Plastics Co Ltd <4228.T>: Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "BBB" – R&I .Rating outlook stable– R&I.
Sekisui Plastics Co Ltd:Says it raised the year-end dividend forecast to 7 yen per share from 5 yen per share for the FY ended March 2016.
Sekisui Plastics Co Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 50,040 million yen from 56,500 million yen for FY ending March 2016.Sees an increase of operating profit forecast to 2,280 million yen from 2,250 million yen.Sees a decrease of ordinary profit forecast to 1,930 million yen from 2,050 million yen.Sees a decrease of net profit forecast to 1,180 million yen from 1,350 million yen.Sees a decrease of earnings per share to 12.62 yen from 14.44 yen.Comments the decreased income is the main reason for the forecast.
Sekisui Plastics Co Ltd:R&I affirms Sekisui Plastics Co Ltd's rating at "BBB" and announces stable outlook.
Sekisui Plastics Co Ltd:Raised year-end dividend forecast to 5.5 yen per share (common dividend of 5 yen per share and bonus dividend of 0.5 yen per share) from 5 yen per share for FY ended March 2015.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.