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PIOLAX, INC.

5988.T

Latest Trade

2,159.00JPY

Change

-9.00(-0.42%)

Volume

60,100

Today's Range

2,109.00

 - 

2,163.00

52 Week Range

1,665.00

 - 

2,825.00

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

Latest Developments

PIOLAX to merge with subsidiary

PIOLAX INC:To merge with its wholly owned Yokohama-based subsidiary effective on Oct. 1.Says the unit to be dissolved after the transaction.

PIOLAX to issue year-end dividend for FY 2015

PIOLAX INC:To issue a year-end dividend of 32.50 yen per share to all the shareholders of record as of March 31, for the fiscal year ended March 2015.Payment date June 26.Says the dividend is above latest forecast of 27.50 yen per share.

PIOLAX INC completes share repurchase

PIOLAX INC:Completed repurchase of 500,000 shares of its common stock, representing a 3.82 pct stake.Shares repurchased at the price of 2,126,000,000 yen in total, from Nov. 11 to Dec. 9.Plan disclosed on Nov. 10.

PIOLAX INC to repurchase shares

PIOLAX INC:To repurchase 530,000 shares at 4,252 yen per share, or 2,277,060,000 yen in total (including commission charge), from Nov. 11 to Dec. 9.

PIOLAX raises full-year consolidated outlook for FY 2015; to pay mid-term dividend and raises year-end dividend forecast for FY 2015

PIOLAX INC:Raised full-year consolidated outlook for fiscal year ending March 31, 2015.Full-year revenue outlook of 58,500 mln yen raised from 56,600 mln yen.Full-year operating profit outlook of 7,800 mln yen raised from 6,900 mln yen.Full-year ordinary profit outlook of 8,500 mln yen raised from 7,500 mln yen.Full-year net profit outlook of 5,700 mln yen raised from 4,600 mln yen.Full-year earnings per share outlook of 458.25 yen raised from 369.82 yen.Outlook raised due to smooth production of automobile in overseas market.To pay mid-term dividend of 27.5 yen per share, above latest dividend forecast of 22.5 yen per share, for fiscal year 2015.Record date Sep. 30 and effective date Dec. 1.Sees year-end dividend of 27.5 yen per share raised from 22.5 yen per share, for fiscal year 2015.

PIOLAX INC raises consolidated mid-year outlook for FY 2015

PIOLAX INC:Says the company increased the consolidated mid-year outlook for revenue to 29,430 million yen from 27,700 million yen for FY ending March 2015.Operating profit forecast increased to 4,330 million yen from 3,300 million yen.Ordinary profit forecast increased to 4,760 million yen from 3,600 million yen.Net profit forecast increased to 3,330 million yen from 2,300 million yen.Earnings per share increased to 268.30 yen from 184.91 yen.Comments the strong North American automobile production and lower-than-expected decrease in domestic car sale are the main reasons for the forecast.

PIOLAX INC Raises Consolidated Full-year Forecast for FY 2014; Announces Mid-year Dividend Payment for FY 2014; Raises Year-end Dividend Forecast for FY 2014

PIOLAX INC announced that it has raised the consolidated full-year forecast for revenue from JPY 50,600 million to JPY 52,500 million, operating profit from JPY 5,300 million to JPY 6,200 million, ordinary profit from JPY 5,800 million to JPY 6,900 million, net profit from JPY 3,800 million to JPY 4,600 million and earning per share from JPY 305.50 to JPY 369.82 for the fiscal year ending March 31, 2014. The Company raised the consolidated full-year forecast due to favorable business performance. The Company has decided to pay a mid-year dividend of JPY 22.5 per share, above the last forecast of JPY 17.5 per share, to all shareholders of record as of September 30, 2013, for the fiscal year ending March 31, 2014. The payment will be conducted on December 2, 2013. The Company has raised the year-end dividend forecast from JPY 17.5 per share to JPY 22.5 per share for the fiscal year ending March 31, 2014. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of JPY 51.50 billion and net profit of JPY 4.2 billion for the fiscal year ending March 2014.

PIOLAX INC Raises Consolidated Mid-year Outlook for FY 2014

PIOLAX INC announced that it has raised consolidated mid-year outlook for revenue from JPY 24,800 million to JPY 26,340 million, operating profit from JPY 2,400 million to JPY 3,420 million, ordinary profit from JPY 2,600 million to JPY 3,850 million, net profit from JPY 1,800 million to JPY 2,780 million, earnings per share from JPY 144.71 to JPY 223.76 for the fiscal year ending March 2014. The positive outlook is mainly due to increase of production of automobiles and decrease of costs.

PIOLAX INC to Acquire Asset Property in Thailand; Subsidiary to Build Plant in South Korea

PIOLAX INC announced that it has decided to acquire the land and building next to its Thailand-based factory to enlarge the factory, for approximately JPY 400 million, in June 2013. The Company also announced its South Korea-based subsidiary has decided to build a new plant, for approximately JPY 1.3 billion. The new plant is expected to be completed in March 2014.

PIOLAX INC to Issue Year-end Dividend for FY 2013

PIOLAX INC announced that it has decided to issue a year-end dividend of JPY 27.5 per share, including a common dividend of JPY 17.5 per share and a bonus dividend of JPY 10 per share in the commemoration of its 80th anniversary of foundation, above the latest dividend forecast of JPY 17.5 per share, disclosed on May 9, 2012, to all the shareholders of record as of March 31, 2013, effective June 28, 2013.

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

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