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Shinagawa Reed's Inc --- Headquarters relocation
On the 22nd, Reed's Inc <5351> announced that it will relocate its headquarters to the Sapira Tower in Marunouchi, Chiyoda-ku, Tokyo, effective March 31, 2025. At this new base, a free-address system will be implemented, and the aim is to enhance communication across departments by utilizing an open office space. This will improve the productivity and engagement of each employee. This headquarters relocation is in preparation for the company's 150th anniversary in October 2025.
Shinagawa Reed's Inc --- Merging with Shinagawa Fine Ceramics (simplified and abbreviated merger).
Shinagawa Refractories <5351> announced on the 22nd that it has resolved to absorb and merge with its wholly-owned subsidiary, Shinagawa Fine Ceramics, and signed the merger agreement on the same day. The effective date of the merger is planned for April 1, 2025, and since it qualifies as a simplified merger and abbreviated merger, approval at the shareholders' meeting is not required. Shinagawa Fine Ceramics, which was spun off in 2002, has established high technical capabilities in fine ceramics manufacturing and has seen increased demand in recent years.
Key points of interest for the PTS on the 22nd = Demae-can, Info MT, Kobe Bussan.
▽ Demae-can <2484.T>, share buyback ▽ Info MT <2492.T>, revision of the financial estimates for the fiscal year ending December 2024 and announcement of the financial estimates for the fiscal year ending December 2025 ▽ Kobe Bussan <3038.T>, acquisition of a new subsidiary and monthly announcement ▽ T&SG <4055.T>, acquisition of shares in Exstage (subsidiarization) ▽ Renascience <4889.T>, collaboration with the Northwestern University Potocsnak Longevity Institute (Institute for Longevity Research) in the USA at the company's laboratory (Tohoku University Renascience).
List of cloud breakout stocks (weekly) [Ichimoku Kinko Hyo - List of cloud breakout stocks]
○ List of stocks that broke above the clouds Market Code Stock Name Closing Price Leading Span A Leading Span B Tokyo Stock Exchange Main Board <3139> Lacto JP 2982 2788 2504.5 <3349> Cosmos Pharmaceutical 7610 6693.57 248.5 <3922> PR TIMES 2047 1914.75 1877 <4732> USS 1340 1305.75 1333.5 <6454> Max 3665 359
Shinagawa Refra Research Memo (12): The target dividend payout ratio will be raised to 40% from the fiscal year ending March 2025.
■Shareholder return policy. Shinagawa Refractories <5351> aims to secure stable Dividends for its shareholders while also striving for future increases in dividends, and it has established a basic policy for profit distribution that includes strengthening the corporate structure through adequate internal reserves. For the fiscal year ending March 2024, a Stock Split was conducted at a ratio of 5 shares for every 1 common stock on October 1, 2023. The revised interim dividend per share is set at 32.0 yen (before revision 160 yen), with the year-end dividend at 36.0 yen (before revision 180 yen), totaling an annual dividend of 68.0 yen.
Shinagawa Refra Research Memo (8): Acquisition of Gouda ensures a turnaround in performance from the fiscal year ending March 2026 onward.
■ The future outlook for Shinagawa Refractories <5351>, medium to long-term growth strategy ● Performance outlook for the fiscal year ending March 2025 Consolidated results for the fiscal year ending March 2025 are expected to show a decline in revenue by 1.5% compared to the previous year, amounting to 142,000 million yen, due to operational troubles faced by customers in Australia and a decrease in activity levels of customers in Brazil, which has led to a reduction in refractory sales volume. The initial plan has been revised downward by 1,000 million yen. Continued monitoring of the customer situations in both countries seems necessary.