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Higashi Twenty One: Semi-Annual Report - Term 103 (2024/04/01 - 2025/03/31)
Higashi Twenty One: Confirmation letter
East Twenty-One --- Absorption split contract conclusion and partial change of articles of incorporation due to transition to a holding company system
Higashi 21 <9029> announced the signing of an absorption-type split contract in connection with the transition to a holding company structure on the 25th. The company has announced its intention to transition to a holding company structure by April 1, 2025, and will enter into an absorption-type split contract with a preparatory company (a subsidiary wholly owned by the company). In addition, in connection with the transition to a holding company structure, the company will change its trade name to 'Higashi Holdings' effective April 1, 2025 (scheduled), along with its business purpose for business under the holding company structure.
Decision on proposals for the convening of an extraordinary shareholder meeting - Higashi 21
East Twenty-One <9029> announced the date and time, location, and agenda of the extraordinary general meeting of shareholders on the 25th. The meeting is scheduled for December 20, 2024 at 10:00 AM, at the 5th floor conference room of the company's headquarters building located at 3-1-9 Naka-ku, Uehonmachi Sancho, Osaka. The agenda of this extraordinary general meeting of shareholders includes the first agenda item, approval of the absorption-type split contract, and the second agenda item, partial amendment of the articles of incorporation. The company has announced its intention to transition to a holding company structure by April 1, 2025, and has established a split preparation committee.
Higashi Twenty-One--- In the second quarter, although there was a double-digit increase in revenue, the profit decreased temporarily due to various expenses.
Higashi Twenty-One <9029> announced its consolidated financial results for the second quarter of the fiscal year ending March 2025 (April-September 24). Revenue increased by 12.5% to 21.976 billion yen compared to the same period last year, operating profit decreased by 2.4% to 1.104 billion yen, ordinary profit decreased by 3.2% to 1.167 billion yen, and net profit attributable to parent company shareholders decreased by 7.1% to 0.689 billion yen. The opening of the Kobe Nishi Logistics Center for major e-commerce operations, as well as the distribution and installation of new currency-compatible precision instruments.
Hitachi Construction Machinery, downward revision on 25/3, operating profit 151 billion yen←165 billion yen
Hitachi Construction Machinery <6305> announced a revision to its financial estimates for the fiscal year ending March 2025. The revenue was revised downward from 1.37 trillion yen to 1.35 trillion yen, and the operating profit from 165 billion yen to 151 billion yen. This adjustment took into account the slower pace of interest rate cuts by the Federal Reserve (FRB), leading to a delayed recovery in demand for hydraulic excavators. [Positive revisions] <4519> Chugai Pharmaceutical | <3199> Menarini HD Revision <2209> Iimuraya G Revision | <4718> Waseda Academy Revision <6