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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  DCM Holdings Co., Ltd.    3050   JP3548660004

DCM HOLDINGS CO., LTD.

(3050)
  Report
End-of-day quote. End-of-day quote Tokyo Stock Exchange - 01/25
1082 JPY   +1.50%
01/20DCM SHRIRAM : Fiscal Q3 Net Profit Rises Even As Revenue Slips
MT
01/12DCM SHRIRAM : Board to Consider Interim Dividend on Jan. 28
MT
2020DCM HOLDINGS CO., LTD. : quaterly earnings release
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Japan's Shimachu accepts Nitori's $2 billion buyout bid over DCM's - Nikkei

11/12/2020 | 07:26pm EST

TOKYO (Reuters) - Japanese home improvement retailer Shimachu Co will accept a $2 billion buyout bid by furniture chain Nitori Holdings Co, the Nikkei reported on Friday, rejecting an earlier agreed offer from DCM Holdings Co.

Nitori had said it would pay 5,500 yen per share to buy all of Shimachu in a bid that values the target company at 214 billion yen ($2.04 billion). DCM was conducting its own offer at 4,200 yen per share, which is due to expire on Monday.

Nitori will launch its offer as early as mid-November, the Nikkei said.

Nitori and Shimachu could not immediately be reached for comment. DCM declined to comment.

Nitori is the latest Japanese company to propose a takeover without prior agreement of the target's management, a trend that is gathering pace as companies increasingly seek growth from mergers.

The move is also driven by a government push for better corporate governance, which puts management under pressure to give shareholders higher returns.

Nitori initially flagged a possible bid to buy Shimachu on the day an investment group backed by a prominent activist investor, Yoshiaki Murakami, revealed that it owned 8.38% of Shimachu, adding that DCM's offer might be cheap.

(Reporting by Takashi Umekawa; Editing by Chris Reese and Sam Holmes)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DCM HOLDINGS CO., LTD. 1.50% 1082 End-of-day quote.-8.23%
NIKKEI 225 -0.96% 28546.18 Real-time Quote.4.33%
NITORI HOLDINGS CO., LTD. -1.20% 21735 End-of-day quote.0.53%
SHIMACHU CO., LTD. 0.00% 5480 End-of-day quote.0.00%
All news about DCM HOLDINGS CO., LTD.
01/20DCM SHRIRAM : Fiscal Q3 Net Profit Rises Even As Revenue Slips
MT
01/12DCM SHRIRAM : Board to Consider Interim Dividend on Jan. 28
MT
2020DCM HOLDINGS CO., LTD. : quaterly earnings release
2020DCM HOLDINGS CO., LTD. : quaterly earnings release
2020DCM Shares Rise 7% Despite Rating Affirmation at D
MT
2020Shimachu Urges Shareholders to Accept Nitori Holdings Tender Offer
MT
2020Japan's DCM says to extend offer for rival Shimachu to December 1
RE
2020DIY retailer Shimachu makes about-face, accepts Nitori's takeover bid
AQ
2020AKIO NITORI : Japan's Shimachu backs Nitori's $2 bln takeover bid
RE
2020Japan's Shimachu accepts Nitori's $2 billion buyout bid over DCM's - Nikkei
RE
More news
Financials
Sales 2021 465 B 4 480 M 4 480 M
Net income 2021 20 000 M 193 M 193 M
Net Debt 2021 - - -
P/E ratio 2021 7,39x
Yield 2021 2,96%
Capitalization 166 B 1 600 M 1 600 M
Capi. / Sales 2021 0,36x
Capi. / Sales 2022 0,36x
Nbr of Employees 4 248
Free-Float 73,3%
Chart DCM HOLDINGS CO., LTD.
Duration : Period :
DCM Holdings Co., Ltd. Technical Analysis Chart | 3050 | JP3548660004 | MarketScreener
Technical analysis trends DCM HOLDINGS CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 2 000,00 JPY
Last Close Price 1 082,00 JPY
Spread / Highest target 84,8%
Spread / Average Target 84,8%
Spread / Lowest Target 84,8%
EPS Revisions
Managers and Directors
NameTitle
Toshihiro Hisada Chairman & Chief Executive Officer
Yasunori Ishiguro President, COO & Representative Director
Hisato Kumagai Director & Senior Manager-Finance
Toshimitsu Shimizu Director & Senior Manager-Personnel
Michio Masukawa Independent Outside Director
Sector and Competitors
1st jan.Capitalization (M$)
DCM HOLDINGS CO., LTD.-8.23%1 600
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KINGFISHER PLC0.15%7 774
HOME PRODUCT CENTER4.38%6 269
SIAM GLOBAL HOUSE PUBLIC COMPANY LIMITED24.71%3 111