Edion (TYO:2730) clarified that a Nikkei newspaper report about a business integration with Yamada (TYO:9831) was not based on any company announcement.
While the electronics retailer acknowledged that it is considering a potential merger with Yamada, no definitive decision has been reached at this stage, according to a Tokyo bourse filing on Thursday.
The matter is scheduled for review at a board of directors meeting tomorrow, and any material developments will be disclosed promptly.
KeePer Technical Laboratory's (TYO:6036) total sales surged 51% year-on-year to 1.43 billion yen in May, according to a Wednesday filing on the Tokyo Stock Exchange.Sales at 144 directly operated stores jumped 49% year-on-year, while sales at 132 existing stores increased by 43%, and net sales from franchise stores soared 136% year on year.During the month, the total number of stores, including franchises, reached 178.
Link and Motivation (TYO:2170) has received notification that TOKIO and YUUKI plan to purchase shares from existing shareholder Phoenix Co.Each acquiring firm will purchase 9.55 million shares, giving them each an 8.62% stake, according to a Tokyo bourse filing on Wednesday.The transaction qualifies as a tender offer under Japan's Financial Instruments and Exchange Act, the comany said.Both TOKIO and YUUKI intend to hold their stakes long-term as stable investors, the company noted.
Black Bear Minerals (ASX:BKB) received "exceptional" high-grade silver results from drilling at the Shafter project in Texas, according to a Thursday filing with the Australian bourse.Diamond drilling yielded results in the northeast of the project, including 8.8 meters at 307 grams per tonne (g/t) grade of silver, 0.7% lead, 0.8% zinc and 0.1 g/t grade of gold from 259 meters, including 1.4 meters at 958 g/t grade of silver, 2% lead, 1.9% zinc and 0.2 g/t grade of gold, the filing said.Further results were also received from holes outside the foreign mineral resource estimate in the project's southwest, expanding the mineralized footprint, per the filing.Shares rose 8% in morning trade Thursday.