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Article: JAPAN MEAL CATERERS' FY07 PRETAX PROFITS SEEN RISING ON M&AS.(Financial report)

Article from:
AsiaPulse News
Article date:
March 3, 2008
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TOKYO, March 3 Asia Pulse - Leading meal caterers Shidax Corp. (TSE:4837) and Leoc Japan Co. (TSE:2366) are expected to post higher group pretax profits for the year ending in March, thanks partly to a string of mergers and acquisitions.

Shidax's pretax profit is seen climbing 26 per cent to a record 10 billion yen (US$95.8 million).

It was helped by turning Daishinto Inc. (TSE:9785) into a group subsidiary last March. The car fleet management firm is seen posting a pretax profit of 3.8 billion yen, an uptick of 5 per cent.

Shidax also benefited from canceling unprofitable meal catering contracts . The division overseeing catering at medical ...

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