http://www.bloomberg.com/apps/news?pid=20601101&sid=auC6j6FgiNA8&refer=japan
Aderans Holdings Co., a wigmaker, fell 325 yen, or 14 percent, to 2,065, the largest percentage move among 1,891 stocks globally in the Morgan Stanley Capital International World Index. The company cut its full-year net income forecast 67 percent to 1.2 billion yen.
Looks like Aderans spun off their hair-related business into a separate entity, Aderans Holdings, in September, 2007. Makes you wonder if that was a defensive maneuver when Aderans was a hostile take-over target earlier in the year. They prevented the take-over, but now Aderans Holdings tanks 14% in one day.
Well, maybe that’s new incentive for them to get HM to the market even sooner.
From 2005 Medium-term Management plan:
2j Boost share of hair transplant market, expand presence worldwide
(1)Aggressively pursue a higher U.S. market share, focusing on Bosley Inc, with the aim of taking Bosley Inc, public within the medium-term management plan
(2)Make steps into Canada, Mexico as well as Latin America, Europe and Asia, and actively build on this advance
3j Bring hair regeneration procedures to market
(1)Encourage promising research on hair regeneration undertaken at Aderans Research Institute (ARI)
New Info:(1)looking ahead to the year “2011” they are not refrencing ARI or HM, just Bosley’s HT business. HMMMM ?
http://www.aderans.co.jp/e/company/investors/images/pdf/20070925.pdf
(2) -
http://www.aderans.co.jp/e/company/investors/images/pdf/20070913e.pdf