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Aderan\'s Black Friday


#1

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:
2j 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
3j 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