Asahi Kasei Corp (3407.T) Key Developments | Reuters.com
Edition:
United States

Asahi Kasei Corp (3407.T)

3407.T on Tokyo Stock Exchange

673JPY
24 Jun 2016
Change (% chg)

¥-34 (-4.76%)
Prev Close
¥706
Open
¥714
Day's High
¥717
Day's Low
¥663
Volume
12,330,000
Avg. Vol
6,851,929
52-wk High
¥1,052
52-wk Low
¥612

Latest Key Developments (Source: Significant Developments)

Orion Corporation and Asahi Kasei enters into global strategic collaboration
Wednesday, 22 Jun 2016 01:00am EDT 

Orion Oyj : Says that it has entered into a global strategi collaboration agreement with Japanese Asahi Kasei Pharma for the discovery, development and commercialisation of assets in pain management . Agreement comprises a total of four discovery phase candidates, two from Asahi Kasei and two from Orion .Collaboration allows both companies to exclusively license others' development-ready programs at pre-determined stages.  Full Article

Asahi Kasei to pursue large mergers and acquisitions during three years through fiscal 2018 - Nikkei
Monday, 30 May 2016 01:16pm EDT 

: Asahi Kasei plans to pursue large mergers and acquisitions valued in excess of 100 billion yen apiece during three years through fiscal 2018 - Nikkei .Medical equipment, pharmaceuticals and auto-related businesses are among the likely areas for seeking M&A opportunities- Nikkei.  Full Article

Asahi Kasei Corp will log about 12 bln yen in goodwill amortisation costs in year through March 2017 - Nikkei<3407.T>
Wednesday, 18 May 2016 05:24pm EDT 

Nikkei : Asahi Kasei will log about 12 billion yen in goodwill amortisation costs in year through March 2017 over acquisition of American battery materials maker - Nikkei .  Full Article

Asahi Kasei to acquire business from wholly owned subsidiary Asahi-kasei Geotech.
Friday, 22 Apr 2016 02:00am EDT 

Asahi Kasei Corp:To acquire fastening business from wholly owned subsidiary Asahi-kasei Geotech. on July 1.  Full Article

tella announces termination of joint research and development agreement with Asahi Kasei
Monday, 22 Feb 2016 01:30am EST 

tella Inc:Announced termination of joint research and development agreement with Asahi Kasei Corporation, effective in last day of March.Says the joint research and development agreement is for cell processing device for the purpose of cancer treatment.  Full Article

Asahi Kasei appoints new president
Tuesday, 9 Feb 2016 01:00am EST 

Asahi Kasei Corp:Appoints Hideki Kobori as new president of the co to replace Toshio Asano, effective on April 1.  Full Article

Asahi Kasei subsidiary receives administrative dispositions in accordance with Construction Business Act
Wednesday, 13 Jan 2016 05:30am EST 

Asahi Kasei Corp:Asahi Kasei Construction Materials Corp., a subsidiary of Asahi Kasei Corp., received administrative dispositions from the Kanto Regional Development Bureau of the Ministry of Land, Infrastructure, Transport and Tourism, in accordance with the Construction Business Act.Says in work to install precast concrete piles for a condominium complex in Yokohama, subsidiary did not assign the chief engineer as a full-time employee for the construction site, but assigned the same chief engineer as a part-time employee for different construction sites.In the abovementioned construction project, Asahi Kasei Construction Materials Corp. undertook the subcontract from Hitachi High-Technologies Corp. as a blanket subcontract.As a subcontractor for precast concrete pile installation for construction projects including the abovementioned construction project, subsidiary manipulated pile installation data in the installation reports submitted to the prime contractors.  Full Article

Asahi Kasei report of investigation of 3,040 precast concrete pile installation projects of Asahi Kasei Construction Materials Corp
Tuesday, 24 Nov 2015 03:00am EST 

Asahi Kasei Corp:Asahi Kasei Construction Materials Corp., subsidiary of Asahi Kasei Corp., has reported to Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) regarding the investigation of manipulation of data regarding the installation of precast concrete piles.In accordance with instructions of the MLIT, Asahi Kasei Construction Materials has submitted information on specific construction projects to the prime contractors and to local government bodies that requested information.Confirmation of the data included in installation reports was performed in cooperation with the prime contractors and local government bodies.Confirmation of results of investigation of 2,376 projects has been completed. Among them, manipulation of data has been confirmed for 266 projects.There were 118 projects for which confirmation has not been possible due to inability to identify the prime contractor, absence of installation data, etc.Regarding projects where manipulation of data occurred, Asahi Kasei Construction Materials will cooperate with the prime contractors and the owners of the buildings in efforts to confirm safety based on instructions from the MLIT.Regarding projects where a Specific Administrative Agency* has confirmed safety, the Specific Administrative Agency will issue a report to the MLIT.  Full Article

Asahi Kasei updates faulty installation of foundation piles by subsidiary Asahi Kasei Construction Materials
Tuesday, 20 Oct 2015 02:00am EDT 

Asahi Kasei Corp:Confirmed Asahi Kasei Construction Materials Corp., a subsidiary of Asahi Kasei Corp., performed faulty installation of a portion of foundation piles, and diverted and modified data in the corresponding installation report.That in work subcontracted by Sumitomo Mitsui Construction Co., Ltd., the prime contractor for the construction of a condominium for Mitsui Fudosan Residential Co., Ltd. in Yokohama, Kanagawa, Japan.In addition to the diversion and modification of ammeter data in the installation report, there was diversion and modification of flowmeter data for the injection of cement milk which covers the tip of the precast concrete piles and solidifies (consolidation).Subsidiary will bear all costs incurred for investigation as well as necessary reinforcement and repair.And appropriate efforts will now proceed in cooperation with Mitsui Fudosan Residential Co., Ltd. and Sumitomo Mitsui Construction Co., Ltd. with the highest priority given to the safety of the residents.  Full Article

Asahi Kasei announces investigation result
Friday, 16 Oct 2015 08:30am EDT 

Asahi Kasei Corp:Announces the result of investigation regarding the pile construction work of apartment houses based in Yokohama disclosed on Oct. 14.Says the flow meter data (was used to confirm the amount of cement milk) on the off-the-shelf concrete pile was converted and changed.  Full Article

BRIEF-Orion Corporation and Asahi Kasei enters into global strategic collaboration

* Says that it has entered into a global strategi collaboration agreement with Japanese Asahi Kasei Pharma for the discovery, development and commercialisation of assets in pain management