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Sumitomo Bakelite Co Ltd (4203.T)

4203.T on Tokyo Stock Exchange

790JPY
18 Aug 2017
Change (% chg)

¥-13 (-1.62%)
Prev Close
¥803
Open
¥792
Day's High
¥795
Day's Low
¥787
Volume
504,000
Avg. Vol
940,333
52-wk High
¥871
52-wk Low
¥481

Latest Key Developments (Source: Significant Developments)

Sumitomo Bakelite says application of International Financial Reporting Standards
Friday, 2 Jun 2017 02:19am EDT 

June 2 (Reuters) - Sumitomo Bakelite Co Ltd <4203.T>:* Says it will apply International Financial Reporting Standards (IFRS) as the new accounting method, to replace the current Japan-Generally Accepted Accounting Principles.* Says IFRS effective from financial statement for fiscal year ending March 2018.  Full Article

R&I affirms Sumitomo Bakelite's rating at "A" and says stable outlook – R&I
Monday, 20 Feb 2017 01:04am EST 

Sumitomo Bakelite Co Ltd <4203.T>: Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A" – R&I .Rating outlook stable– R&I.  Full Article

Sumitomo Bakelite to retire treasury shares
Thursday, 24 Mar 2016 02:00am EDT 

Sumitomo Bakelite Co Ltd:To retire 15,000,000 shares (5.7 pct stake) of its common stock on April 14.Says the total shares outstanding will be 247,952,394 shares after the retirement.  Full Article

R&I affirms Sumitomo Bakelite's rating at "A" and announce stable outlook
Thursday, 18 Feb 2016 01:00am EST 

Sumitomo Bakelite Co Ltd:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A".Rating outlook stable.  Full Article

Sumitomo Bakelite completes share repurchase
Tuesday, 12 Jan 2016 01:00am EST 

Sumitomo Bakelite Co Ltd:Completed repurchase of 5,500,000 shares of its common stock, representing a 2.28 pct stake.Shares repurchased at the price of 2,791,679,947 yen in total.  Full Article

Sumitomo Bakelite announces result of early-retirement program, expects extraordinary loss for FY 2016
Tuesday, 12 Jan 2016 01:00am EST 

Sumitomo Bakelite Co Ltd:Says 132 employees took up the offer of the early-retirement program announced on Sep. 24, 2015.Says it expects an extraordinary loss of 1.8 billion yen for Q3 of FY ending March 2016.Says the loss is recorded for the payment of early-retirement program.  Full Article

Sumitomo Bakelite updates share repurchase status
Monday, 4 Jan 2016 01:00am EST 

Sumitomo Bakelite Co Ltd:Repurchased 2,580,000 shares for 1,308,496,020 yen in total from Dec. 1, 2015 to Dec. 31, 2015.Says this was part of the share repurchase plan announced on Nov. 11, 2015.Says accumulatively repurchased 4,468,000 shares for 2,285,187,963 yen in total as of Dec. 31, 2015.  Full Article

Sumitomo Bakelite lowers consolidated full-year outlook for FY 2016
Tuesday, 10 Nov 2015 11:00pm EST 

Sumitomo Bakelite Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 210,000 million yen from 230,000 million yen for FY ending March 2016.Sees a decrease of operating profit forecast to 11,000 million yen from 14,000 million yen.Sees a decrease of ordinary profit forecast to 11,500 million yen from 14,300 million yen.Sees a decrease of net profit attributable to parent company's shareholders forecast to 4,200 million yen from 9,200 million yen.Sees a decrease of earnings per share to 17.44 yen from 38.20 yen.FY 2016 revenues of 224.50 billion yen, net income of 8.25 billion yen – Thomson Reuters I/B/E/S.Comments the demand decrease for semiconductor-related materials and impairment loss are the main reasons for the forecast.  Full Article

Sumitomo Bakelite to repurchase shares
Tuesday, 10 Nov 2015 11:00pm EST 

Sumitomo Bakelite Co Ltd:To repurchase up to 5,500,000 shares, representing a 2.28 pct stake.Says share repurchase up to 3,100,000,000 yen in total.Says repurchase period from Nov. 12 to Jan. 29, 2016.  Full Article

Sumitomo Bakelite to offer early-retirement program
Thursday, 24 Sep 2015 02:00am EDT 

Sumitomo Bakelite Co Ltd:To offer an early-retirement program with a subsidiary to employees, who are above 40 years old manager.Offering period from Oct. 22 to Nov. 16.The company expects 100 employees to take the offer.Says the employees who take up the offer will retire on Dec. 31.The company will provide retirement payment and outplacement support to the retiring employees.  Full Article