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Ube Industries Ltd (4208.T)

4208.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Mitsubishi Chemical and Ube Industries will merge chinese electrolyte operations next April - Nikkei
Thursday, 13 Oct 2016 06:03pm EDT 

Nikkei: Mitsubishi Chemical and Ube Industries will merge chinese electrolyte operations next April - Nikkei .Mitsubishi Chemical and Ube Industries will consider similar mergers in the U.S. And Europe later - Nikkei.  Full Article

Ube Industries to fully acquire unit Ube Film Company Ltd via stock swap
Monday, 6 Jun 2016 11:05pm EDT 

Ube Industries Ltd <4208.T>: Says the co will fully acquire its 93.7-pct-owned unit Ube Film Company Ltd. through stock swap, with effective on June 24 . Says one share of Ube Film Company Ltd's stock will be exchanged with 16.075 shares of the company .Say the company's owned 93.7 percent stake in Ube Film Company Ltd will not be exchanged.  Full Article

JSR Corporation reaches basic agreement with Ube Industries and Mitsubishi Rayon to start negotiation for merger of units in ABS resin business
Monday, 9 May 2016 02:35am EDT 

JSR Corporation <4185.T> and Ube Industries <4208.T> : Says JSR's wholly owned unit TPC to merge with UMG ABS, which is a JV of Ube Industries and Mitsubishi Rayon .Says the parties to sign agreement on Oct. 31 and merger effective Oct. 1, 2017.  Full Article

Ube Industries expects extraordinary loss for FY 2016; revises consolidated full-year outlook for FY 2016
Friday, 29 Apr 2016 02:00am EDT 

Ube Industries Ltd:Says it expects an extraordinary loss of 5,861 million yen for FY ended March 2016.Says the loss is recorded for the impairment loss of fixed assets.Says the company lowered the consolidated full-year outlook for revenue to 641,700 million yen from 670,000 million yen for FY ended March 2016.Sees an increase of operating profit forecast to 41,400 million yen from 39,000 million yen.Sees an increase of ordinary profit forecast to 39,600 million yen from 38,500 million yen.Sees a decrease of net profit forecast to 19,100 million yen from 21,000 million yen.Sees a decrease of earnings per share to 18.05 yen from 19.85 yen.FY 2016 revenues of 663.88 billion yen, net income of 21.54 billion yen – Thomson Reuters I/B/E/S.Comments the low fuel prices and extraordinary loss are the main reasons for the forecast.  Full Article

Ube Industries amends consolidated mid-year and full-year outlook for FY 2016
Thursday, 15 Oct 2015 02:00am EDT 

Ube Industries Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 325,000 million yen from 330,000 million yen for FY ending March 2016.Operating profit forecast increased to 20,000 million yen from 14,000 million yen.Ordinary profit forecast increased to 21,000 million yen from 12,000 million yen.Net profit forecast increased to 13,500 million yen from 7,000 million yen.Earnings per share increased to 12.76 yen from 6.62 yen.Says the company lowered the consolidated full-year outlook for revenue to 670,000 million yen from 685,000 million yen for FY ending March 2016.Operating profit forecast increased to 39,000 million yen from 36,000 million yen.Ordinary profit forecast increased to 38,500 million yen from 32,000 million yen.Net profit forecast increased to 21,000 million yen from 17,000 million yen.Earnings per share increased to 19.85 yen from 16.07 yen.Comments the sales decrease and decreased fuel price are the main reasons for the forecast.  Full Article

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