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Nishikawa Rubber Co Ltd (5161.T)

5161.T on Tokyo Stock Exchange

1,648JPY
9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

NISHIKAWA RUBBER CO LTD - Ex-exec of auto body sealing company pleads guilty to price fixing - Reuters News
Wednesday, 20 Apr 2016 11:48pm EDT 

NISHIKAWA RUBBER CO LTD:The former president of a U.S. joint venture of Nishikawa Rubber Co 5161.T pleaded guilty on Wednesday to fixing the prices of weather stripping and other auto body sealing products and was sentenced to 18 months in prison.- RTRS.The Justice Department said Keiji Kyomoto had been indicted in October 2015 for working with two other people to rig bids for auto body sealing products for cars made in the United States.He also agreed to pay a $20,000 fine. The department did not identify Kyomoto's former employer but he had previously been working for Nishikawa.The FBI said he was president of an unnamed joint venture that manufactured and sold automotive body sealing parts.The Justice Department and antitrust enforcers around the world have had a long-running investigation into price-fixing of auto parts. Thirty-eight companies and 58 executives have been charged as part of the investigation.  Full Article

NISHIKAWA RUBBER to issue mid-year dividend for FY 2016
Thursday, 15 Oct 2015 01:00am EDT 

NISHIKAWA RUBBER CO LTD:To issue a mid-year dividend of 18 yen per share to all the shareholders of record as of Sep. 30, for FY ending March 2016.Payment date Dec. 4.Says latest dividend forecast was 18 yen per share.  Full Article

NISHIKAWA RUBBER amends consolidated mid-year and full-year outlook for FY 2016
Friday, 7 Aug 2015 01:00am EDT 

NISHIKAWA RUBBER CO LTD:Says the company amended the consolidated mid-year outlook for the FY ending March 2016.Revenue forecast increased to 44,700 million yen from 43,800 million yen.Operating profit forecast decreased to 2,550 million yen from 3,300 million yen.Ordinary profit forecast decreased to 2,490 million yen from 3,200 million yen.Net profit forecast decreased to 1,470 million yen from 2,100 million yen.Earnings per share decreased to 75.08 yen from 107.26 yen.Says the company amended the consolidated full-year outlook for the FY ending March 2016.Revenue forecast increased to 91,400 million yen from 89,000 million yen.Operating profit forecast decreased to 6,440 million yen from 7,100 million yen.Ordinary profit forecast decreased to 6,470 million yen from 7,000 million yen.Net profit forecast decreased to 4,500 million yen from 4,700 million yen.Earnings per share decreased to 229.84 yen from 240.05 yen.  Full Article

BRIEF-Nishikawa Rubber's president to lower stake in co

* Says its top shareholder, president Masahiro Nishikawa's stake in co will be lowered to 7.3 percent down from 12.4 percent, effective Nov. 15