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Kyoei Steel Ltd (5440.T)

5440.T on Tokyo Stock Exchange

2,046JPY
24 Mar 2017
Change (% chg)

¥1 (+0.05%)
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¥2,045
Open
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¥2,011
Volume
123,800
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136,273
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¥2,349
52-wk Low
¥1,387

Latest Key Developments (Source: Significant Developments)

Kyoei Steel fully buys BD Vinton LLC for $52 mln
Tuesday, 20 Dec 2016 09:16pm EST 

Kyoei Steel Ltd <5440.T>:Says it fully acquired stake in the U.S.-based steel firm BD Vinton LLC for about $52 million, via its unit KYOEI STEEL America LLC.  Full Article

Kyoei Steel raises consolidated full-year outlook and year-end dividend forecast for FY 2016
Thursday, 28 Jan 2016 11:00pm EST 

Kyoei Steel Ltd:Says the company increased the consolidated full-year outlook for revenue to 163,000 million yen from 160,000 million yen for FY ending March 2016.Operating profit forecast increased to 13,800 million yen from 12,400 million yen.Ordinary profit forecast increased to 14,000 million yen from 12,500 million yen.Net profit forecast increased to 8,000 million yen from 7,500 million yen.Earnings per share increased to 184.08 yen from 172.58 yen.Comments the costs reduction as the main reason for the forecast.Raised year-end dividend forecast to 35 yen per share from 25 yen per share for FY ending March 2016.  Full Article

Kyoei Steel amends consolidated full-year outlook and raises year-end dividend forecast for FY 2016
Friday, 30 Oct 2015 12:00am EDT 

Kyoei Steel Ltd:Says the company lowered the consolidated full-year outlook for revenue to 160,000 mln yen from 176,000 mln yen for the fiscal year ending March 31, 2016.Operating profit forecast increased to 12,400 mln yen from 11,200 mln yen.Ordinary profit forecast increased to 12,500 mln yen from 11,000 mln yen.Net profit forecast increased to 7,500 mln yen from 6,900 mln yen.Earnings per share increased to 172.58 yen from 158.77 yen.Says profit outlook raised due to the improvement in core business.Says it raised the year-end dividend forecast to 25.00 yen per share from 20.00 yen per share for the fiscal year ending March 2016.  Full Article

Kyoei Steel amends consolidated mid-year and full-year outlook for FY 2016
Friday, 31 Jul 2015 12:00am EDT 

Kyoei Steel Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 84,000 million yen from 85,000 million yen for FY ending March 2016.Operating profit forecast increased to 6,950 million yen from 4,450 million yen.Ordinary profit forecast increased to 7,000 million yen from 4,500 million yen.Net profit forecast increased to 4,500 million yen from 2,600 million yen.Earnings per share increased to 103.55 yen from 59.83 yen.Says the company lowered the consolidated full-year outlook for revenue to 176,000 million yen from 177,000 million yen for FY ending March 2016.Sees an increased operating profit forecast to 11,200 million yen from 8,700 million yen.Sees an increased ordinary profit forecast to 11,000 million yen from 8,500 million yen.Sees an increased net profit forecast to 6,900 million yen from 5,000 million yen.Sees an increase of earnings per share to 158.77 yen from 115.05 yen per share.FY 2016 revenues of 177.02 billion yen, net income of 6.91 billion yen – Thomson Reuters I/B/E/S.Comments the sales decrease and scrap costs reduction are the main reasons for the forecast.  Full Article

Kyoei Steel appoints president
Wednesday, 15 Apr 2015 02:30am EDT 

Kyoei Steel Ltd:Appoints Mitsuhiro Mori as president to replace Koji Morita.Effective June 22.  Full Article

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