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Maruichi Steel Tube Ltd (5463.T)

5463.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

U.S. sets dumping duties on some steel pipe, tube imports
Friday, 15 Jul 2016 04:21pm EDT 

U.S. Department of Commerce announced on Friday its final ruling on anti-dumping duties on imports of steel pipes and tubes from South Korea, Mexico and Turkey, setting levies : The decision covers imports of heavy-walled rectangular welded carbon steel pipes and tubes which are used in construction and transportation. . Commerce found dumping has occurred by mandatory respondents Dong-A Steel Co and HiSteel Co Ltd <071090.KS> at dumping margins of 2.34 percent and 3.82 percent, respectively. . All other producers/exporters in Korea will incur a final dumping margin of 3.24 percent. . For Mexico, Commerce found dumping has occurred by mandatory respondents Maquilacero SA de CV and Productos Laminados de Monterrey SA de CV at dumping margins of 3.83 percent and 5.21 percent, respectively. . Commerce calculated a final dumping margin of 4.91 percent for all other producers/exporters in Mexico. . In the Turkey investigation, Commerce found dumping has occurred by mandatory respondent MMZ Boru Profil Uretim Sanayi Ve Tic AS at a dumping margin of 35.66 percent. . Commerce determined that no dumping has occurred by mandatory respondent Ozdemir Boru Profil San Ve Tic Ltd Sti(Ozdemir) and calculated a final dumping margin of 17.83 percent for all other producers/exporters in Turkey..  Full Article

Maruichi Steel Tube's net profit probably rose 20 pct to slightly more than 11 bln yen for year ended March, 2016 - Nikkei
Monday, 9 May 2016 01:16pm EDT 

Nikkei: Maruichi Steel Tube will likely generate a group net profit of 16 billion yen ($148 million) in the current fiscal year ending next March - Nikkei . Maruichi Steel Tube's pretax profit likely will climb 20 pct to around 22 billion yen in the current fiscal year ending next March - Nikkei . Maruichi Steel Tube Ltd's sales will probably slide roughly 5 pct to 138 billion yen in the current fiscal year ending next March - Nikkei . Maruichi Steel Tube appears to have suffered a 5 pct sales decline to about 145 bln yen for the year ended March 2016 - Nikkei .Maruichi Steel Tube Ltd's net profit probably rose 20 pct to slightly more than 11 billion yen for the year ended March, 2016 - Nikkei.  Full Article

Maruichi Steel Tube amends consolidated full-year outlook for FY 2016
Thursday, 7 Apr 2016 03:30am EDT 

Maruichi Steel Tube Ltd:Expected extraordinary loss of about 2.8 bln yen for FY ended March 2016 for impairment loss on fixed asset.Says the company amended the consolidated full-year outlook for the FY ended March 2016.Confirmed the revenue at 144,500 million yen.Confirmed the operating profit forecast at 17,100 million yen.Confirmed the ordinary profit forecast at 18,700 million yen.Net profit forecast decreased to 10,800 million yen from 13,100 million yen.Earnings per share decreased to 129.11 yen from 156.60 yen.Comments that amount of group companies' contribution ratio in Leavitt is the main reason for the forecast.  Full Article

Maruichi Steel Tube revises consolidated full-year outlook and raises year-end dividend forecast for FY 2016
Thursday, 4 Feb 2016 07:00pm EST 

Maruichi Steel Tube Ltd:Says the company lowered the consolidated full-year outlook for revenue to 144,500 mln yen from 145,300 mln yen for the fiscal year ending March 31, 2016.Operating profit forecast increased to 17,100 mln yen from 16,900 mln yen.Ordinary profit forecast increased to 18,700 mln yen from 18,500 mln yen.Net profit forecast increased to 13,100 mln yen from 12,900 mln yen.Earnings per share increased to 156.60 yen from 153.65 yen.Says revenue outlook lowered due to the change of sale volume and sales unit prices.Says it raised the year-end dividend forecast to 50 yen per share from 49.5 yen per share for the fiscal year ending March 2016.  Full Article

Maruichi Steel Tube lowers consolidated full-year outlook and raises year-end dividend forecast for FY 2016
Sunday, 8 Nov 2015 09:30pm EST 

Maruichi Steel Tube Ltd:Says the company lowered the consolidated full-year outlook for revenue to 145,300 mln yen from 154,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 16,900 mln yen from 18,400 mln yen.Sees a decrease of ordinary profit forecast to 18,500 mln yen from 20,000 mln yen.Sees a decrease of net profit forecast to 12,900 mln yen from 14,100 mln yen.Sees a decrease of earnings per share to 153.65 yen from 167.90 yen.FY 2016 revenues of 155.20 billion yen, net income of 12.98 billion yen – Thomson Reuters I/B/E/S.Comments the sluggish in overseas subsidiaries as the main reason for the forecast.Says it raised the year-end dividend forecast to 49.50 yen per share from 47.50 yen per share for the fiscal year ending March 2016.  Full Article

Maruichi Steel Tube lowers consolidated mid-year and full-year outlook for FY 2016; reaffirms mid-year dividend forecast and raises year-end dividend forecast for FY 2016
Thursday, 6 Aug 2015 10:20pm EDT 

Maruichi Steel Tube Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 74,500 mln yen from 78,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 7,500 mln yen from 8,100 mln yen.Sees a decrease of ordinary profit forecast to 8,400 mln yen from 9,000 mln yen.Sees a decrease of net profit forecast to 6,300 mln yen from 6,700 mln yen.Sees a decrease of earnings per share to 74.87 yen from 79.08 yen.Says the company lowered the consolidated full-year outlook for revenue to 154,000 mln yen from 164,000 mln yen for the fiscal year ending March 31, 2016.Confirms the operating profit forecast at 18,400 mln yen.Confirms the ordinary profit forecast at 20,000 mln yen.Confirms the net profit forecast at 14,100 mln yen.Earnings per share increased to 167.90 yen from 166.41 yen.Confirms mid-year dividend forecast of 25 yen per share, for the fiscal year ending March 31, 2016.Says it raised the year-end dividend forecast to 47.5 yen per share from 46.5 yen per share for the fiscal year ending March 31, 2016.  Full Article

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