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Nippon Yakin Kogyo Co Ltd (5480.T)

5480.T on Tokyo Stock Exchange

216JPY
18 Aug 2017
Change (% chg)

¥-6 (-2.70%)
Prev Close
¥222
Open
¥217
Day's High
¥219
Day's Low
¥215
Volume
1,721,900
Avg. Vol
3,365,377
52-wk High
¥269
52-wk Low
¥138

Latest Key Developments (Source: Significant Developments)

Nippon Yakin Kogyo to set up Nanjing-based JV with NANJING IRON & STEEL
Tuesday, 4 Jul 2017 04:44am EDT 

July 4 (Reuters) - Nippon Yakin Kogyo Co Ltd <5480.T>:* Says it will set up a Nanjing-based JV with NANJING IRON & STEEL CO.,LTD <600282.SS>.* The JV will be engaged in purchasing, sales and outsourced processing of high-functional materials, as well as quality assurance services.* Says the co and NANJING IRON & STEEL CO.,LTD will hold a 60 percent stake and a 37 percent stake in the JV respectively.  Full Article

Nippon Yakin Kogyo updates on fire incident at hot-rolling plant
Wednesday, 31 May 2017 04:20am EDT 

May 31(Reuters) - Nippon Yakin Kogyo Co Ltd <5480.T>:Says fire incident has occurred at a Kawazaki-based hot-rolling plant of the co, around 10:54 am, May 14.Says co plans to restart all business of the plant in middle October .Say previous update was disclosed on May 23.  Full Article

Nippon Yakin Kogyo says fire incident at hot-rolling plant
Monday, 15 May 2017 02:39am EDT 

May 15(Reuters) - Nippon Yakin Kogyo Co Ltd <5480.T>:Says fire incident has occurred at a Kawazaki-based hot-rolling plant of the co, around 10:54 am, May 14 .Says details and causes are under investigation.  Full Article

Nippon Yakin Kogyo to set up high functional materials JV in China
Monday, 27 Feb 2017 01:00am EST 

Nippon Yakin Kogyo Co Ltd <5480.T>: Says the co plans to set up high functional materials JV in China with a Nanjing-based steel firm .Says the JV to be capitalized at 10 million yuan and the co to hold 60 percent stake in it.  Full Article

Nippon Yakin kogyo lowers consolidated full-year outlook for FY 2016
Friday, 30 Oct 2015 02:00am EDT 

Nippon Yakin kogyo Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 125,000 million yen from 132,000 million yen for FY ending March 2016.Sees a decrease of operating profit forecast to 2,200 million yen from 4,500 million yen.Sees a decrease of ordinary profit forecast to 750 million yen from 2,500 million yen.Sees a decrease of net profit attributable to parent company's shareholders forecast to 400 million yen from 2,100 million yen.Sees a decrease of earnings per share to 2.59 yen from 13.58 yen.Comments the condition of stainless specialty steel business as the main reason for the forecast.  Full Article

Nippon Yakin kogyo lowers consolidated mid-year outlook for FY 2016 and cancels mid-year dividend for FY 2016
Tuesday, 20 Oct 2015 02:00am EDT 

Nippon Yakin kogyo Co Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 62,000 million yen from 65,000 million yen for FY ending March 2016.Sees a decrease of operating profit forecast to 500 million yen from 2,000 million yen.Sees a decrease of ordinary profit forecast to -150 million yen from 1,000 million yen.Sees a decrease of net profit attributable to parent company's shareholders forecast to -450 million yen from 800 million yen.Sees a decrease of earnings per share to -2.91 yen from 5.17 yen.Comments the decreased price of nickel is the main reason for the forecast.Resolved to cancel the mid-year dividend for FY ending March 2016.Latest dividend forecast was an undetermined value.  Full Article