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Hitachi Metals Ltd (5486.T)

5486.T on Tokyo Stock Exchange

1,608JPY
8 Dec 2016
Change (% chg)

¥60 (+3.88%)
Prev Close
¥1,548
Open
¥1,628
Day's High
¥1,628
Day's Low
¥1,583
Volume
2,456,800
Avg. Vol
1,539,340
52-wk High
¥1,628
52-wk Low
¥945

Latest Key Developments (Source: Significant Developments)

Hitachi Metals completes establishment of neodymium magnets JV in China
Friday, 2 Sep 2016 02:44am EDT 

Hitachi Metals Ltd <5486.T> : Says it completes establishment of neodymium magnets JV in Nantong city, China on Sept. 1 .Latest plan was disclosed on June 9.  Full Article

Hitachi Metals to stop production of China metal roll unit
Wednesday, 31 Aug 2016 03:25am EDT 

Hitachi Metals Ltd <5486.T>: Says its China-based unit, which is engaged in production of metal rolls, will stop production since Sep. 1 .Says the co plans to dissolve the unit.  Full Article

R&I affirms Hitachi Metals's rating at "A+" and says stable outlook –R&I
Tuesday, 19 Jul 2016 02:20am EDT 

Hitachi Metals Ltd <5486.T>: Says Rating and Investment Information, Inc. (R&I) affirmed the company's issuer rating at "A+" –R&I .Says rating outlook stable –R&I.  Full Article

Hitachi Metals updates on JV establishment
Thursday, 9 Jun 2016 03:53am EDT 

Hitachi Metals Ltd <5486.T>: Says it will set up JV with Beijing Zhong Ke San Huan High-Tech in July . Says the JV will be engaged in raw material procurement, manufacture and sale of neodymium magnet, with capital of 450 million yuan .Previous plan, disclosed on June 18, 2015, said JV would be set up in December, 2015.  Full Article

Hitachi Metals to issue year-end dividend for FY 2015
Wednesday, 24 Feb 2016 01:30am EST 

Hitachi Metals Ltd:To issue a year-end dividend of 4 yen per share to all the shareholders of record as of Dec. 31, 2015, for the fiscal year ended Dec. 31, 2015.Payment date March 28.Says the dividend amount is in line with the latest forecast.  Full Article

Hitachi Metals sells stake in subsidiary
Tuesday, 26 Jan 2016 03:40am EST 

Hitachi Metals Ltd:Sold 90 pct stake in a Shanghai-based subsidiary to a Zhejiang-based technology group company for 169,669,973.82 yuan.Says the Shanghai-based subsidiary engaged in manufacture and sale of winding.Holds 10 pct stake in the Shanghai-based subsidiary after selling.Effective Nov. 25, 2015.  Full Article

R&I upgrades Hitachi Metals's rating to "A+" and announces stable rating outlook
Monday, 22 Jun 2015 02:00am EDT 

Hitachi Metals Ltd:Rating and Investment Information, Inc. (R&I) raised Hitachi Metals's issuer rating to "A+" from "A".Rating outlook stable.  Full Article

Hitachi Metals updates on joint venture establishment
Thursday, 18 Jun 2015 03:00am EDT 

Hitachi Metals Ltd:To establish joint venture with Beijing Zhong Ke San Huan High-Tech, in Jiangsu, in December.The joint venture will be engaged in raw material procurement, manufacture and sale of neodymium magnet, with capital of 450 mln yuan.To hold 51 pct stake in the joint venture.Beijing Zhong Ke San Huan High-Tech to hold 49 pct stake in the joint venture.  Full Article

Hitachi Metals to issue year-end dividend for FY 2015
Thursday, 28 May 2015 02:30am EDT 

Hitachi Metals Ltd:To issue a year-end dividend of 13 yen per share to all the shareholders of record as of March 31, for FY ended March 2015.Payment date May 29.Says latest dividend forecast was 13 yen per share.  Full Article

Hitachi Metals revises consolidated full-year outlook for FY 2015 and raises year-end dividend forecast for FY 2015
Thursday, 19 Mar 2015 02:30am EDT 

Hitachi Metals Ltd:Says the company increased the consolidated full-year outlook for revenue to 1,000,000 million yen from 990,000 million yen for FY ending March 2015.Operating profit forecast remained at 77,000 million yen.Ordinary profit forecast increased to 73,500 million yen from 72,500 million yen.Net profit forecast increased to 62,000 million yen from 46,000 million yen.Earnings per share increased to 144.99 yen from 107.57 yen.Comments the prospect of decreased income taxes-deferred and increased net profit are the main reasons for the forecast.Raised year-end dividend forecast to 13 yen per share from 10 yen per share for FY ending March 2015.  Full Article