Key Developments: Hitachi Metals Ltd (5486.T)

5486.T on Tokyo Stock Exchange

2,079JPY
22 May 2015
Change (% chg)

¥8 (+0.39%)
Prev Close
¥2,071
Open
¥2,093
Day's High
¥2,096
Day's Low
¥2,067
Volume
1,250,000
Avg. Vol
1,583,967
52-wk High
¥2,130
52-wk Low
¥1,389

Search Stocks

Latest Key Developments (Source: Significant Developments)

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

Hitachi Metals to hold no voting power in Hitachi Metals Techno
Thursday, 19 Mar 2015 02:30am EDT 

Hitachi Metals Ltd:Offers 11,863,875 shares in Hitachi Metals Techno in management buyout (MBO) by a Japan-based company, which is wholly owned by CJP CK Holdings, L. P, at 1,600 yen per share (18,982 mln yen in total).Hitachi Metals to hold no voting right in Hitachi Metals Techno down from 118,638 voting rights (64.82 pct).Effective date March 25.  Full Article

Hitachi Metals to establish joint venture with Beijing Zhong Ke San Huan High-Tech
Monday, 9 Feb 2015 02:00am EST 

Hitachi Metals Ltd:To establish joint venture with Beijing Zhong Ke San Huan High-Tech.The joint venture will be engaged in raw material procurement, manufacture and sale of neodymium magnet.  Full Article

Hitachi Metals appoints chairman of the board of directors
Tuesday, 3 Feb 2015 01:30am EST 

Hitachi Metals Ltd:Appoints Kazuyuki Konishi as chairman of the board of directors, effective April 1.  Full Article

Hitachi Metals to sell shares in Hitachi Metals Techno
Tuesday, 3 Feb 2015 01:30am EST 

Hitachi Metals Ltd:Says launch of a management buyout (MBO) plan for shares of its subsidiary Hitachi Metals Techno, by a Japan-based company, which is wholly owned by CJP CK Holdings, L. P.To sell 11,863,875 shares (64.82 pct voting power in Hitachi Metals Techno) through the MBO at 1,600 yen per share.Settlement date March 25.  Full Article

Hitachi Metals to set up subsidiary and transfer business and subsidiary
Tuesday, 3 Feb 2015 01:30am EST 

Hitachi Metals Ltd:To set up a wholly owned subsidiary in Ibaraki in February, which to be engaged in production and sale of compound semiconductor.To transfer compound semiconductor business to the new subsidiary, effective April 1.To transfer 100 pct stake in the subsidiary to Sumitomo Chemical on April 1.  Full Article

Hitachi Metals to adopt International Financial Reporting Standards
Tuesday, 3 Feb 2015 01:30am EST 

Hitachi Metals Ltd:Says to apply International Financial Reporting Standards (IFRS) as the new accounting method, to replace the current Japanese Accounting Standards.IFRS effective from financial report for FY ending March 2015.  Full Article

Hitachi Metals Ltd raises consolidated full-year outlook for FY 2015
Monday, 27 Oct 2014 02:00am EDT 

Hitachi Metals Ltd:Says the company raised the consolidated full-year outlook for the FY ending March 2015.Revenue forecast increased to 990,000 million yen from 910,000 million yen.Operating profit forecast increased to 77,000 million yen from 68,000 million yen.Ordinary profit forecast increased to 72,500 million yen from 65,000 million yen.Net profit forecast increased to 46,000 million yen from 42,000 million yen.Earnings per share forecast increased to 107.57 yen from 98.21 yen.FY 2015 revenues of 933.17 billion yen, net income of 49.27 billion yen – Thomson Reuters I/B/E/S.Comments that steady increase of demand and involved performance of subsidiary are the main reasons for the forecast.  Full Article

Hitachi Metals Ltd and Hitachi Rail Europe signs supply agreement of Rolling Stock Cables for Railway Carriages of the UK Intercity Express Programme
Monday, 8 Sep 2014 10:00pm EDT 

Hitachi Metals Ltd and Hitachi Rail Europe:Says that they have signed supply agreement of Rolling Stock Cables for Railway Carriages of the UK Intercity Express Programme.For the supply of rolling stock cables for the Class 800/801 trains on the Great Western Main Line and the East Coast Main Line, which are both part of the Intercity Express Programme.  Full Article

Hitachi Metals Ltd to acquire company
Tuesday, 19 Aug 2014 02:15am EDT 

Hitachi Metals Ltd:To acquire 100 shares (100 pct stake) of Waupaca Foundry Holdings, Inc from WF Global II B.V for about $1,314 million in October.  Full Article

Search Stocks